Markets Update: BCH Holds Above $150, RVN and XTZ Explode

Source From https://news.bitcoin.com/bch-150-rvn-xtz-explode/

Markets Update: BCH Holds Above $150, RVN and XTZ Explode

In recent market action, bitcoin core (BTC) has struggled to hold above $4,000 following four consecutive green weekly candles, while bitcoin cash (BCH) appears to be consolidating above $150 after comprising the best performing of the 10 largest crypto assets by market cap of the last seven days. In other news, ravencoin (RVN) and tezos (XTZ) are among the highest capitalized top gaining markets of the past week.

Also Read: 8 Useful Browser Extensions for Cryptocurrency Users

BTC Consolidates at $4,000

Following four weeks of green weekly candles, BTC is currently struggling to hold above $4,000 after retracing approximately 1.4% in the last 24 hours. As of this writing, BTC is trading for approximately $3,975 on Bitstamp and $4,040 on Bitfinex, indicating a spread of approximately 1.7% between USD and USDT exchanges.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
BTC/USD – Bitstamp – 1D

BTC has a market capitalization of $70.91 billion. Approximately $10.6 billion worth of BTC has changed hands during the last 24 hours.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode

BCH Consolidates Above $150

BCH appears to have established support at $150 after posting a 4% retracement over the course of the last 24 hours. The retracement following seven days of strong bullish momentum, with BCH comprising the top gaining of the 10 largest cryptocurrencies by capitalization after posting a weekly gain of 14%. BCH is currently trading for approximately $153.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
BCH/USD – Kraken – 1D

When measured against BTC, BCH is consolidating around the 0.038 BTC support area after gaining 16% last week. BCH is currently the sixth largest crypto asset with a market cap of $2.73 billion. Approximately $471 million worth of BCH has been traded in the last 24 hours.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
BCH/BTC – Bittrex – 1D

XTZ and RVN Rank Among Top Gainers

XTZ has broken into the top 20 crypto assets by capitalization following a dramatic 70% rally in seven days, ranking tezos as the 18th strongest performing crypto assets of the past week. XTZ is currently the 20th largest cryptocurrency with a market cap of $525 million and is trading for $0.755.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
XTZ/USD – Bitfinex – 1D

When measured against BTC, XTZ is trading for more than 0.00019 BTC after gaining 55.5% in less than seven days. Nearly $12.4 million worth of XTZ was traded during the last 24 hours, making XTZ currently the second most liquid of the top 20 markets by capitalization.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
XTZ/BTC – Bitfinex – 1D

RVN is currently ranked as the past week’s 14th top performing market after gaining 72% over the last seven days. The week comprises the fourth-consecutive green candle, with RVN having gained 345% in less than one month. The bullish momentum has propelled RVN back into the top 50 crypto assets by market cap, currently ranking 43rd with a capitalization of $143 million.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
RVN/USD – Bittrex – 1D (calculated by Tradingview)

When measured against BTC, RVN broke into new all-time highs this past week, with RVN currently trading for 1,118 satoshis after gaining roughly 305% in less than four weeks. Roughly $86.22 million worth of RVN has changed hands over the last 24 hours.

Markets Update: BCH Holds Above $150, RVN and XTZ Explode
RVN/BTC – Binance – 1D

Do you think the markets are starting to transition out of the bear season? Share your outlook in the comments section below!


Images courtesy of Shutterstock


Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

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China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

Source From https://news.bitcoin.com/china-favors-tron-eos-new-crypto-ranking-bitcoin/

China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

China’s Center for Information and Industry Development has released its latest crypto project ranking. Tron and EOS top the list out of the 35 crypto projects evaluated while Bitcoin has been downgraded slightly. The center also evaluated the projects independently based on basic technology, applicability, and creativity.

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval

March Ranking

The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 11th update of its crypto project ranking report on Friday. The number of crypto projects evaluated this month was 35, unchanged from the previous month.

“The results show that the world’s three major Dapp platforms — EOS, Tron, [and] Ethereum — still rank in the top three, [and] the scores are 155.7, 146.7 and 142.8, respectively,” the center wrote. Tron debuted last month, replacing Ethereum as the second highest ranked project. EOS has been in the top spot since it started being ranked in June last year. This month, BTC ranks 15th, down two places from the previous month. BCH also fell slightly from the 27th spot to the 31st spot.

China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

3 Sub-Rankings

All 35 crypto projects were also evaluated based on three sub-categories: basic technology, applicability, and creativity.

The basic technology “sub-index accounts for 64% of the total index,” the center described, noting that this category “mainly examines the technical realization level of the public chain, including function, performance, security, and decentralization.” The top projects are EOS, Tron, Bitshares, Steem, and Gxchain. “Since the Constantinople upgrade, the efficiency of the Ethereum network has improved, and the Ethereum basic technology index has also risen from the 9th [place] to the 6th,” the CCID pointed out. Nonetheless, it found that on average “the basic technology index has slightly decreased from the previous period.”

China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

The applicability “sub-index accounts for 20% of the total index,” the CCID continued, adding that this category mainly evaluates “the comprehensive level of public chain support for practical applications.” The top five projects are Ethereum, NEO, Nebulas, Tron, and Ontology. Unlike the basic technology category, the center said that on average “the applicability index has increased from the previous period.”

The creativity “sub-index accounts for 16% of the total index,” and the top five projects are Bitcoin, Ethereum, EOS, Litecoin and Lisk. This category focuses on “continuous innovation in the public chain,” the CCID explained, adding that “The innovation sub-indices of Litecoin, Bytecoin, EOS, Nebulas and Hcash have increased significantly from the previous period.” However, the center concluded that overall “the average value of the innovation sub-index has declined to a certain extent compared with the previous period, indicating that the activity of global public-chain technology innovation is decreasing.”

What do you think of CCID’s latest ranking? Let us know in the comments section below.


Images courtesy of Shutterstock and the CCID.


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The post China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin appeared first on Bitcoin News.

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Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Source From https://news.bitcoin.com/why-africa-continues-to-lag-behind-in-cryptocurrency-adoption/

Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Africa continues to dominate Google Trends search interest for “bitcoin,” but that has not translated into widespread adoption of cryptocurrency by users and businesses. Apart from opaque regulation and a lack of awareness, one of the major reasons for this failure has been the expansive use of mobile money on the continent.

Also read: Report: 87% of Crypto Exchanges May Be Falsifying Volume

Crypto Adoption Disappoints, Even as Africa Dominates Bitcoin Search Interest

According to Google Trends, the biggest search interest for bitcoin in the world is by potential investors from Nigeria, South Africa and Kenya – the three biggest cryptocurrency markets in Africa. That dominance is, however, predominantly limited to trading activities on exchanges. On a few occasions, bitcoin may be used as a means of payment, mostly to overseas suppliers.

But despite that world-leading interest, Africa still lags behind the rest of the world in everyday BTC use and adoption. The cryptocurrency has found it difficult to break the stranglehold of convenience, simplicity and efficiency that, like a magnet, draws millions of Africans to mobile money. The continent of 1.2 billion people is home to over 50 percent of the world’s mobile money services.

Why Africa Continues to Lag Behind in Cryptocurrency Adoption
Google Trends chart for the keyword “bitcoin”

For example, with a basic telephone handset, one can send or receive money via SMS anywhere within a particular country, without the need of an internet connection. By comparison, you will need a smartphone and a secure internet connection to complete a cryptocurrency transaction. While internet use has risen sharply in the past 20 years, users from Africa account for just 10 percent of the global total, making the case for crypto on the continent even more cryptic. Also, erratic power supplies in many countries continue to impede the internet access on which cryptocurrency largely depends.

Beating Mobile Money at Its Own Game

Vin Armani, founder and CTO of Cointext, an internet-free wallet service that allows users to send or receive bitcoin cash (BCH) via SMS – just like mobile money – believes his service could rival mobile money in the continent. In Africa, Cointext is currently available only in South Africa, and it’s unclear how many people are actually using the service there. “We are preparing to make a major announcement that will give us global coverage (in every country),” Armani told news.Bitcoin.com.

Why Africa Continues to Lag Behind in Cryptocurrency Adoption

“We’re currently working on an integration that will make us available for smartphones throughout Africa. We’re also working on SMS solutions for a few other African countries,” another official from Cointext explained separately.

Elisha Owusu Akyaw, a 17-year-old Ghanian crypto investor and influencer, has made a fortune investing in bitcoin. He believes that “Cryptocurrencies should probably integrate with mobile banking platforms.” Akyaw might have a point. The mobile money sensation has grown very deeply in African economics to the extent, perhaps, of defining its people.

“The power of financial technology to expand access to and use of accounts is demonstrated most persuasively in Sub-Saharan Africa,” the World Bank’s Global Findex Database detailed in its financial inclusion survey, which found 21 percent of adults on the continent now have a mobile money account. This is “nearly twice the share in 2014 and easily the highest of any region in the world.”

If that is not enough, cryptocurrencies will likely have to fight tooth and nail to gain any reasonable market share in the mobile money-dominated payment systems in Africa, a region often touted as the next frontier for virtual currencies. In Zimbabwe, publicly listed Econet Wireless controls 95 percent of the mobile money market share through its Ecocash platform. The seven year-old service is so successful that almost every government department depends on it for electronic payments.

Why Africa Continues to Leg Behind in Cryptocurrency Adoption

With more than six million users in the Southern African country, Ecocash has processed over $23 billion worth of transactions since launch in September 2011. It boasts more than 32,000 agents (merchants) throughout Zimbabwe. This is the sort of entrenched competition that cryptocurrencies will have to contend with. There will be 725 million mobile phone subscribers in Africa by 2020, according to the GSM Association, who could either plug into crypto or mobile money.

Cumbersome Registration Processes Dissuade Crypto Use

Bernard Parah, a 26 year-old entrepreneur from Lagos, Nigeria, recognizes this challenge and opportunity. Two years ago, he founded Bitnob Quickserve, a platform that allows Africans to buy vouchers and reedem them for BTC without the need to complete KYC or AML procedures. Parah posits that one of the biggest hindrances to cryptocurrency adoption is the labyrinth of verifications required by exchanges at registration.

“We believe that [the service] will reduce the entry barrier for many people who want to try out bitcoins here in Africa,” Parah told news.Bitcoin.com. “Onboarding users needs to be made simpler. Many first time users give up at the point where they have to upload their personal identity details for verification.”

Why Africa Continues to Leg Behind in Cryptocurrency Adoption

Parah also pointed to ease of use and the fear of loss of funds without recovery as stumbling blocks. “A bitcoin address looks like a foreign language to new users,” he notes. “Many people are not ready to be their own banks, they would rather settle for convenience over security,” said Parah, who reckons there’s need for more awareness and education about crypto.

A litany of fake bitcoin schemes have not helped the cryptocurrency cause either. In Uganda, for example, thousands of people have fallen victim to a number of Ponzi schemes, including the D9 Club, which promised to pay members in BTC. The scheme, now collapsed, masqueraded as a sports trading company, promising members hefty weekly payouts in bitcoin on initial investment of between $250 and $2,000. “Scams give Africa [and crypto] a bad name,” decried Chimezie Chuta, an IT specialist and bitcoin enthusiast from Nigeria. Regulation has, as always, been a sticky issue where bitcoin is concerned.

What do think about cryptocurrency adoption in Africa? Let us know in the comments section below.


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The Tatiana Show Ep. 182 Maria Tokareva

Source From https://letstalkbitcoin.com/blog/post/the-tatiana-show-ep-182-maria-tokareva

A quick show about a new and unique artist I met with when down in Miami. She sells some of her work in crypto, but is also immersing herself in other ways. Take 5 minutes to brush up on your crypto artist culture and meet this beautiful and talented Latina painter on this episode of the Tatiana Show!

About the Guests:

Maria Tokareva is pure Magic, she paints her feelings on canvas, walls, floors and clothes. She also is a creative director for her fashion urban art wear brand Miss Frais. Last year Maria was awarded with a certificate of recognition for her art contributions to the city of Miami, by the Mayor of Miami. She is also a published artist in Forbes and has participated in many art fairs and gallery exhibits. Her latest project is a charity auction for Family Resource Center of South Florida where Maria donated her paintings to raise money for the kids who have been abandoned by their families. A Queer fashion show benefiting PFLAG South Miami, raising awareness about gender diversity, body positivity and LGTBQ issues. A very special Gala to raise money for Suicide Awareness at FIU.

More Info:

TatianaMoroz.com

CryptoMediaHub.com

Mtsg-art.com

Friends and Sponsors of the Show:

MetalPay.com

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Crypto Press’s Morning Crypto News Digest – 3/21/2019 12:01:23 PM – UTC

Source From https://crypto.press/2019/03/21/crypto-presss-morning-crypto-news-digest-3212019-120123-pm-utc/


crypto-press-header-crypto-currency-news-pricing-information-daily-news-digest-crypto-news

Bitcoin_Logo-bitcoin-latest-price-daily-price-information 3/21/2019 12:00:00 PM,$BTC | #BTC – bitcoin’s Current Price: ▲ $4087.1868 | 1h ▲ : 0.11 % | 24h ▲ : 1.04 % | 7d ▲ : 4.36% | More on: Bitcoin Information

thereum-news-ethereum-price-information-ETHEREUM-ICON_Black 3/21/2019 12:00:00 PM,$ETH | #ETH – ethereum’s Current Price: ▲ $140.3525 | 1h ▲ : 0.08 % | 24h ▲ : 0.75 % | 7d ▲ : 5.2% | More on: Ethereum Information

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Join the Discussion:

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:
WSJ Claim of $9 Mln Laundered Via Shapeshift Based on Flawed Investigation, Analysts Say
,

2019-03-21

:
Analysts have accused the Wall Street Journal of using flawed investigative methods and grossly overestimating the extent of alleged laundering via crypto exchange ShapeShift
,

Bitcoin Price Charts Echo Pattern Seen Before Bull Reversal of 2015

:
2019-03-21

Bitcoin’s 14-month bear market has ended up creating a similar price pattern to one that paved the way for a bull run in 2015.

Binance API Seemingly Reveals Ongoing Margin Trading Implementation

:
2019-03-21

Changes made to the public Binance API reveal that the exchange is seemingly in the midst of margin trading implementation

Bitcoin Price Charts Echo Pattern Seen Before Bull Reversal of 2015

:
2019-03-21

Bitcoin’s 14-month bear market has ended up creating a similar price pattern to one that paved the way for a bull run in 2015.

Mt. Gox Trustee: Creditors Will Soon Receive Decisions Over Rehabilitation Claims

:
2019-03-21

The trustee of Mt. Gox has announced that he has concluded the processing of creditors’ rehabilitation claims, and that they will be notified of the results within days

Crypto Market Maker B2C2 Hires Wall Street FX Vet to Lead US Expansion

:
2019-03-21

London-based crypto liquidity provider B2C2 has hired Wall Street veteran Rob Catalanello to lead its expansion in the U.S.

Mt. Gox Is Taking a Step Towards Paying Out Creditors

:
2019-03-21

The long-defunct bitcoin exchange Mt. Gox is finally moving toward settling creditors’ accounts in cryptocurrency or cash.

Cardano 1.5 Releases on the Mainnet Ahead of PoS Protocol Upgrade

:
2019-03-21

Cardano community members have been looking forward to the new major main net update. In version 1.5, a few interesting changes and features are introduced. It is also a major step toward the introduction of the Shelley release, which will occur fairly soon. As the project slowly leaves the Byron development phase behind, the coming weeks and months will prove rather crucial in many different ways. nAnother big Update for CardanonNo cryptocurrency project can afford to stand …

WSJ Claim of $9 Mln Laundered Via Shapeshift Based on Flawed Investigation, Analysts Say

:
2019-03-21

Analysts have accused the Wall Street Journal of using flawed investigative methods and grossly overestimating the extent of alleged laundering via crypto exchange ShapeShift


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Proof of Love Ep. 7 Tantric Sex with Ben Tantra Punk

Source From https://letstalkbitcoin.com/blog/post/proof-of-love-ep-7-tantric-sex-with-ben-tantra-punk

What can one say about a crypto tantric episode other than wow. This is our spiciest Proof of Love yet! Ben Tantra Punk joined Stephanie and I to discuss this ancient practice. In between a few laughs and blushes, we get a great overview of tantric lovemaking, how it’s different from regular lovemaking, the history of why there is tantric sex in the first place, and the joys of the female orgasm. We went a bit over on time, but I don’t think you will mind with this subject matter! We need more love in our lives, and this episode will show you how to put some of these teachings into practice, even if calling each other goddess in bed is a little uncomfortable.

About the Guests:

Ben Tantra Punk is a sex worker, feminist porn performer, certified permaculture designer, certified tantric counselor, author, film maker, and recording artist. He’s found healing and empowerment through sacred loving arts, ecological gardening, shamanism, ecstatic trance dancing, martial arts, and open source technology. His ongoing independent short film series, Sexorcism the Tantric Opera, was launched in early 2017. It tells his story of recovery from childhood sexual trauma, adolescent sex trafficking, and the path of a wounded healer. His first book, Psychedelic Goddess Worship: Erotic Memoirs from the Astral Battlefield, is planned for release in late 2019.

He loves to help tantric seekers discover the infinite source of divine love from above, the eternal power and wisdom from the Earth below, and the bliss of conscious, healthy, diverse romantic relationships in between. He provides private coaching and counseling sessions online and in-person, and teaches publicly via livestream on the Ethereum powered SpankChain camsite at: https://beta.spankchain.com/TantraPunk His writings, music, podcasts, videos and contact info can be found at https://www.TantraPunk.com.

Do you have a burning question, or a show idea for us? Please email us at tatiana@proofoflovecast.com!

Remember, this is a new show, so if you like it, please be sure to tell 3 friends! Leave a good review on Itunes, and be sure to follow us on our socials!

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BCH Is Now Supported by a Large Crypto ATM Network in Switzerland

Source From https://news.bitcoin.com/bch-is-now-supported-by-a-large-crypto-atm-network-in-switzerland/

BCH Now Supported by a Large Crypto ATM Network in Switzerland

Cryptocurrency ATM operator Värdex Suisse has introduced BHC support to its devices. The company is a financially regulated entity that provides access to digital assets through its teller machines, POS services and partnerships with retailers in Switzerland and abroad.

Also read: American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments

Bitcoin Cash Available on All Värdex ATMs

“Bitcoin cash (BCH) is online and available now on all our ATMs!” Värdex Suisse announced in a tweet on Tuesday. The company claims it maintains the largest crypto ATM network in the Alpine nation. Its website shows 26 ATM locations in major Swiss cities such as Bern, Zurich, Geneva, Basel, Lucern, and Lausanne.

The company’s devices support the purchase and sale of three other leading cryptocurrencies as well: bitcoin core (BTC), ethereum (ETH) and litecoin (LTC).

BCH Is Now Supported by a Large Crypto ATM Network in Switzerland

Värdex Suisse AG, originally founded as Bitcoin Suisse AG, has been operating independently since 2017 in order to meet the high demand in the retail sector for the kind of services it offers. The company is a member of the Financial Services Standards Association (VQF) and part of the Crypto Valley Zug Community.

Värdex also says its mission is to make buying and selling digital currencies “as seamless and easy as a regular visit to a bank ATM.” It is doing that through a number of partnerships, a recent example being the recently announced crypto exchange service offered by Liechtenstein’s post office with the help of the Swiss company.

350 ATMs Across Europe Support BCH

Switzerland is one of several countries in Europe that have made efforts to create favorable conditions for crypto companies and blockchain businesses. Its Crypto Valley, centered in the Canton of Zug, has expanded significantly over the last couple of years. It currently numbers about 750 companies including those based in neighboring Liechtenstein.

The business-friendly conditions and regulations have catalyzed the growth of the crypto-related services offered in the country. They include payment and teller services providing secure access to digital coins and increasing their mainstream adoption.

BCH Is Now Supported by a Large Crypto ATM Network in Switzerland

According to data compiled by tracker website Coinatmradar, there are currently 52 bitcoin ATMs and crypto tellers across Switzerland. Around half of them now support purchases and sales of bitcoin cash.

The number of BCH trading devices has been growing in Europe as well, reaching around 350 across the region. However, the Old Continent is still lagging behind the U.S. where almost 1,200 ATMs offer bitcoin cash.

Is the number of ATMs supporting BCH growing in your region? Let us know in the comments section below.


Images courtesy of Shutterstock, Värdex Suisse.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post BCH Is Now Supported by a Large Crypto ATM Network in Switzerland appeared first on Bitcoin News.

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