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Bodhi (BOT) holders should prepare for free BOE airdrop

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With a few week after the after Bodhi (BOT) launched its Bodhi Prediction market platform on the Qtum mainnet, Bodhi has announced making its Bodhi prediction market DApp wide enough to accommodate Ethereum.

The objective of expanding the prediction market DApp is to bring as many users as possible to Bodhi network. However, it is a win win situation since the users also get a chance of making accurate crypto trading predictions using the DApp. So, as the Bodhi platform grows, the users also make more profits.

The free BOE Airdrop

You must be worried about how all this will take place and still protect BOT holders.

But that should not worry you.

First, so as to ensure that both Ethereum and Bodhi (BOT) are on the same page when it comes to managing the platform, Bodhi development team is set to issue a new token that will be based on the ERC20 rules. These new token will be denoted as BOE and it will be applicable on the Ethereum platform.

The development team will make the total supply of BOE to be equal to the BOT tokens, which is 100 million tokens.

But so as the rights of BOT holders are protected, Bodhi development team will give out the BOE as a free airdrop to all BOT holders. The BOT holders will get the BOE tokens at a ratio of 1:1. This means for 1,000 BOT Tokens, a user will get 1,000 BOE Tokens.

This free airdrop will be done through a number of platforms which have agreed to participate in the free BOE airdrop.

The BOE Token will be used exclusively as a utility token. It will only be used to give users from the Ethereum network to access Bodhi prediction market DApp platform. Therefore, the BOE will not be used in raising any additional funds to Bodhi network.

The Bodhi Foundation

Since Bodhi (BOT) Foundation currently holds 40% of the all BOT Tokens supplied, the foundation will also be part of those holders that will receive the BOE Tokens.

However, for the sake of transparency, the foundation has promised to make the addresses of both BOT and the BOE that it shall acquire public.

When will the BOE Airdrop take place

The BOE free airdrop is scheduled to take place on 1st June at 23:59 GMT+8.  This is when the accounts of all BOT holders will be credited with BOE Tokens.

Crypto Exchange platform participating in the BOE Airdrop

Below are the Crypto exchange platforms that have agreed to help Bodhi (BOT) in distributing the BOE tokens:

  • BigOne
  • Gate.io
  • Allcoin
  • LBank
  • Bibox

These means that any BOT that is held outside these exchanges will not be liable to receiving any BOE Tokens.

To ensure that you receive your BOE Tokens, you should ensure that you have deposited BOT tokens with the above named exchange platforms by latest 31st May, 2018.

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The UAE financial regulator asking for feedback on incoming crypto regulation

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  • UAE’s financial watchdog, SCA, has published draft regulations and are asking for feedback. 
  • They will be providing final drafter legislation regarding the industry, once all is digested in terms of feedback. 

The financial watchdog, the United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) recently published a set of draft regulations for crypto assets. 

The organization is seeking feedback from the industry, as noted via an official statement from Oct. 15. The SCA will be collecting public feedback on the draft regulations until Oct. 29, prior to providing the final drafted legislation regarding the industry. 

It details that all parties involved in the crypto industry, including; investors, brokers, financial analysts, researchers, media and others, are invited to provide their feedback on the document, the SCA noted, adding that the proposals will be taken into consideration for the final regulation. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

source featured

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Crypto Market Cap And Bitcoin Holding Support: BCH, BNB, EOS, TRX Analysis

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  • The total crypto market cap is currently holding the key $210.0B support area.
  • Bitcoin price is also trading just above the $8,250 and $8,200 support levels.
  • EOS price is showing positive signs above the $3.050 and $3.000 support levels.
  • Binance Coin (BNB) is up more than 2% and it is trading nicely above the $18.00 resistance.
  • BCH price is holding the $220 support and it could rise above the $235 resistance area.
  • Tron (TRX) price is up around 4% and it is gaining pace above the $0.0162 resistance.

The crypto market cap and bitcoin (BTC) are holding important supports. Ethereum (ETH), binance coin (BNB), ripple, BCH, tron (TRX), litecoin and EOS might climb higher.

Bitcoin Cash Price Analysis

In the past few hours, there were mostly range moves in BCH price above the $215 support against the US Dollar. The BCH/USD pair is slowly rising and it is trading near the $225 level. On the upside, a clear break above the $235 and $240 resistance levels is needed for more upsides in the near term.

Conversely, a downside break below the $215 support area might push the price towards the $205 support area or the $200 pivot level.

Binance Coin (BNB), EOS, Tron (TRX) Price Analysis

EOS price is trading nicely above the $3.050 and $3.000 support levels. The price is showing positive signs above $3.100 and it could soon test the $3.200 and $3.250 levels. The main resistance on the upside for the bulls is near the $3.300 level.

Tron price remained in a positive zone and it recently settled above the $0.0160 resistance level. TRX price is currently up around 4% and it is trading nicely above the $0.0162 level. The next key resistance on the upside is near the $0.0165 level.

Tron price remained in a positive zone and it recently settled above the $0.0160 resistance level. TRX price is currently up around 4% and it is trading nicely above the $0.0162 level. The next key resistance on the upside is near the $0.0165 level.

Binance coin (BNB) performed really well in the past two days and broke a few important resistances near the $7.50 level. BNB price even broke the $18.00 level and it is currently trading near the $18.20 level. On the upside, an immediate resistance is near the $18.50 level, above which it could test the $18.75 and $18.80 resistances.

Bitcoin Crypto Market Altcoins ETH XRP EOS BNB TRX ADA LTC

Looking at the total cryptocurrency market cap 4-hours chart, there was a spike towards the $230.0B level. It seems like the market cap failed to gain pace above the $225.0B resistance area. It is currently correcting lower below $220.0B, but holding an important support near the $210.0B level and the 100 SMA. If there is a downside break, the market cap could revisit the $200.0B support. If not, there could be a fresh increase in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX in the near term.

Source:newsbtc

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UNICEF’s crypto fund shows Bitcoin is accepted as financial asset

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Bitcoin, the king coin with a market share of 66.8 percent, continues to be the market mover as it attracts more sectors. This time around, the news broke from UNICEF as the agency announced that it would be accepting the largest cryptocurrency along with Ethereum for donation with the launch of UNICEF Cryptocurrency Fund. Moreover, the agency will not be converting the crypto donations to fiat, rather will be held and distributed in crypto.

The announcement read,

“In a first for United Nations organizations, UNICEF will use cryptocurrecy fund open source technology benefiting children and young people around the world.”

Michael Novogratz, founder and CEO of Galaxy Digital, spoke about the United Nations agency accepting cryptocurrency, in an interview with CNN. He stated that this shows that more people have started to accept “Bitcoin as a financial asset.” The Bitcoin proponent also pointed that contrary to UNICEF’s crypto fund, there were some charities that accepted Bitcoin, but would later see it for fiat mainly because “they’re more conservative.”

Subsequently, Novogratz also brought up Yale’s venture into the cryptocurrency space toward the end of 2018. The second-largest endowment in higher education backed a multi-million dollar crypto-fund, Paradigm by helping it raise $400 million. He said,

“[…] usually where Yale goes all the rest of the endowments follow. They’ve made investments in Bitcoin. Yale, Harvard and Standford have all invested and ventured funds that own bitcoin and venture properties in the space.”

This was followed by Novogratz speaking about the diversity of the cryptocurrency market and communities, and the on-and-off brawl between communities on social media platforms. To him, Bitcoin is the only cryptocurrency that has “a store of value lane.” He went on to say that Gold, which has a $9 trillion market cap, has value because “we say it’s valuable,” whereas the rest of the elements in the periodic table has value because of its use-case. He said,

“I think Bitcoin is going to be valuable just because we say it’s valuable but the rest of the cryptocurrencies are going to need to be used and it’s going to take a while for those economies to develop right? We had a bubble they all went up because they were all the next bitcoin in fact they are all not the next Bitcoin.”

Novogratz added,

“It doesn’t mean the Ethereum project isn’t an awesome project. In three or four or five years, it could be a spectacular project. It might have a huge amount of value but it’s not going to get the value the same Bitcoin does “

Source:ambcrypto

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