Connect with us

crypto-

Stellar Lumens Price Analysis: SEPTEMBER 27, 2018 |

Published

on

Stellar Lumens Price Analysis

It appears likely that Stellar Foundation is keen on implementing Lightning Network (LN). LN is scaling solution and it’s in their road map. Since they have been unwavering with releases and hitting milestones, many expect them to launch LN on December 1.

On a weekly basis, Stellar Lumens prices are up 24 percent but still, XLM is struggling with sellers. However, as visible from the chart, XLM sellers are finding floors at 25 cents, the break out level. Like most coins, the last three days bear candlesticks are all characterized by long lower wicks.

Distinctively, prices are also trading inside Sep 23 high low cementing our bullish projection. Nevertheless, we suggest holding off trading until after prices are back above 25 cents. Thereafter, traders can ramp up with stops at 22 cents in line with prior Stella Lumens price analysis.

Advertisement

crypto-

Facebook Unexpectedly Plants Its Flag in Crypto-Friendly Switzerland

Published

on

By CCN: Facebook has reportedly set up a fintech company dubbed Libra Networks in Switzerland. The move clearly correlates with the social media giant’s Project Libra.

According to Reuters, the focus of the fintech is on the blockchain, payments, data analytics, and investing.

Libra Networks, which was registered in Geneva on May 2, will provide financial and technology services. Also in its wheelhouse will be developing related hardware and software.

ANOTHER SECRET MOVE

Famed investor Michael Novogratz recently called Project Libra “stunningly important” to the crypto space.

Given Facebook’s history of boasting about its projects, you’d think it would be bragging about Project Libra. That’s not the case. The Switzerland move was done with no fanfare such as company press releases or blog posts. This seems to be the way Facebook has chosen to roll out its Project Libra.

It’s keeping close to the chest even where the project will be launched. In December, it hinted at plans to set up shop in India. Early reports suggest Zuckerberg’s cryptocurrency will facilitate overseas remittance payments for Indian WhatsApp users.

CURIOSITY GROWS 

Facebook launched Project Libra more than a year ago to allow money transfers between WhatsApp users. Over time, however, the scope of the project has expanded. That includes the decision to include e-commerce payments on Facebook and other websites as well as rewards for viewing ads, shopping online, and interacting with content.

When all is done, Facebook hopes to have a stablecoin that is pegged to the value of a local currency.

Switzerland has long been recognized as a leading hub of blockchain and cryptocurrency technology, with the Swiss town of Zug referred to as “Crypto Valley” throughout the world.

PRIVACY ISSUES HAUNT FACEBOOK

As Facebook was making arrangements for this Switzerland fintech, it was facing hiring problems on the domestic front. CCN reported that recruiters are complaining that it is increasingly harder to find talent for Facebook’s engineering jobs. Potential hires don’t like the myriad privacy issues that the social media platform has seemingly failed to get a handle on.

They’re taking their talents to other tech giants, like Amazon, Google, and Microsoft.

The project has also drawn scrutiny from U.S. lawmakers. They are concerned that Project Libra will be plagued by Facebook’s failure to adequately secure users’ data

Source.ccn

Continue Reading

crypto-

Well-known Ponzi scheme, Bitconnect is set for a relaunch on July 1

Published

on

It’s an interesting time in the crypto sphere. As the markets are setting new yearly highs and excitement builds around Bitcoin’s potential, news has begun circulating that someone is trying to revive BitConnect, a project best known for being a Ponzi scheme.

Bitconnect became one of the most hyped projects of 2017 after YouTube and Twitter personalities promoted the project to gain affiliate payouts. However, by 2018 it had become apparent that Bitconnect was a scam and a class action lawsuit was filed, followed by the arrest of the Asia head of Bitonnect.

As such, many were taken by surprise when Bitconnect 2.0 was announced late last year. While the website stated the infamous project would be relaunching soon, nothing of the sort has happened. However, as NullTX reports, an email has been doing the rounds which claims Bitconnect’s return is imminent. This is further corroborated by a tweet stating Bitcoinnect 2.0 will be officially launching on July 1, 2019.

A quick search on WHOIS reveals the domain name will expire this time next month, meaning the domain name will be taken offline before Bitconnect 2.0 even launches. Considering no one knows who’s in control of the domain, it’s going to be interesting to see how this plays out.

Source.chepicap

Continue Reading

crypto-

Medvedev: Crypto Regulations not a priority for Russia

Published

on

  • The  Russian government is not thinking of regulating the cryptocurrency markets.
  • Crypto trade may start again in the nation.

Many industries have been appealing the Russian government to formulate laws to operate the market for digital assets because of the regulatory uncertainty of cryptocurrency. It has become difficult for firms to do business. However, those people can do business in Russia anytime soon. Medvedev said in a legal conference in St Petersburg that formulating digital asset regulations “is no longer a priority for the state,” adding:

“Nowadays, the popularity of cryptocurrency has decreased, and regulatory issues may not be so relevant.”

However, Medvedev did not say that the lawmakers are entirely uninterested in cryptocurrencies. He noted that trading in the digital asset markets could go up again. If and when that happens, the regulators will renew their interest towards cryptocurrencies.

 

source:fxstreet

Continue Reading
Advertisement
Advertisement
Open

Close