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Bitcoin, Ethereum and Other Altcoins Make Their Way to Hollywood

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Bitcoin, Ethereum and Litecoin will be some of the stars on this new TV series called Cryptos. The latest project of “Entourage” star Kevin Connolly will be working both on-screen and off-screen.

Cryptocurrency Makes Its Way Into Television

Previously, I had mentioned how Snapchat launched its own show by the name of Kappa, Delta, Crypto, which by the way is still running and you can subscribe to it and watch it on the go.

But this is even bigger as Kevin Connolly, former Entourage star, has decided to launch a new TV show all based on cryptocurrency. In a conference n Miami he explained:

The thing that scares people about crypto is a lack of understanding. People like myself are still learning, but the curiosity is there.”

He also said that he be both, the actor and director. The show is still in its developmental stages.

A Show about Average Investor in Cryptocurrency

The story is kept quite simple so people could easily understand it. From all the information we were able to gather, we, right now, only know basic details of it. The TV show page on IMDB says that it will be a comedy show and is set to be released somewhere in 2019.

However, the official site explains it in bit more detail and tells us that it is based on five friends who are fighting in the highly competitive movie industry to finance their film. Demotivated by the lack of response from traditional funding sources they turn to the blockchain ecosystem. They make a decentralized film and disrupt the filming system by challenging it.

A Project of Crypto Enthusiasts

There is no surprise that this project is backed by crypto enthusiasts and it should be. If you aren’t supporting your own community then who will? The two producers backing this TV series are Jason King and Erik Sords.

King is the co-founder of the Academy School of Blockchain, an institution which is used as a token launch to raise funds. He is also the co-founder of two of the world’s first cryptocurrency-based charities.

Erik Sords, on the other hand, is an active participant of the cryptocurrency startup world. He is also the founder of Dionysia film studio in Los Angeles, “The worlds first decentralized global studio”, as he calls it.

For Connolly, it is a bit different. In  an interview with BREAKER magazine, he described it as:

These guys [Sords and King] want to bring [cryptocurrency] to the mainstream for the better of cryptocurrency. I’m just the filmmaker interested in telling cool stories and exploring cool characters. For me, it’s about relationships and friendships. That’s what people tune in to see.

The Verdict

“Cryptos” may be a turning point for the way society views cryptocurrencies. Hollywood has paid little attention to the blockchain phenomena and it is about time that they did because film and television are powerful mediums for popularizing new concepts.

Cryptos will be the true face of many investors who are not happy with the traditional system. Cryptos will be available on the most popular streaming sites such as Netflix and Amazon Prime. You can watch the amazing trailer on their website!

source:blockpublisher

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Cryptocurrencies price prediction: Bitcoin, Bitcoin Cash, Ethereum

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Bitcoin price analysis: BTC/USD completes first leg up to $10,700

Bitcoin has finally made a gigantic leap out of the range of uncertainty. The battle between the bears and the bulls at $10,200 – $10,435 had reached a stalemate during the weekend sessions. The momentum without a sense of direction while the bears stamped down their control limiting gains above $10,600.

At press time, we see Bitcoin having extended the gains above both the 50 Simple Moving Average (SMA) and the 50 SMA. The break above the hurdle at $10,700 finally completed the leg from $10,200. While the upside has stalled, the buyers are getting ready for the second leg above $11,000 and later $10,200.

Bitcoin

Bitcoin Cash failure to break above $360 during the trading sessions last week. This left a gap that the bears wasted no time exploring. BCH/USD bearish action trimmed the gains first below the moving averages. The tentative support around the 38.2% Fib retracement level taken between the last drop from a high of $358.16 to a low of $267.35 close to $300.

The negative volatility surged sending Bitcoin Cash briefly under $270. A low established at $267.35 allowed the rebound above $300. The battle to break the resistance at $330 is yet to be won. Instead, Bitcoin Cash is trading sideways in a narrow range between the confluence created by the 50% Fib level and the 50 Simple Moving Average (SMA) and $330 hurdle.

Bitcoin Cash

Ethereum hovers above $200 following a new week’s price action. The weekend session was particularly bullish for ETH. The bulls managed to escape the bear range between $180 and $190. This price action set the ground for the breakout above $200 on Monday.

At the time of writing, Ethereum bulls have control over the price. However, the momentum has stalled $202.43 following a 3.15% rise on the day. The 50 Simple Moving Average one-hour is expanding the gap above the 100 SMA one-hour as a key indicator that the buyers will win the confrontation with a break above $205 (seller congestion zone).

Ethereum

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Cardano Price Analysis: ADA Price Has Gained 1.31% in the Last 24 Hours

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Cardano has been able to yield a slight growth of 1.31% over the last 24 hours. With four major price variations, Cardano price touched as high as 0.047540 USD in this period. The coin is likely to follow a recovery path soon. By the end of 2019, ADA coin may experience a price rally. Let us discuss the current data of the coin now.

Current Statistics of Cardano

Cardano (ADA)17th August 03:18 UTC
Rank12th
ROI (Return on Investment)116.38%
Coin Circulation25,927,070,538 ADA
Market Cap1,216,627,881 USD
Value in USD0.046817 USD
Value in BTC0.00000453 BTC
24h Volume44,193,984 USD

ADA to USD Price Comparison

cardano price chart - 17 Aug 2019
ADA Price Chart By TradingView

Today, at the beginning of the day, Cardano price was trading at 0.0473 USD and it started weakening after that. By 05:50 UTC, it was being traded near 0.04447 USD, with a fall of 6.04%. It was, however, followed by a hike of 6.93%, which took the ADA coin to the highest point of the day at 0.047540 USD in just 9 hours and 17 minutes. This growth could not be sustained, and Cardano fell by 2.96% in the next seven and a half hours from 15:08 UTC. The last swing was a marginal recovery of 1.81%, and this took the Cardano price to 0.046964 USD

Cardano Price Prediction

ADA coin’s recent growth hints at the initiation of price recovery by the coin. However, the next couple of weeks may see marginal growth or stagnation. The details of the resistance and support levels are given below:

CardanoResistance & Support Levels
1st Resistance0.047964667 USD
2nd Resistance0.049088333 USD
3rd Resistance0.050640667 USD
1st Support Level0.045288667 USD
2nd Support Level0.043736333 USD
3rd Support Level0.042612667 USD

Source:cryptonewsz.

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Banks like Citi, JP Morgan, Goldman Sachs, BNP, HSBC will come to Bitcoin community for a bail out, claims Max Keiser

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Bitcoin’s falling prices for the past few days has alarmed the “recent introduced” masses across the globe, while tempting hodlers who believe “it’s never a bad time to invest in Bitcoin.” One such prominent Bitcoin advocate, Max Keiser, featured in a recent interview with Trade U to discuss the depreciating value of fiat and Bitcoin’s position to fill the void. Hinting at ongoing interest cuts and related market manipulations, Keiser stated,

“If you want to escape money, you only have two choices: One is gold, the other being Bitcoin.”

In this regard, he also highlighted every government’s race to acquire large reserves of gold, which also suggests the depreciating value of traditional currency. Moreover, the investor suggested that Bitcoin market will “stabilize” and eventually “transform from store of value to a medium of exchange.” What may come as a shock to the wider community, Keiser claimed,

“Altcoin market is never coming back. There’s nothing any of these coins can do that Bitcoin can’t do or won’t be able to do shortly.”

Although “no real use case” argument was put up against the altcoin ecosystem, Keiser banks on Bitcoin’s “unstoppable” nature to experience complete dominance during the next financial crash. Envisioning this future, he warned the traditional market and government agencies,

“Those banks like Citi Group, JP Morgan, Goldman Sachs, BNP or HSBC will come to the, Bitcoin community for a bail out. The Bitcoin community will consider it, but of course it would be done on our terms.”

Keiser also highlighted India’s ongoing crypto-ban notion as a “regretful” decision, while contrasting it with New Zealand’s move to allow crypto for tax and payments purposes. Based on the unknown number of Bitcoin reserves held by various nationalities, it is highly speculated that crypto’s mainstream adoption may redefine global power status for every country. As a result, officials have to soon embark a “now or never” situation that will embark a civilization that uses fiat currency as a vintage collection item.

Source:.fxstreet

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