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Updates For ETH, XLM, BTC and BCH As reported by the Daily Hodl, several things have come out of the industry this week including a new analysis on the Bitcoin and crypto market sell-off being published and the decision to choose Stellar over Ethereum. So here is a look at just a few of the stories breaking in the world of crypto. ETH & XLM First of all, let’s have a look at Ethereum and Stellar. The minds behind the popular messaging app, Kik came out with there native cryptocurrency, Kin says the platform will exclusively use the Stellar network over Ethereum. In the back end of last year, Kik launched its ICO on Ethereum where it then came to the decision to use Stellar and Ethereum together. This was prior to announcing it in a blog post that it will separate itself Ethereum completely: “At every stage, we’ve quickly learned and iterated to build the best infrastructure for the ecosystem. First, Kin was launched as an ERC20 token on the Ethereum blockchain for its robust decentralization. Then Kin moved to a hybrid solution utilizing both Ethereum and a custom fork of Stellar to incorporate feeless transactions and scale. Now, after working with the fork of Stellar, we will migrate all Kin to the Kin blockchain to simplify the technology and its connection to exchanges.” BTC & BCH Next, we’ll look into Bitcoin and Bitcoin Cash. Brian Kelly, the CEO of the crypto investment company BKCM has said that he believes the big Bitcoin and crypto market sell-off is short-term event triggered by the Bitcoin Cash hard fork, set to be in talks for today (15th November). “People are concerned that both Bitcoin and Bitcoin Cash markets – their networks might slow down. They might not work as well. That software upgrade might not go through or if it does go through, we’ll end up with some chaos. People started selling. That triggered stops. Everybody got concerned and that’s what happened today – the entire market sell-out. In my view – very short-term type of event. I think it’s probably an opportunity. In fact, we did some buying at my fund today.” Over the past day, the markets have seen a huge crash with Bitcoin going below $6,000 level and is currently priced at $5,506. The worst part is that it doesn’t seem like we’re not out of the woods just yet... What are your thoughts? Let us know what you think down in the comments below!

IOTA Makes Advances With Multinational Engineering Firm What has proclaimed itself as the digital currency for the Internet of Things, IOTA has made new friends with the likes of IAMPASS, Volkswagen, HIGH MOBILITY and many more. IOTA will now be implemented into all these platforms of innovative companies driven by data Bosch and carVertical. One of the first integrations that was announced is with Bosch, the multinational engineering and electronics giant that produces automotives components and industrial products. As reported by Invest In Blockchain, a recent blog post by Bosch outlines a new device connectivity method which is compatible with the IOTA marketplace as well as other things too, in order for real-time IoT data collection and sales. A snippet from the blog says: “The use of the innovative IOTA Tangle technology results in higher scalability and becomes faster and even more secure the more activity there is. It is, therefore, a serious transaction settlement and data transfer layer for the Internet of Things.” As well as this Bosch announced the news on Twitter that their development with IOTA is in the works. ‼️Connected devices & data drive the future of our world. A very promising development in this area is taking place right now! Find out what you need to know about the powerful combination of @iotatoken, @xkd2mam &  #BoschXDK in this blog article: https://t.co/FaGZtqEUd5 #IOTA pic.twitter.com/Bjg7RdKbYK — Bosch Connectivity (@Bosch_BCDS) November 12, 2018 The multinational engineering companies are strong believers in what IOTA is doing and setting out to accomplish by ensuring all data is valid and joint together via the Internet of Things. Bosch believes that in just two years time there will be over 20 billion interconnected devices and every device will be coming out with tonnes upon tonnes of data. Bosch has even said that “data is the oil of the future”. What are your thoughts? Let us know what you think down below in the comments!

IMF Head Lagarde’s Digital Currency Speech Illustrates Bitcoin’s Intrinsic Value IMF Managing Director Christine Lagarde caught some by surprise on Wednesday with her speech regarding the case for new, central bank-issued digital currencies at the Singapore Fintech Festival. During her speech, Lagarde outlined how digital currencies issued by central banks could help achieve three key public policy goals: financial inclusion, security and consumer protection, and privacy in payments. Although improved privacy was included as a potential benefit of these hypothetical digital currencies, Lagarde’s own comments regarding the level of anonymity likely to be offered by these central bank-issued tokens indicate they won’t be able to compete with bitcoin and other cryptocurrencies in this regard. “Semi-Anonymous” is Not Anonymous During her speech, Lagarde noted some of the legally-acceptable reasons as to why someone may desire more privacy in their online transactions such as the prevention of consumer tracking and avoiding exposure to hacking. However, she also made it clear that completely anonymous digital currencies are unlikely to be created by central banks. “Would central banks jump to the rescue and offer a fully anonymous digital currency? Certainly not. Doing so would be a bonanza for criminals,” said Lagarde. Lagarde’s recommendation of a backdoor for the “semi-anonymity” provided by these digital currencies became clear in another part of the speech. “When I purchase my pizza and beer, the supermarket, its bank, and marketers would not know who I am,” explained Lagarde. “The state might not either, at least by default. Anti-money laundering and terrorist financing controls would nevertheless run in the background. If a suspicion arose it would be possible to lift the veil of anonymity and investigate.” These sorts of backdoors are dismissed as bad ideas that undermine consumer security by most technologists, which is why the Institute of Electrical and Electronics Engineers (IEEE) came out against such practices earlier this year. This is Why Bitcoin Has Value Of course, these sorts of backdoors are not found in permissionless, open-source cryptocurrencies like bitcoin. While bitcoin is far from private today, the technology is moving in a more anonymous direction with advancements such as Confidential Transactions and ZeroLink — not to mention off-chain protocols such as the Lightning Network. Of course, privacy-focused altcoins, such as monero and zcash, already exist too. The IMF's @Lagarde favors crypto-currencies! But, don't think "Bitcoin." She wants government controlled cryptos to reduce your access to and use of cash. This is the real future: https://t.co/Gb4UCl0DrU — Jim Rickards (@JamesGRickards) November 14, 2018 The fact that central banks are unlikely to ever develop permissionless, anonymous forms of ecash is part of the reason bitcoin was created in the first place and part of what provides its intrinsic value. The sorts of backdoors Lagarde spoke about on Wednesday simply have no place in Bitcoin. Additionally, there are other types of backdoors, such as negative interest rates or account blacklisting, that central banks may want to include in their own digital creations. All of these potential backdoors point to there being value in a permissionless, open-source form of digital money like bitcoin.

Ripple Teams Up With One Of The Biggest Banks In Asia One of the biggest banks in Asia has just teamed up with RippleNet. CIMB Group is the fifth biggest bank in the ten-nation Association of Southeast Asian Nations, will use Ripple’s network of banks and financial institutions to power instant cross-border payments. It’s worth noting that we are not financial advisors and this is not financial advice. Do your own investments based on your own research and remember to always trade safely. As reported by Ripple, CIMB Group is one of the first banks to leverage blockchain technology in a region where payments have been known to be slow and efficient. They continue to say: “Ripple’s blockchain-based solution has been deployed to enhance CIMB’s proprietary remittance product called SpeedSend. This service allows customers to send and receive money with direct account crediting and instant cash collection. The enhancement improves their access to cross-border remittances across the globe — both inbound into ASEAN and outbound to other countries. It is already enabling remittances to corridors such as Australia, USA, UK and Hong Kong.” Zafrul Aziz, The CEO of CIMB believes that Ripple’s technology will basically change the way cross-border payments are made. “This innovative blockchain solution will revolutionize international cross-border remittances, and is a testament to CIMB’s ongoing efforts to enhance its digital banking proposition by providing speedy and cost-efficient solutions to our customers across ASEAN.” Recent data which has been published remittances to Southeast Asia are projected reach $120 billion in 2018. The network for the banking giant stretches over fifteen countries, with over 13 million customers and around 850 branches. As reported by the Daily Hodl, in late October this year, the Department of Financial Services in New York gave a green light for XRP, Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Ethereum Classic on to go onto the platform which is designed to help bring Wall Street investors with deep pockets into the digital currency market. If we look at the markets today we are only seeing the colour red! At the current time of writing the markets are in a massive slump with XRP being priced at $0.46 following an 8.32 percent decrease over the past 24 hours. What are your thoughts? what could this mean for Ripple? Let us know what you think down below in the comments!  

Today Is The Day - A New Bitcoin Cash Fork, Incoming Today, the Bitcoin Cash network is about to commit to a contentious fork and several users of Bitcoin Cash have been wondering what to do with their funds before the consensus changes. In order to address some questions concerning the looming fork. Preparing for the fork Every now and then, digital currencies like Bitcoin will fork and most of the time, upgrades are usually quite smooth. But this is only most of the time. On the other hand, you have some changes in consensus which can cause controversy and ultimately lead to a blockchain split. Currently, at the moment the Bitcoin Cash fork has been in planning for today but is in dispute and the two development teams behind the crypto (Bitcoin ABC and Bitcoin SV) have yet to come to an agreement. It’s worth noting that Bitcoin Cash forks twice a year. Following the announcement regarding the fork on social media and digital currency forums, several newcomers have asked if they should prepare for the consensus change - especially since the result could be a split. There are lots of options available for people who possess Bitcoin Cash but in the end, the decision will ultimately change with every organisation and each individual. There are several long-term digital currency enthusiasts who have already experienced a number of disputed changes to consensus, specifically ones which have led to splits in the blockchain will most likely inform you to just sit and wait. As said by Bitcoin.com: “Nobody truly knows the outcome, so basically, the “sit and wait” method doesn’t take much effort. However, there are a couple of things to think about. For example, if you use a noncustodial wallet that gives you the ability to possess your own keys, whether it be a 12-24 word mnemonic phrase or a file, then the “sit and wait” process is considered a safe method by experienced crypto-enthusiasts.” In the end, what will happen, will happen and your current funds, including your future split coins, will sit and wait while simply hold on. Even if you don’t use the noncustodial wallet to keep your Bitcoin Cash then you can still do the sit and wait method with an exchange. You would most likely do this if you trust your service provider to keep on top of the consensus change effectively. Most people stick to the ideology that if you don’t hold your keys you don’t own your assets but some people will still hold their funds on exchanges despite others mindsets. The integrity of this, however, can be questioned. What are your thoughts? Let us know what you think down below in the comments!

Ripple (XRP) Primed For A Slingshot Effect In The Near Future Ripple (XRP) is primed for a slingshot effect in the weeks to come. The above daily chart for XRP/USD shows that the last time the Bollinger Band Width dropped near the current level, it lead to a sling shot effect. This means that the price retraced a bit and then shot up in the opposite direction with enormous strength. If we compare the BBW profile between November and December of 2017 with that of November and December of 2018, we can see a strong similarity. The BBW indicator is following in the same path as it did back in 2017 between November and December before the ultimate bull run. The price is likely to continue to climb towards the third quarter of the month. After that, it is expected to retrace and then shoot back up. The expected timeline for this slingshot effect is between November 03, 2018 and December 01, 2018. This means that we should be able to see the beginning of a strong rally in Ripple (XRP) towards the beginning of 2019. This makes sense when you consider that most of the technical indicators at this point already favor such a rally. The price of Ripple (XRP) has been trying to defy the gravitational pull of Bitcoin (BTC) to follow its own trajectory. However, it had to retrace soon to revolve around Bitcoin (BTC) once again. Still, XRP/USD is in a far better position compared to most coins. It is well above its bottom and has not retraced as much as most analysts expected. Chart for XRP/USD (1W) The interest in Ripple (XRP) is real. A lot of people believe that this cryptocurrency is headed for mainstream adoption. The belief stems primarily from two strong factors: Ripple (XRP)’s high speed and low transaction cost. These are the qualities anyone would like to see in any bank or financial institutions they use for their day to day needs. The companies using Ripple (XRP)’s xRapid solution have been successful at cutting down on transaction time and cost. Bank to bank transactions between different countries take 3 to 4 days usually as banks have to comply with a ton of regulations and then they have to arrange for funds to be paid to the recipient. With Ripple (XRP), the whole process takes a few minutes at most. Ripple (XRP)’s qualities make it the best suited cryptocurrency for online transactions. If you want to buy or sell something online, the best way to do that would be with Ripple’s XRP. The reasons are pretty straightforward. The transaction time is less, which means payments are sent or received faster. The transaction costs are very low which could save merchants a lot. A buyer or seller can easily trade XRP for other assets. Supporting Ripple (XRP) is not the same as supporting fiat. If you are a merchant, you can accept payments in XRP and then convert them to Bitcoin (BTC) if you do not like fiat currencies.

Here’s Why Bitcoin Cash’s Low Transaction Fees Don’t Matter Note: This article is using bitcoin cash as an example, but these points can also be applied to other altcoins focused on low transaction fees. Bitcoin Cash (Bitcash) started as a spinoff of the Bitcoin network with the intent to increase the block size limit in an effort to allow on-chain transactions to be processed in a much cheaper fashion. Other coins, such as Litecoin and Dogecoin, have also had a focus on low-cost, on-chain transactions, but Bitcash was an attempt to bring this functionality to existing Bitcoin users. As it turns out, the market (for now at least) isn’t much interested in low-fee transactions when they are attached to a newly-created cryptocurrency, so there may not be much room for the bitcoin cash altcoin to grow in this particular niche. Lack of Liquidity and Price Stability For one, bitcoin cash does not have anywhere near the liquidity and price stability of bitcoin. This is clear when looking at the relevant data points, such as exchange-traded volume, on-chain transaction volume, and the volatility of daily returns. In other words, it’s easier to exchange bitcoin without encountering slippage, more people are willing to accept bitcoin for transactions, and bitcoin’s price (while volatile in its own right) doesn’t move as wildly as bitcoin cash’s. Low fees sound nice at first, but the issue is no one wants to hold bitcoin cash, which means no one has it available to make a transaction within the first place. Bitcoin is currently processing more than ten times as many transactions per day as Bitcoin Cash, and that number is understated due to the increased use of transaction batching on the Bitcoin blockchain. Transaction activity on Bitcoin Cash is more comparable to the level of activity found on the Dogecoin and Litecoin networks. On-chain Transactions vs the Lightning Network Bitcoin and Bitcoin Cash effectively deal with the problem of high transaction fees in two different ways. Bitcoin uses the Lightning Network, which effectively allows for transaction batching in a decentralized manner and enables instant, practically-free payments (if all goes according to plan). The batching of transactions also allows the cost of operating a full node to remain low, which protects the permissionless and incorruptible nature of the network. With Bitcoin Cash, the idea is to rely more heavily on on-chain transactions that will need to be placed into the blockchain and stored forever. If more on-chain transactions are going to be encouraged on the Bitcoin Cash network, then the cost of operating a full node may become prohibitively expensive for some due to the need to store and process more data (that is, if it becomes a popular cryptocurrency network). A keynote on this point is that Bitcoin’s Lightning Network is still in the early stages of being rolled out on top of the Bitcoin network. There are tradeoffs with on-chain vs lightning-powered transactions for day-to-day payments, but it appears that the market is currently betting that the Lightning Network will be the proper solution over the long term. At the end of the day, it’s also true that not many people have made the move over to bitcoin cash simply because low fees don’t matter when store of value is still the overwhelmingly most popular use case of public blockchains.

Ripple (XRP) Finally Climbs Above 50 Week EMA Ripple (XRP) has formally entered a new cycle by climbing above the 50 Week EMA. The XRP/BTC weekly chart shows that Ripple (XRP) is all set to print its four weeks of long candles that could take the price to a new all time high. This time, the green candles in succession might see a red candle in the middle but that does not mean that the price may not reach a new all time high. The reason the price could see a red candle in the middle of a series of long green candles is that the RSI is already nearing overbought levels while the price has not moved in the same way as expected during a Ripple (XRP) cycle. The past few weeks have been tough for Ripple (XRP) investors as Ripple (XRP)’s lawsuit over its security status keeps haunting XRP holders like a Frankenstein. It has become something that Ripple (XRP) can neither spit nor swallow. Here’s the thing. Ripple (XRP) fails the Howey test just like a ton of other cryptocurrencies would when you put them to it. The Howey test used to determine whether something is a security or not has two straightforward clauses. The first clause states that it should be a transaction of money. The second clause states that the investor intends to profit off rising value of the asset bought. So, if you are XRP buyers, both of these apply to you. You bought XRP with money and you are holding XRP because you think at some point you might be able to sell it for a profit. These are two straightforward clauses that would apply to most cryptocurrencies. However, there is a third clause that applies only to certain cryptocurrencies like Ripple (XRP). It states that there should be a central body directly in charge of the investment. In other words, the value of your XRP tokens would depend on their actions. In this case, it is Ripple (the company). If they sign more partners and get more people to use XRP, you can expect those actions to impact the price of XRP. Now, we do not know for sure where this lawsuit is headed but Ripple (the company) is trying hard to push the case to Federal Court as they believe they have a higher chance of winning there. Howey vs. United States has served as an important precedent in most legal proceedings throughout history. Chart for XRP/USD (1W) However, there is no doubt that cryptocurrencies like Ripple (XRP) need to be dealt with through more sophisticated laws and regulations instead of applying the old Howey test to it. This is because tokens are a whole new asset class which does not guarantee a stake in the company whereas buying stocks mean buying shares of a company. So, if both are different things, then maybe we need different laws and regulations for both. Cryptocurrencies like Ripple (XRP) would definitely benefit from regulation. Ripple CEO, Brad Garlinghouse has stated many a time that Ripple welcomes regulation. However, that regulation should be aimed at enabling the cryptocurrency market to grow rather than creating impediments for innovative projects.

Binance Aims To Inspire Institutional Investment Digital currencies need to head into the next stage of maturity. For service providers, this means attracting additional institutional investors. Binance is the latest firm to target this particular group. New services are being developed to make sure that professional investors can enter with confidence. This year has been an interesting one for Binance. The world’s leading digital currency exchange continues to make inroads in many ways. Its venture into Uganda has been well-documented this year. There is also the move to Malta in search of more favourable regulatory measures. In many instances, the island of Malta is seen as the most open-minded regarding digital currencies and blockchain technology. In new news, Binance wants to look after professional investors. The firm is currently developing new services for institutional-grade speculators and investors. This is similar to other companies constant mission to focus on security and reliability. Institutional investors are a crucial demographic for the space and there are several firms which look to spearhead into this market over the next few years. Working on several projects has given Binance the means to gain a competitive edge on the others. Some of the up and coming features have been mentioned in a new report. Support for sub-accounts is one of the more noteworthy changes being introduced, any transfer between sub-accounts will take place without paying fees. Essentially, this should improve the quality of life improvements which can be vital to institutional traders. Given this volume of crypto-related ventures focusing on institutional traders. Binance will be looking at a tough time. At the time of writing, not many of these drivers have been successful even the Bitcoin futures products don’t seem to be making much of an impact that the people expected. Neither is the industry any closer to receiving the almighty Bitcoin ETF. As reported by Live Bitcoin News: “With the help of Binance, however, things may look very different. The company is making a lot of strategic decisions which seem to work out well. Its new strategic analysis division has already gained some attention. Moreover, the firm continues to expand globally at an aggressive pace. Singapore is the next region of keen interest to the company. With the help of Vertex Ventures, a new fiat-to-crypto trading platform will be established.” What are your thoughts? Let us know what you think down below in the comments!

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XRP Shows Big Promise For Year End The third biggest cryptocurrency in the space, XRP is still seeing price gains whereas the other coins and tokens seem to have been recording drops or just a few marginal gains. If look to Ethereum for example, the second biggest cryptocurrency is down by 1%. If this trend continues, with Ethereum dropping and XRP gaining, we could soon see XRP take the silver medal. Prior to this, despite XRP overtaking Ethereum in the past, the move was only temporary and Ethereum took the position back in just a few hours. On the same day, the CEO of Ripple, Brad Garlinghouse has spoken out regarding Ripple’s success. Talking about the company with Bloomberg in a recent interview, Garlinghouse noted that XRP is a thousand times faster and cheaper than Bitcoin. During the interview, the CEO made it clear that Bitcoin is weak in comparison to XRP which has a lot of potential. Garlinghouse also spoke about how Ripple is on the verge to take over as the main international payments processor, taking out the majority of banks and one of it's greatest competitor - SWIFT. Nevertheless, Ripple isn’t perfect and with overshadowing worries, Ripple still isn’t a safe option. Currently, the firm is battling a lawsuit that might see XRP classified as a security. If the court ends up ruling XRP as a security, this could see the token fall, and hard. Over the past couple of days, there has been a twist in the tale as court documents have confirmed that Ripple has filed to have the case moved to a federal level. According to recent reports, this is a tactical move that will allow the company to prove that XRP is both a token and not a token. Several analysts and Ripple themselves are positive that the lawsuit will be dropped and XRP will remain the way it is. As reported by ZyCrypto, it is expected that the bulls will continue to push on prices with more pressure being applied whenever XRP comes close to overtake Ethereum. A repeat of what has happened twice this year is just a step away so maybe the third time will the final time? In fact, this time XRP might just solidify itself to its place in the market. What are your thoughts? Let us know what you think down below in the comments!

Ethereums New Protocol Shows Great Promise On the 2nd November, the protocol Uniswap came onto the Ethereum network and it serves as an automated token exchange, comprised of a series of ETH to ERC20 in order to give users the ability to easily swap their ERC20 tokens. There is one contract for each ERC20 token and if a contract doesn’t exist for a certain asset then anyone will be able to create one using the Uniswap factory. The protocol was designed with the idea of simplicity in mind and eliminates unnecessary middlemen which allow for a simpler and quicker exchange. It’s an open-source public good for the Ethereum community without an associated token. It’s also free to list any token on the platform and no one is given any special treatment, early investors, developers included. In fact, the project is committed to being an accessible resource for traders and liquidity providers. According to the Uniswap Docs: “Designed with simplicity in mind the Uniswap protocol provides an interface for seamless exchange of ERC20 tokens on Ethereum. By eliminating unnecessary forms of rent extraction and middlemen it allows faster, more efficient exchange. Where it makes tradeoffs, decentralization, censorship resistance, and security are prioritized. Uniswap is open source and functions as a public good. There is no central token or platform fee. No special treatment is given to early investors, adopters, or developers. Token listing is open and free. All smart contract functions are public and all upgrades are opt-in.” The new protocol has been compared to Bancor by a few users on Twitter. Nevertheless, the creator of Uniswap, Hayden Adams has stated that the platform was different in that tokens are joint up with Ethereum and not a specific protocol’s native digital currency such as Bancor with BNT. in addition to this, Adams said that the formula is gas efficient, and, easier to use. Another user on Twitter compared the platform to 0x despite Adams saying Uniswap being an alternate approach to swapping that is more decentralised and censorship-resistant. Overall, followers did seem to be excited about the launch of the protocol. As reported by ETH News, if we look back to August, the project was awarded a hundred thousand dollars during the third wave of the Ethereum Foundation grants. They were under the category ‘building for the end user’ and the funds have basically helped this protocol to become a reality. What are your thoughts? Let us know what you think down below in the comments!

TRON TRX Gets Listed On Two New Exchanges TRON is a well-known blockchain powered content delivery, storage and streaming platform and it has begun to make headlines once again. The native currency of TRON Foundation is the digital asset token TRX which has just made a new listing on the crypto exchange, Blockport. In addition to this, the desktop application, Scatter is also going to be supporting the crypto token. As reported by Koinalert, the TRON Foundation is seeing some good things this week and recently, TRON has been flooded with a million transactions on a daily basis on its blockchain network. On top of this, TRON it also listed on several crypto exchanges in Turkey and the United Kingdom. The founder and Chief executive officer of the TRON Foundation, Justin Sun also discussed this. He said that even though Ethereum is one of the biggest and most prominent digital currencies, it would never be able to match TRON’s daily transactions number. For Blockport, they made the official announcement on Twitter saying: “We’re excited to announce the listing of @Tronfoundation on our trading platform! Blockport users can now buy and sell Tron’s token, $TRX, directly through our Euro gateway. #BPT #tronfoundation #TRX” This will make TRON the tenth crypto to get listed on the platform. In terms of Scatter, the founder of the TRON Foundation announced on Twitter saying: #TRX is now supported by @Get_Scatter, a secure multi-blockchain signature, identity and reputation desktop application. #TRON $TRX pic.twitter.com/xjSkpa0BRs — Justin Sun (@justinsuntron) November 13, 2018 Scatter also tweeted the same thing, confirming that they will be supporting the token. For those that don’t know, Scatter is several secure blockchain signatures, identity and reputation desktop application. In addition, it makes it easier to manage digital signatures of transactions on the blockchain. The company claims that this is a one of a kind system. What are your thoughts? Let us know what you think down below in the comments!

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What is NeoWorld? The Latest Project To Hit TRON The blockchain based massively multiplayer online game, NeoWorld is teaming up with the TRON Foundation which was recently announced. With this announcement comes the addition of TRON’s very own building within a virtual world but questions as to what the TRX, TRON’s currency alongside the game’s own token, NeoWorld Cash, also known as NASH. What is NeoWorld? According to the NeoWorld website: “NeoWorld is a multiplayer online virtual world that runs on blockchain. Here in the 3D virtual environment, players explore new frontiers, create skylines, pursue careers and build wealth, legends and legacies from scratch, just like in the real world.” On the projects white paper it says that "NASH is an Ethereum token based on ERC223 standards and compatible with ERC20 standards." Prices within the game also seem to be subject to change according to the demand in the market. This was something that team being NeoWorld have said that they haven’t had any influence or control over based on the design of the mechanism of the game on the blockchain. As discussed by ETH News, the main players will earn NASH by taking part in projects which require collaborative work such as helping build up a theatre where actors can perform or other services within a building that has already completed. Players can also buy NASH from crypto exchanges or from other players. Then you will be able to use NASH to buy more land or improve the land that the players are the owner of. Another approach is being able to "lock up a portion of their NASH for a period of time to increase the attributes of their land, facilities and avatars." It hasn’t been announced if players will be able to TRX as an actual currency in the MMO but the reveal might happen the future. Saying that, the white paper does say NASH is the only currency in NeoWorld so currently players can perform tasks within the TRON building, however, they will only be rewarded with NASH upon completion. The news of the TRON partnership is joint up with the reveal of the game’s first expansion of land which is called Exclusive Island. This follows on from the latest update for the game which is detailed in the developer’s blog and includes avatar fatigue and pleasure levels which impact what jobs can be done and which ones can’t. What are your thoughts? Will you be trying out NetWorld? Let us know what you think down below in the comments!  

Economist Explains The State Of Bitcoin Bitcoin is a currency which is unpredictable. In fact, the crypto market as a whole is volatile and subject change on an hourly basis, so, there’s no way of knowing what will happen tomorrow, the day after that and so on. This is why cryptocurrency investment is so risky When it was initially created it was seen as one of the hardest currencies ever created - and maybe that is still true to this day - due to its finite supply which means it will always be a better store of value over time, Bitcoin economist Dr. Saifedean Ammous has suggested. The number one digital currency in the world has just over 20 million token overall and so when the miners uncover all of these coins then there won’t be any more to dig out of the blockchain. This fixed supply is why the coin has surged so much in ten years according to Ammous. In his new book, Ammous looks into the history of Bitcoin and where he sees it going in the future. The book is titled The Bitcoin Standard: Decentralised Alternative to Central Banking and is out now. The book goes into what Bitcoin has gone through, from its creation by Satoshi Nakamoto to “ten years later, and against all odds, this upstart autonomous decentralised software offers an unstoppable and globally-accessible hard money alternative to modern central banks”. In a recent interview with the Daily Express, Ammous says “Bitcoin is not the toy you want, it is the medicine you need.” Just so you know, we are not financial advisors and this is not financial advice. So, do your own research and make sure you trade safe. Ammous is one of the members of the Centre on Capitalism and Society at Columbia University and added that Bitcoin is here to stay and that is not optional. As the number of coins in circulation increases, the cryptocurrency becomes a ‘harder’ asset which gives Bitcoin a better store of value according to the Bitcoin economist. Bitcoin is now As reported by the Daily Express: “BTC has become a ‘monetary good’ because its value is ‘completely determined by people buying it and selling it’ rather than people producing it… what makes something worth using as money is once people put their wealth in it and start to use it as a store of value it is hard for others to simply increase the supply and bring the price down and make more if it.” What are your thoughts? Let us know what you think down below in the comments!

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Scammer Sentenced Over $1 Million LTC Scheme Considering several investors and traders might be seeing losses today, that hasn’t prevented regulators to bring criminals to justice. In the news recently, a leading financial regulator has brought a crypto-related criminal to justice after he stole $1 million in Bitcoin and Litecoin. On the 9th November, the US Commodity Futures Trading Commission published a press release which showed that it was sentencing an Arizona citizen to jail following affiliation with a Bitcoin and Litecoin related hoax. Prior to his crypto involvement, Kim worked for Consolidating Tradings digital currency division in the late months of last year. After he joined the Chicago based companies branch he was informed that the had to halt all trading through his personal accounts to mitigate conflicts of interest. Despite this, he failed to follow the bylaws and ended up in piles of debt on his account by reportedly issuing high-leverage trades on platforms such as Bitfinex and BitMex. In order to protect himself, he began to transfer Litecoin out of the firms wallet and initially issued a 980 transaction of Litecoin (during that time this was valued at $48,000) to an unauthorised account. Kim’s supervisor was made well aware of this suspicious transaction quickly and the now felon had made a bluff and claimed that he moved the funds to a personal digital wallet for reasons of safety. In addition to this, his Litecoin wallet was to be used as an intermediary holding space, a middleman of sorts. But, of course, this was not true and Kim later transacted 55 Bitcoins (worth $433,000 at the time) to an unauthorised wallet once more and he played it off by bluffing again and then stole over 280 Bitcoins overall. As reported by Ethereum World News: “Eventually, after losing a good portion of the 284 BTC to the ‘crypto gods’ and stealing $545,000 from other clients, he was caught by his supervisors and employers, who later took him to court to bring Kim to justice.” Kim’s punishment The Trading Commision, as well as the US District Court for Illinois, called for Kim to pay $1.1 million in restitution in fiat, not crypto to Consolidated and his customers. What are your thoughts? Let us know what you think down below in the comments!

Bitcoin (BTC) Remains In Strong Uptrend Despite Recent Sell Off Bitcoin (BTC) has held on to its uptrend despite the recent sell off which has once again instilled fear in the market. The bears have once again become louder in convincing amateur investors that a $3k bottom is coming and they need to get out of the market. A big move is about to come and some fear that if this move is to the downside, it may take BTC/USD down to $4,000 or lower. Fearing that, many of them are waiting on the sidelines although they do believe in the future prospects of Bitcoin (BTC). It is going to continue to look like the price can fall further till the very last moment when the price starts to shoot up. By then you may actually realize that you were wrong but it would be too late to buy. The only way to make a good return on investment in any market is to buy low and sell high. When the price is low, people are not going to be happy. The sentiment is always going to be negative when the price is low. If the sentiment is positive, it should be a cause for concern because you don’t want to buy when everyone thinks the price is going up. Similarly, you don’t want to sell when everyone and their cousin thinks the price is going down. This is called herd mentality. The majority of people lose money in financial markets because they trade on sentiment. You should definitely take sentiment into account for long term investments but then you have to look at the long term sentiment. The question to ask would be, “Do people believe in the long term potential of Bitcoin (BTC)?” Chart for BTC/USD (1D) Long term sentiment can be a very good indicator of future interest in market and where it is headed. However, short term sentiment can be very misleading. The mistake most people make when investing into Bitcoin (BTC) is that they forget what they are doing. You have to be very clear whether you want to invest for the next few days, weeks, months, years or even decades! If you are investing for the next five days, you are going to need a strategy that is completely different from the one you would need if you were investing for five years. So, most of the people waiting on the sidelines are thinking, “Let’s wait some more, the price may fall to $3k”, but they forget that they are in it for the long haul. If they were investing short term, they wouldn’t be waiting, they would be trading. A lot of people seem to think that they can time the market. They believe that for some reason they might be able to tell when exactly the market is going to turn and they also believe that they would be able to fill their bags when that happens. Most of us who have been in this market for long know that this is a very unreasonable approach. Investors with this type of mindset and approach to cryptocurrency investing often miss out on rallies. Later on, they FOMO in when everyone is buying which is usually very close to the top.  

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Huge Ripples Made by Cardano Foundation (ADA) Breaking news today comes straight from Charles Hoskinson, the CEO of IOHK normally, breaking news from specific cryptocurrencies will have an impact on value, however in this instance, this is not the case as the announcement refers to the structure of the team behind Cardano and ADA. So no, don’t get too excited, this isn’t the sort of news that will bring you a huge, instant return on your investment. Instead, this is the sort of news that will allow you to plan ahead for the future of your Cadano investments and of course, any potential investments that could be made by new investors in the future. In a video named ‘The Babylonian Captivity of Cardano has Ended’, Hoskinson announces the resignation of Michael Parsons, a blockchain advisor and the ex chairman of the Cardano Foundation. As a result of this announcement, IOHK, an overarching branch also owned and managed by Hoskinson will now be fully responsible for the Cardano Foundation and the ADA project, alongside Ken Kodama, the CEO of Emurgo, the second company now top of the ADA throne. According to Crypto Globe, Cardano will now be managed in a joint partnership between IOHK and Emurgo until 2020, when we expect a reshuffle to occur, though ownership of course will still remain in the hands of Hoskinson. What’s happened here? As stated, Hoskinson took to YouTube to make this announcement in order to inform the community that Parsons had stepped down. It’s no secret that this is something Hoskinson has been hoping will happen. As a matter of fact, not too long ago when Hoskinson demanded a full audit of the Cardano Foundation, Hoskinson and Kodama called for the resignation of Parsons, in a letter titled: ‘An open letter to the Cardano community from IOHK and Emurgo’. Here’s what Hoskinson has had to say: "Right around 3pm London time, in the UK, Michael Parsons met with Pascal Schmid, and his lawyers, and signed a resignation... And Pascal has filed that, and the Foundation, shortly thereafter, made the announcement that Michael Parsons will be stepping down from the Cardano Foundation effective immediately." The Cardano Foundation have had three clear points to make regarding this matter: "Michael Parsons, Chairman of the Foundation Council of the Cardano Foundation, has resigned with immediate effect. Pascal Schmid, Council Member, will take over as Chairman of the Foundation Council on an interim basis and the Foundation is working to supplement the Foundation Council with suitable persons as soon as possible." Why is this important? Firstly, it’s important that the Cardano community are aware of this as ultimately, they need to know who is in charge of the product they are putting their money into. Of course, this move by Hoskinson may pose some questions about the decentralisation of Cardano ADA, though this is a debate for another day as at the moment, it’s a very theoretical one. https://soundcloud.com/cryptodaily/huge-ripples-made-by-cardano-foundation-ada Within his announcement, Hoskinson makes it pretty clear why he believes this announcement is an important one, giving three clear justifications, in which he says: “The Foundation needs to restore its credibility and trust with you, the community. The Foundation needs to be a good citizen within the Swiss jurisdiction. It is a Swiss Foundation, and my belief is that it does need to make some investments in that jurisdiction, and build up its presence in that jurisdiction so it can continue to operate without disruption, and continue to operate as a viable effective entity within that ecosystem. The Foundation can take this recent crisis as an opportunity to reinvent itself and become a bastion of good governance... Emurgo, IOHK, and the remaining members of the Cardano Foundation will hopefully going to be able to work together, after the next one or two months of cleanup occur, to try to figure out a permanent form of governance for the Foundation." What do we make of this? It all seems very dramatic and to many, this could seem like a pointless piece of news. We won’t go into detail about Parsons as we need to remain impartial, but it is clear that there has been some disagreements within the upper levels of Cardano which has led to this assault by Hoskinson and Kodama. Of course, as the creator of the project, Hoskinson should have some say on what happens on a management level at Cardano, but again, this does interfere with the notion of decentralisation. Either way, it is great that Hoskinson has remained transparent and has been quick to inform the community about this change and about what will happen next with the project. Indeed, the future for Cardano ADA does look very bright, with Hoskinson behind the wheel, what’s the worst that could happen? Hoskinson has a responsibility to see this through with Kodama, at the very least as far as 2020. After this period, what should we expect to happen? Who knows, we can be certain that Hoskinson is in this for the long run and that hopefully, 2020 won’t bring with it any massive changes. Cardano and ADA looks great, it’s an exciting time to be involved but please remember that if this is something you wish to invest in, do your research first, and always trade safe.

Ethereum Classic (ETC): Hidden Bullish Divergence Hints At Trend Reversal Ethereum Classic (ETC) is on the verge of a trend reversal. There are two very strong indicators that confirm our view. The first indicator is the flattening of the price while trading along a parabolic trajectory. If we look at the above daily chart for ETC/USD, we can see right away that the price has been settling atop a curve (shown in yellow). The price has now reached the inflection point of that curve and is expected to begin a bullish cycle from here onwards. The second strong indicator that points to an imminent trend reversal is the hidden bullish divergence on the RSI for ETC/USD. For the past few weeks, the price has been forming lower highs but it has formed higher lows. After mid November, the price is expected to formally enter a bullish channel forming higher highs and higher lows till the end of the year. Even though ETC Dev recently postponed one of the most anticipated events for the year i.e. Ethereum Classic (ETC) becoming fully IOT compatible by November 30, the price has managed to hold steady so far. Some members of the Ethereum Classic (ETC) community did express their dismay over Ethereum Classic (ETC) postponing such a major event without prior announcements. However, many still believe that the team only delayed this because they do not want to deliver a half baked product. Igor Artamonov, the head of ETC Dev recently said on Reddit that this event was moved to 2019 somewhere in the beginning of this year. Chart for ETC/USD (1W) Ethereum Classic (ETC) team has done a wonderful job working on the tech side of things. They are very active trying to get Dapp developers onboard. They have recently launched ETC Labs to help entrepreneurs build useful products on Ethereum Classic (ETC). However, Ethereum Classic (ETC) still lags behind its competitors in terms of design, marketing and social outreach in a major way. The official twitter account for Ethereum Classic (ETC) is operated like a personal account with little to no regard for professional standards. It is true that Ethereum Classic (ETC) was previously stripped off marketing dollars and community support when the majority of developers and miners moved to the forked coin (ETH). Fortunately, Ethereum Classic (ETC) today is a lot bigger and better than what it used to be. It also has enough funding to put together teams for marketing, design, social outreach and such. Ethereum Classic (ETC) truly is one of the few blockchain projects that are going to be around 10 to 15 years from now. It is immutable, decentralized, open, fast, scalable and reliable. It also has one of the best minds in the industry behind it. If the Ethereum Classic (ETC) Teams put in the effort to promote the project in a way that its competitors like Lisk (LSK) or Ripple (XRP) do, there is every reason that a lot of smart minds in the industry would want to throw their weight behind this hidden gem of a project. 

Cryptocurrencies In The Red Following Attack From The Bears Today, the bear market has been in full action and not only hitting the big three cryptocurrencies but, the rest of the top 100 too. The bear movement has been straight as an arrow with tokens from Bitcoin heading downwards closing with some significant losses. BAT and Maker managed to avoid the bears for a short time but in the end, they seemed to fall under the bear's attack. The bear market has been hitting Ethereum for around two days now and Bitcoin even surprised traders yesterday as it even fell below the $6,300 mark for the second time this month. Trading volume also saw a drop of 0.30 percent, market cap totalled at $110.67 billion. Ethereum’s trading price seems to struggle when it came to stability which left investors very sceptical as it started to get a better grip on $207 for each Ethereum token, however, the odds are that it will lose this momentum and possibly make a comeback from the $150 to $190 resistance level. At the current time of writing, Ethereum is in the red by just under 6.5 percent and is priced at $195. Ripple’s outstanding performance yesterday didn’t last long either since the token lost over 2.09 percent and was trapped at $0.51 for a short period. Currently, the token is priced at $0.48 and is also in the red with a 7 percent decrease. If we look further down the top 100 to Litecoin, Cardano, Stellar, EOS and TRON we can see that they haven’t been spared the onslaught of the bears as they are all in the red too. In Litecoin’s case, it is priced at $48.30 after being in the red and having a decrease of 4.30 percent. For Cardano, ADA is also in the red and is down by 7 percent at the current time of writing and is priced at $0.07. Stellar is in the red with a 7 percent decrease too and is priced at $0.24. EOS is looking at an 8 percent drop and it is priced at $4.93 at the time of writing. The eleventh biggest currency in the market, TRON is down by 5.83 percent and is priced at $0.021. What are your thoughts? Will the market continue to decline or will we see a sudden surge anytime soon? Let us know what you think down in the comments below!

Tim Draper Stands Behind His $250,000 Bitcoin Price Prediction for 2022 About six months ago, venture capitalist Tim Draper predicted in a tweet that the bitcoin price would hit $250,000 in the year 2022. In the face of the 2018 bitcoin bear market, Draper is not backing down from his original claim. https://twitter.com/TimDraper/status/984854925552254977 In addition to sticking to his price prediction from earlier in the year, Draper also discussed bitcoin and cryptocurrency more generally at the recent Web Summit event in Lisbon alongside Blockchain CEO Peter Smith, Initialized Capital Managing Partner Garry Tan, and Fortune Senior Writer Jen Wieczner. Sticking to His Guns When Wieczner asked Draper whether he still thinks bitcoin will hit $250,000 by 2022, Draper’s first response was, “Of course!” The longtime venture capitalist explained his position and stated that there is $86 trillion worth of “political” currency that exists in the world today. https://www.youtube.com/watch?v=poMdExcVtvM  “We’re talking about getting to about five percent market share to get to $250,000,” said Draper. “That seems like a drop in the bucket. All we really need to do is to make sure bitcoin can be used to buy Starbucks coffee.” Draper did not cite a source for his claim that $86 trillion worth of “political” currency currently exists in the world, but a report by The Money Project from October 2017 put the global money supply at $90.4 trillion.. He added that consumers would be able to choose between a global currency or a currency that locks individuals into a single geographic area once bitcoin is easy enough for the average person to use. Garry Tan Agrees Tan echoed Draper’s thoughts and explained, “I love store of value. Store of value is the first and currently still the absolute best use case for cryptocurrency, but for me, it’s about medium of exchange . . . I want all goods and services to be transacted through a decentralized marketplace that gives power back to the consumer.” Near the end of the discussion, Tan would go on to back up Draper’s call for a $250,000 bitcoin price in 2022. All three panelists were asked to make a price prediction for next year, but Draper explained that he’s better at figuring out what will happen over four, five, or ten years rather than what’s to come in the immediate future. Having said that, Draper, Tan, and Smith all agreed the bitcoin price would be higher at this point next year when pushed to give an answer.

Why People Are Raving About Initiative Q Have you heard of Initiative Q, the new non-crypto digital currency? Around five months ago, Initiative Q launched to a select group of people, utilising an invite-only campaign that seemed to go viral. The project was designed Saar Wilf, a former employee of PayPal, who sold a transaction verification firm to the payment giant almost ten years ago. “The hook is simple”. The earlier on users register, the more free currency they receive known as Q’s. there are over two million people worldwide have signed up for the virtual currency and reports have emerged saying that there are over 100,000 users signing up on a daily basis. Wilf says that the referral campaign didn’t take much to find its feet. “We invited 200 people we knew, and they invited their friends. In the past few weeks, it’s started to get out to a pretty wide audience. There’s been a gradual process of growth and virality.” The ex PayPal employee teamed up with the economist Lawrence Wright and hopes that the people will start to welcome the currency with open arms and that it will soon have some real monetary value. The new payment platform isn’t based on blockchain or cryptocurrency and the firm’s website slightly mentions that it will use the best technological improvements that have been made in the payment industry over the previous decades to create something that is easy to use, flexible and not too expensive as a payment network. As reported by the Daily Hodl, the team at Initiative Q is a small one, in fact, it is only a team of eight people and with no actual currency in circulation or working product available to use at this time, the project has been called everything under the sun. There have been several different types of reactions to IQ, some have even classed as nothing less than a pyramid scheme. The President and CEO of Global Blockchain, Shidan Gouran explained: “The comparisons of Initiative Q to a pyramid scheme are spot-on, because that is exactly the way Initiative Q looks. They promise some kind of irresistibly lucrative payout, in exchange for what seems to be nominal consideration, with the first step being to recruit people who you know.” What are your thoughts? Let us know what you think down below in the comments!

Lisk (LSK) Reaches Rock Bottom, Presents Significant Upside Potential Lisk (LSK) is starting to become a soft target for crypto bears. Just a quick glance at the weekly LSK/USD chart shows how the bears have completely obliterated the bullish resolve. If this were happening on Wall Street, a lot of people would be watching Lisk (LSK) and trying to wrap their heads around the possible reasons for this extra bearish momentum. Most of the time, when something like this happens to a stock on the stock market it is either a newly emerging promising stock or a useless old dinosaur that investors are trying to get rid of. However, when something like this happens during bearish times to a cryptocurrency project that has strong fundamentals, it raises a lot more questions. If you are considering investing in Lisk (LSK), you might want to know what those reasons could be. If the reason a cryptocurrency is falling is because its team members or investors in the company are selling tokens, you do not want to look at any other reasons. This should be a deal breaker for you because if a team or its direct investors does not believe in the project, that project has no future potential. In the case of Lisk (LSK) we know that insiders seriously believe in their project and are not going to dump their tokens. Besides, the majority of tokens are owned by the general public not the team members. If the general public keeps dumping, that should not be a cause for concern because retail investors are generally wrong most of the time. They buy when they should sell and they sell when they should buy. Chart for LSK/BTC (1W) There are cryptocurrencies like ZCash (ZEC), Ethereum Classic (ETC) and Monero (XMR) which are also medium cap coins like Lisk (LSK) but one can short them on exchanges like Bitmex or Bitfinex. This means that investors can put extra bearish pressure on such coins. However, Lisk (LSK) has no such problem. It cannot be shorted on most exchanges. It can only be bought and sold and that too in very small amounts on exchanges considering the volume has almost dried up. So, the only plausible reason for this extra bearish behavior could be deliberate manipulation. Unlike Bitcoin (BTC) or Ethereum (ETH), you cannot buy Lisk (LSK) over the counter. So, if you are a whale and you really want Lisk (LSK), you have to buy it on exchanges. Now, how do you buy a coin on different exchanges without having other people follow your trail? The best way to do is to make that coin seem like a sh*tcoin. So, every time the rest of the market goes up 5%, you dump your Lisk (LSK) token on exchanges. If retail traders see this consistently over a certain period of time, they are convinced that the token they are holding (LSK) is definitely a sh*tcoin and that they would be better off buying something else. That is when those unsuspecting retail traders sell and the whale gladly picks up their coins.

NEM Up 30%, What’s Caused NEM To fly? NEM is rarely a headline breaking cryptocurrency, but after recent movements, the NEM project has paved its way to the front pages this week after embarking on a price rise in excess of 30% through the start of this week. As of Saturday, XEM recorded a value of around $0.093, yet by the early hours today, XEM had surpassed $0.12, seeing a price climb of just over 30% during this time. It’s an impressive climb, one that will see many investors very pleased given that this is the first major spike seen in the value of XEM since the mid-April market surge of 2018. Granted, XEM is a little way off surpassing it’s all time high value of $2.09, however what this does prove is that XEM still has the ability to climb. What this means then, is that when the markets do take a general upswing (in a bull run, probably led by Bitcoin) XEM will take advantage of this and will climb once again. Please do remember that this is not investment advice. If you choose to invest in XEM you should do so based on your own prior research. Cryptocurrency investment is risky, even when cryptos are flying high. Only invest what you can afford to lose and remember to trade safe. What exactly is NEM? Before we look into why XEM is flying high this week, we want to quickly explore the NEM project. Ranked 15th for market capitalisation, according to CoinMarketCap, XEM is quite often left hidden from the limelight, as stated earlier, it’s rare that we see NEM hit the headlines. With its native token, XEM, coming in at a ranking of 15 is no mean feat however, XEM is one of the largest cryptocurrencies around, therefore, more of us should be talking about it! https://soundcloud.com/cryptodaily/nem-up-30-whats-caused-nem-to-fly NEM is known as the smart asset blockchain, it uses blockchain technology to make the most of performance, scalability and speed. NEM is built on its own native blockchain, one that has been designed from the bottom up. It’s private and works via a very high speed consensus mechanism, maintained by the NEM supernode programme, this ensures transparency across the NEM network, whilst also ensuring that the network remains reliable and stable. According to the NEM website: “NEM’s architecture is designed for both simplicity and flexibility of development. The blockchain itself is supported by nodes running NEM-provided software that implements NEM’s feature set and unique consensus mechanism. This may either be the open, decentralized, self-supporting NEM public blockchain, or it may be a permissioned private NEM blockchain running on your own servers.” This is all managed by the NEM Foundation, a global group of people with a range of expertise that spans across the industry. Furthermore, according to NEM: “The NEM Foundation is endorsed by an international network, compiled of a wealth of experience in IT, entrepreneurship, business processes, trading, property and asset development, international management and academia. The business’ ethos is to provide NEM’s blockchain technology platform to enhance enterprise whilst being run by the people, for the people. NEM’s team provides this through an array of support and education, from training events and service providers to technical support for the ecosystem Our unique leadership approach sets a clear, rigorous course for an ever evolving influence growing in every business and region, at every level. As a result, our leadership team reflects a group of internationally diverse individuals with breadth and depth of experience across the foundation.” What is NEM for? All things considered, NEM is very much a multi-purpose blockchain with many different uses. The NEM Foundation claim that NEM has a potential use for every single industry, including government blockchains and even academic blockchains too. According to NEM: “NEM Blockchain technology has the potential to change the way every industry manages its information and data. The Foundation details the opportunities in every industry to effectively store transaction, customer, and supplier data in a transparent immutable ledger. Government organizations across the globe are exploring the use of blockchain technology to improve operations. The ability to record transactions on distributed ledgers offers new approaches for governments to improve transparency, prevent fraud, and establish trust. The Foundation is committed to work with Governments to further spread the use of NEM Blockchain Technology.” Finally: “Educational institutions can utilize the blockchain to store data around assessments, degrees, and transcripts, as well as verification of knowledge transfer between parties. The Foundation helps institutions to adopt NEM technology so they can enjoy the benefits of Blockchain technology.” Why is XEM flying high? So, as we stated earlier, XEM has seen incredible progression over the weekend and as a result, is flying very high at the moment. The reason for this is pretty clear - the XEM bull run has been inspired by the fact XEM has been re-listed on the hacked cryptocurrency exchange, Coincheck. In January 2018, Japanese cryptocurrency exchange Coincheck became the victim of a massive hack, which saw around $532 million worth of XEM stolen. As a result of this hack, Coincheck, in short, have been left to recover and rebuild their entire brand and system. Now, with the wheels back in motion at Coincheck, they have very recently announced the re-listing of XEM, which in turn seems to have inspired this recent NEM bull run. This was officially announced on the 12th of November by the official NEM Twitter account, which shared the official Coincheck announcement. With Coincheck now enabling the trading of XEM, the NEM project has seen a real boost, both in terms of the adoption of the XEM token and of course, the value of it too. It’s exciting news for NEM investors, though we must remember that while this has had a great impact on the market cap of XEM, we can’t expect this bull run to last forever. Correction will take hold and the value of XEM will start to slow back down. Even so though, we can’t deny that this few days have been pretty exciting for those investing in the NEM project.

$60 Million Worth Of LTC Processed For Less Than A Dollar In the cryptocurrency space, transaction fees are a big topic of conversation. Digital transactions are designed to be cheaper in comparison to bank wires. If you look at Litecoin, a massive $62 million transactions were just processed for just fifty cents. Over the past few years, there have been several cases of Bitcoin-related inquiries. Most of the concerns have something to do with the networks transaction fees. The average fee for sending Bitcoin is around $0.37 which is a big difference from the $25-$55 fees that we saw at the end of last year. But back to Litecoin. Fees have always stayed quite low with Litecoin even for big transactions such as a recent occurrence when one user transferred over $60 million worth of Litecoin for just fifty cents! Fees can be as high as $45 with a bank wire, in some cases even more. Due to the vast amount of money being moved around. This makes digital currencies a cheap and acceptable option for global money transfers in the internet age that we live in. As reported by Bitcoin News: “The transaction itself is part of moving the funds to a multisignature account. Wallet security is critical in the cryptocurrency industry. This “upgrade’ confirms the funds’ owner wants to keep the money safe at all times. With such low transaction fees, there is no reason not to explore additionally secure options.” Despite having numerous transactions inputs, the total costs didn’t exceed 45 cents. This is a positive sign of how efficient Litecoin can be when moving vast amounts of money over the network. How possible are cheap transactions? With this news in mind, several weeks a Bitcoin transaction which was worth over $190 million was processed for just ten cents. This makes Bitcoin more efficient than Litecoin in this context. Every transaction on this level only represents a snapshot of the actual transaction fees. If done right, money can be moved at nearly no extra cost. The right for cheaper transactions is still occurring and overall costs have dropped for all currencies, aside from Bitcoin Cash, in recent weeks. That is a bit surprising since Bitcoin Cash is often seen as the better Bitcoin. Its larger block sizes and faster transaction times What are your thoughts? Let us know what you think down below in the comments!

What The S&P 500 Tells Us About Bitcoin (BTC) Bitcoin (BTC) has been trading sideways these past few weeks but the S&P 500 has not. In fact, the stock market has had a very clear direction the whole time Bitcoin (BTC) was trading sideways. For a moment, investors and analysts believed that the stock market is likely to enter a long term bear trend when the SPX dropped below the 2700 level. However, we soon saw the price recover and climb back above that level. In fact, not only did the price climb back above 2700, it also managed to rally above the 21 Week EMA. This once again shifted the sentiment in favor of the bulls lending credibility to the notion that the correction was over. The past few weeks, the S&P 500 has once again dropped below the 21 Week EMA. If the price manages to close above the 2700 level, this entire development could be chalked up as an inverse head and shoulders formation. However, if the price closes below the 2700 level, which is quite unlikely, we may see further downside. In any case, what happens in the stock market has a strong impact on what happens with Bitcoin (BTC). If the S&P 500 does manage to form an inverse head and shoulders, we should see the price rally aggressively from current levels. Bitcoin (BTC) will profit off this rally and we might see a rise towards $10,000. The upcoming S&P 500 rally and Bitcoin (BTC)’s rally between November and December would vindicate our previous claim that Bitcoin (BTC) is likely to rally between October and December on account of seasonality. This time, as the stock market rallies, we would see a rally in Bitcoin (BTC) but this rally is most likely to be followed by a minor correction. That being said, 2019 will no doubt be the year that Bitcoin (BTC) can be expected to reach a new all time high. The price has bottomed out but investors are still reluctant to buy in as long as the situation with the stock market remains murky. The biggest fear most investors have is that they want to have capital at hand if things go out of hand with the stock market. Getting in and out of Bitcoin (BTC) is not as easy as stocks for institutional investors. Bitcoin (BTC) has bottomed out by every account. If we consider the price action as a standalone event, we can see that it is flattening out and preparing for a trend reversal. If we consider the price action as a mirror image of the price action in 2015, we reach the same conclusion. Back in 2015, during the final stages of correction, the price broke above the triangle and then found support along the previous resistance line, just like it has this time. If we look at the above BTC/USD daily chart, we can see that the price bounced strongly off the resistance turned support. In the weeks ahead, we should see Bitcoin (BTC) leaving this trend line to formally begin a new cycle, following in the footsteps of the S&P 500 as well as its own price action during 2015.

The Expansion Of The TRON Network TRON has achieved a new record on its network. TRON’s network has surpassed Bitcoin, Ethereum, Bitcoin Cash, and XRP in the sense of the number of transactions on a daily basis. Overall, these digital currencies just couldn’t reach the number of transactions that TRON handled on the 7th November. The last months of the year we have seen TRON massively expand. The co-founder of http://iamdecentralized.org/, Misha Lederman released information regarding this matter and it shows that TRON beat the top four digital currencies in combined daily transaction number. On the 7th November, transactions registered by these digital currencies included: ETH: 564,602 BTC: 293,604 XRP: 193,540 BCH: 22,252 This means that the total number of transactions was over 1,000,000. On the same day, TRON registered 1,183,155 transactions. What makes this noteworthy is that over the course of the next few days, transactions processed by the network continued to surge. The next day, November 8th, there were over 1,270,000 transactions of TRX. On the day after that, 9th November there were over 1,300,000 processed transactions of TRX by the TRON network. So, over the course the of two days the number of transfers saw growth of 20%. During the same time, the volume of addresses also seemed to grow as time goes on. On the 10th November, more than 10,500,000 wallets of TRX were registered. These are some big numbers and with TRON launching its mainnet back on June 25th. At this time, the network left Ethereum and became the biggest decentralised network in the market. Now, developers are free to build dApps on it. As reported by UTB: “TronPay Wallet, a Chrome extension, was launched on November 9, allowing TRX users to send and receive funds directly on Google Chrome. Justin Sun commented that it was built by the Tron community developer DAppPlay.” You can see Suns tweet here: Developed by #TRON community developer DAppPlay, TronPay Wallet was officially launched. TronPay is a Chrome extension wallet that supports the TRON network.Available in multiple languages, TronPay users can easily try out TRON #DApps. #TRX $TRX https://t.co/5atVjbFeCD — Justin Sun (@justinsuntron) November 9, 2018 What are your thoughts? Let us know what you think down below in the comments!