Ethereum (ETH) Price Analysis: Also Edging Higher?

Ethereum was previously trading inside a symmetrical triangle as it formed lower highs and higher lows. Price appears to have broken past the …

Ethereum was previously trading inside a symmetrical triangle as it formed lower highs and higher lows. Price appears to have broken past the resistance and is starting a new uptrend, which might last by the same height as the triangle.

In addition, an ascending channel can be drawn to connect the lows and highs so far this month. Price just bounced off the channel top and may be due for a test of support, which happens to line up with the former triangle resistance.

Stochastic is on the move down so ethereum could follow suit. RSI also reached overbought levels and is also heading south to show that sellers are regaining control. Stronger selling pressure might even lead to a break below the $225 area of interest and a resulting drop that’s the same height as the triangle.

The 100 SMA is below the longer-term 200 SMA for now to show that the path of least resistance is to the downside. This signals that the selloff is more likely to resume than to reverse. Then again, the gap between the two is narrowing to hint at a bullish crossover or further consolidation if the moving averages oscillate.

In an interview at the Ethereum San Fransisco meet, ethereum co-founder Buterin talked about the early days of the blockchain industry and its mainstream adoption, along with Coinbase CTO Balaji Srinivasan. Buterin spoke of his expanding vision for ethereum:

“It kind of slowly dawned on you know, probably both me and the Ethereum community that general purpose, blockchains, really are general purpose and really are usable for a much wider variety of things, than we thought blockchain should be used for, back in 2013.”

As for mainstream adoption, he cited:

“The big question is, basically are there going to be applications that actually do manage to use blockchains, and use blockchains kind of front and center in ways that, you know, reach very large numbers of people.”

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Litecoin Cash 24 Hour Volume Reaches $97787.00 (LCC)

Litecoin Cash (CURRENCY:LCC) traded 0.5% lower against the U.S. dollar during the 24 hour period ending at 20:00 PM E.T. on October 8th.

Litecoin Cash logoLitecoin Cash (CURRENCY:LCC) traded 0.5% lower against the U.S. dollar during the 24 hour period ending at 20:00 PM E.T. on October 8th. One Litecoin Cash coin can currently be bought for $0.0261 or 0.00000392 BTC on popular cryptocurrency exchanges including YoBit, CryptoBridge, Braziliex and Mercatox. During the last week, Litecoin Cash has traded 2.8% higher against the U.S. dollar. Litecoin Cash has a market cap of $15.40 million and $97,787.00 worth of Litecoin Cash was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Mixin (XIN) traded 1.8% lower against the dollar and now trades at $134.98 or 0.02027118 BTC.
  • Fusion (FSN) traded 0.5% higher against the dollar and now trades at $0.98 or 0.00014745 BTC.
  • Sakura Bloom (SKB) traded 10.8% lower against the dollar and now trades at $0.0045 or 0.00000068 BTC.
  • Distributed Credit Chain (DCC) traded down 0.3% against the dollar and now trades at $0.0076 or 0.00000115 BTC.
  • Bean Cash (BITB) traded up 0.6% against the dollar and now trades at $0.0033 or 0.00000049 BTC.
  • DAO.Casino (BET) traded 5.2% lower against the dollar and now trades at $0.0407 or 0.00000611 BTC.
  • XinFin Network (XDCE) traded 7.9% higher against the dollar and now trades at $0.0015 or 0.00000022 BTC.
  • Bitcoin Atom (BCA) traded 4.1% lower against the dollar and now trades at $0.28 or 0.00004190 BTC.
  • Measurable Data Token (MDT) traded up 6.8% against the dollar and now trades at $0.0078 or 0.00000117 BTC.
  • Qbao (QBT) traded 8.1% higher against the dollar and now trades at $0.0433 or 0.00000650 BTC.

Litecoin Cash Profile

Litecoin Cash (LCC) is a coin. Its launch date was February 3rd, 2018. Litecoin Cash’s total supply is 589,773,957 coins. Litecoin Cash’s official website is litecoinca.sh. Litecoin Cash’s official Twitter account is @LitecoinFork. The Reddit community for Litecoin Cash is /r/LCCofficial and the currency’s Github account can be viewed here.

Buying and Selling Litecoin Cash

Litecoin Cash can be purchased on the following cryptocurrency exchanges: Braziliex, SouthXchange, Trade Satoshi, HitBTC, Mercatox, Exrates, YoBit, CryptoBridge and Stocks.Exchange. It is usually not possible to purchase alternative cryptocurrencies such as Litecoin Cash directly using U.S. dollars. Investors seeking to acquire Litecoin Cash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Litecoin Cash using one of the exchanges listed above.

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Litecoin Cash (LCC) Trading 5.2% Higher Over Last Week

Litecoin Cash (CURRENCY:LCC) traded 1.7% higher against the dollar during the 24-hour period ending at 20:00 PM Eastern on September 15th.

Litecoin Cash logoLitecoin Cash (CURRENCY:LCC) traded 1.7% higher against the dollar during the 24-hour period ending at 20:00 PM Eastern on September 15th. One Litecoin Cash coin can now be bought for about $0.0267 or 0.00000403 BTC on cryptocurrency exchanges including Stocks.Exchange, Trade Satoshi, CryptoBridge and Braziliex. Over the last week, Litecoin Cash has traded 5.2% higher against the dollar. Litecoin Cash has a market capitalization of $15.75 million and approximately $98,047.00 worth of Litecoin Cash was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

  • Mixin (XIN) traded 1.4% lower against the dollar and now trades at $134.67 or 0.02030292 BTC.
  • Fusion (FSN) traded 0.5% higher against the dollar and now trades at $0.98 or 0.00014783 BTC.
  • Sakura Bloom (SKB) traded 10.8% lower against the dollar and now trades at $0.0045 or 0.00000068 BTC.
  • Distributed Credit Chain (DCC) traded down 0.7% against the dollar and now trades at $0.0076 or 0.00000115 BTC.
  • Bean Cash (BITB) traded up 0.3% against the dollar and now trades at $0.0032 or 0.00000049 BTC.
  • DAO.Casino (BET) traded 5.3% lower against the dollar and now trades at $0.0406 or 0.00000613 BTC.
  • XinFin Network (XDCE) traded 8.6% higher against the dollar and now trades at $0.0015 or 0.00000022 BTC.
  • Bitcoin Atom (BCA) traded 3.6% lower against the dollar and now trades at $0.28 or 0.00004203 BTC.
  • Measurable Data Token (MDT) traded 6.5% higher against the dollar and now trades at $0.0078 or 0.00000117 BTC.
  • Qbao (QBT) traded up 6.4% against the dollar and now trades at $0.0425 or 0.00000641 BTC.

Litecoin Cash Profile

LCC is a coin. Its genesis date was February 3rd, 2018. Litecoin Cash’s total supply is 589,773,957 coins. The Reddit community for Litecoin Cash is /r/LCCofficial and the currency’s Github account can be viewed here. The official website for Litecoin Cash is litecoinca.sh. Litecoin Cash’s official Twitter account is @LitecoinFork.

Litecoin Cash Coin Trading

Litecoin Cash can be purchased on these cryptocurrency exchanges: Mercatox, CryptoBridge, Trade Satoshi, HitBTC, SouthXchange, Braziliex, Exrates, Stocks.Exchange and YoBit. It is usually not possible to buy alternative cryptocurrencies such as Litecoin Cash directly using U.S. dollars. Investors seeking to trade Litecoin Cash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Litecoin Cash using one of the exchanges listed above.

Receive News & Ratings for Litecoin Cash Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Litecoin Cash and related companies with MarketBeat.com’s FREE daily email newsletter.

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DECENT (DCT) Crypto Reaches $0.169797: 24 Hour Volume Hits $348390

DECENT (DCT) traded up 2.03 percent against American dollar since yesterday time period ending 19:45 on October 8th EST. DECENT at present …

DECENT (DCT) Crypto Reaches $0.169797: 24 Hour Volume Hits $348,390

October 8, 2018

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DECENT (DCT) traded up 2.03 percent against American dollar since yesterday time period ending 19:45 on October 8th EST. DECENT at present has a total market cap of $8,711,615 and its 24 hrs volume is around $348,390. Throughout the last seven days, DECENT is 0.44 percent against the American dollar along with a move of 0.01 percent inside the past 60 minutes.

Now let’s look at how similar currencies have faired in the last 24h:

  • Xaurum (XAUR) is trading at $0.04 against the dollar, a 8.79 percent change in the last day. The Bitcoin price for XAUR currently, is 0.00000572 BTC.
  • XYO Network (XYO) is trading at $0.00 against the dollar, a 5.87 percent change in the last day. The Bitcoin price for XYO currently, is 0.00000046 BTC.
  • LATOKEN (LA) is trading at $0.09 against the dollar, a 0.42 percent change in the last day. The Bitcoin price for LA currently, is 0.00001306 BTC.
  • Crowd Machine (CMCT) is trading at $0.00 against the dollar, a -5.97 percent change in the last day. The Bitcoin price for CMCT currently, is 0.00000053 BTC.
  • Dash (DASH) is trading at $182.68 against the dollar, a 1.28 percent change in the last day. The Bitcoin price for DASH currently, is 0.02746513 BTC.
  • Incent (INCNT) is trading at $0.08 against the dollar, a -10.92 percent change in the last day. The Bitcoin price for INCNT currently, is 0.00001261 BTC.
  • Profile Utility Token (PUT) is trading at $0.02 against the dollar, a 3.89 percent change in the last day. The Bitcoin price for PUT currently, is 0.00000320 BTC.

DECENT Information

DECENT has a maximum supply of exactly 51,306,089 coins. It started on 10th September, 2016.

From CryptoCompare.com: “Decent is a decentralized open source content distribution platform that allows anyone to buy, sell, or share content without unnecessary middleman fees or manipulation. Using Decent, authors can share their content directly with consumers using blockchain technology and a modified version of the Bittorrent protocol, without any cultural, geographical or political limitations.Decent holds multiple advantages over traditional platforms, such censorship resistance, which is ensured by Decent’s decentralized nature where no single server can be targetted or shut down (It is also impossible to target specific nodes with one piece of content in mind). It allows consumers to acquire content for a cheaper price, while the content creators can keep 100% of the profits. Furthermore, there is no central authority that dictates what content is worth downloading, meaning that content creators are free to express themselves completely and to succeed (or fail) in their craft, regardless of what corporations or governments see fit. The reputation, recommendation, and feedback systems will give every user an equal opportunity.Decent will host an ICO starting on the 10th of September in which 70% of the DCT tokens’ total supply will be sold for ETH and BTC. The remaining 30% will be used for mining rewards. DCT tokens are used to fuel the Decent Platform and is required to publish and buy content. Users can choose to set the price for their published content.”

Some helpful links are below, should you want to learn more about DECENT:

DCT: Trading Info

Investors can get DCT at trading exchanges like BitZ, LBank, BitTrex, BCEX, OpenLedger, Liqui, Upbit, CoinBene, and HitBTC.

It’s not necessarily always feasible to buy cryptocurrencies like DECENT instantly using USD. Market players hoping to purchase DCT may possibly have to first of all get Bitcoin or ETH using an exchange which provides dollar trading pairs like Coinbase or GDAX. Buyers can then make use of this BTC or ETH to invest in DECENT using one of the exchanges we listed previously.


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History of Bitfinex woes – amidst new rumors of insolvency, users fear this could be a new Mt.Gox

Bitfinex is currently suspected of heading directly for bankruptcy. Users complain about missing cash deposits in Crypto and Fiat. The Bitcoin …

Bitfinex is currently suspected of heading directly for bankruptcy. Users complain about missing cash deposits in Crypto and Fiat. The Bitcoin exchange denies these accusations. But they can’t completely clear up the doubts. In the midst of all this stands the former child star Brock Pierce.

The Bitcoin exchange Bitfinex is currently exposed to the crossfire of its users. The main accusation is that the exchange no longer has enough money reserves to pay out its customers. In addition, many users complain online, to which the company reacts with censorship. Some users even fear a new Mt.Gox, but most fear for their stored Bitcoin. The old suspicions that the alleged Stable Coin Tether is not so stable are revived. In the midst of all these uncertainties stands a former Disney star: from the questionable Noble Bank, Brock Pierce, Tether and Bitfinex.

Brock Pierce: Bitcoin pioneer with dark sides

Brock Pierce is one of the richest (known) figures in the Bitcoin scene – Forbes estimates his crypto assets at between $700 million and $1 billion. He has invested in companies such as Mastercoin, Coinbase and Ethereum and is a frequent guest at blockchain events. But the path that led him there is questionable in many ways.

First there is the unpleasant thing with DEN, the Digital Entertainment Network. Brock Pierce founded this precursor of modern streaming networks together with Marc Collins Rector and Chad Shackley and planned a $75 million IPO. But that was not to happen: The trio had to answer for the accusation of child abuse. As a result, the operators closed the network and announced their bankruptcy. DEN is one of those companies in the DotCom bubble that produced little content and paid disproportionately high management fees. However, the former Disney child star of “The Mighty Ducks” never received a sentence himself and distanced himself from his co-producers. He only paid $21,000 to dismiss one of the lawsuits.

From Streaming to Bitcoin to Tether

It was also his questionable past that in 2014 led many members of the Bitcoin Foundation to resign from it. When Brock Pierce joined the board here, ten members decided to leave the Bitcoin Foundation. Motivation: One wanted to have nothing more to do “with such persons”. This did not prevent Pierce from digging deeper into the crypto world.

If you dig a little yourself – in the depths of the net – you will come across an article in the Wall Street Journal. The magazine reports that Brock Pierce announced the realcoin in 2014: the first crypto currency to be covered by the US dollar. The editors modelled this on Mastercoin, a Bitcoin protocol.

Bitfinex and Brock Pierce – an unholy alliance

In September of the same year, Bitfinex operators Philip Grzac Potter and Giancarlo Devasini founded Tether Holdings Limited in the British Islands. Two months later, Brock renamed Pierce’ Realcoin Tether and proclaimed Bitfinex a partner.

But this is not the only connection between Bitfinex and Pierce. As you can see from a Twitter post, Pierce also founded the company Noble Markets, today better known as Noble Bank:

pic.twitter.com/LBHPOoxPV4

— Bitfinex’ed 🐧 (@Bitfinexed) June 23, 2018

This bank now has demonstrable problems providing liquidity. Thus, the bank based in Puerto Rico cannot provide enough liquidity to guarantee Tethers stability. Because it is one of those banks that guarantee it (and, by the way, was indirectly involved in the publication of that controversial report that was supposed to give Tether more credibility).

What does that mean now? Brock Pierce founds Tether and the Noble Bank. Then Bitfinex buys Tether and becomes the publisher of the controversial Stable Coin. Noble Bank is (partly) responsible for ensuring that there is enough supply for Tether. While Noble Bank can no longer provide exactly this in 2018, a large number of Bitfinex users are getting upset. Everyone unanimously complains that they cannot make any withdrawals, that their Bitcoin disappears and that Bitfinex does not respond to customer enquiries.

Bitfinex tries to pull itself out of the affair

All this can be seen in a medium post of the user ProofofResearch, whose account on Medium was suspended in the meantime, fueling even more uncertainty and doubt in the community. This clearly shows that there is not only a large number of users complaining about disappeared deposits. Rather it reveals that the Bitfinex moderator team generously deletes the contributions on Reddit.

But what do elephants, the blockchain and the Internet have in common? They don’t forget. As ProofofResearch explains, you can restore the deleted posts in Bitfinex Reddit with a simple trick. All you have to do is replace the “r” from reddit with a c in the link (https://www.reddit.com/r/bitfinex/). If you do this, it quickly becomes clear that the Bitfinex moderator team is generously censoring.

Here is the before and after overview:

What is striking about the deleted posts is that they mainly refer to the fact that Bitfinex is not able to make withdrawals (and that the exchange disputes this). In any case, Bitfinex’s procedure raises certain doubts: instead of answering the requests, they are deleted.

The Bitcoin exchange defends itself

This is what the Bitcoin exchange says about the allegations:

1. Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this. As one of only a very few exchanges operating since 2013, with a small team and low operating costs, we do not entirely understand the arguments that purport to show us to be insolvent without providing any explanation about why. The wallets below represent a small fraction of Bitfinex cryptocurrency holdings and do not take into account fiat holdings of any kind.

How any rational party can claim insolvency when the opposite is there for all to see is interesting and, once again, perhaps indicative of a targeted campaign based on nothing but fiction.

2. Both fiat and cryptocurrency withdrawals are functioning as normal. Verified Bitfinex users can freely withdraw Euros, Japanese Yen, Pounds Sterling and U.S. Dollars. Complications continue to exist for us in the domain of fiat transactions, as they do for most cryptocurrency-related organisations. However, we continue to do our utmost to minimise any waiting times associated with fiat deposits and withdrawals.

3. Stories and allegations currently circulating mentioning an entity called Noble Bank have no impact on our operations, survivability, or solvency.

Is Bitfinex still trustworthy?

Now it may well be that Bitfinex, as indicated in the post, still has a certain stock of Bitcoin, Ethereum and EOS. However, as the connections between Brock Pierce, Tether and Noble Bank show, the accusations are most probably not fiction.

Even the second and third points of defence are sometimes not enough to dispel the doubts about Bitfinex. Ultimately, the deleted posts, some of which refer to withdrawals of over 100,000 US dollars, speak a different language. Bitfinex will also not be able to dismiss its connections to Noble Bank so quickly.

One thing is certain: The practice that Bitfinex shows and generously deletes everything that could cast a bad light on the company is by no means exemplary.

CaptainAltcoin’s writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.

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