BitcoinNews.com XRP Market Analysis 31st May 2019

For over a year, buyers and sellers of XRP coin cannot figure out one important issue — who owns a price zone of USD 0.44-0.46. Once in April 2018, this price zone stopped a total fall of prices with USD 3 for 3 months. Then in the period from September to November 2018, buyers after a big outbreak of volume tried to keep the price zone for growth continuation. Now the situation is repeated and buyers are trying to break through this price zone for the second time in a month:

On the chart, we see that a year ago and nowadays there is interest in this price zone, because when the price approaches it – volumes immediately increases. This is the first critical point and breaking through this point will be a signal to continue a good trend for buyers. We also see that from August 2018, buyers arranged support, which we marked with a blue trend line, near which is also a price zone of USD 0.3-0.33, in which the price was traded within 5 months. This is the second critical point for us after it breaks through, sellers will surely continue their trend and update the low.

Sellers have secured USD 0.44-0.46, but don’t continue to push pressure on the price and allow buyers to think about the continuation of growth. At 4-hour timeframe, we see two powerful red candles, after which the consolidation began and the possibility of a blue price zone test appeared. However, this test may be necessary to confirm the weakness of buyers:

This week, the marginal buyers’ positions revamped the historical high, but failed to keep and the second-day positions are actively closed:

Sellers’ marginal positions continue to close from December 2018:

Today the month candle is closed and it looks quite prospective for buyers. At least new breakeven attempts of USD 0.44-0.46 should be available in June. In any case, before global growth, sellers should check buyers for durability and in our opinion, to promise USD 0.3-0.33. And now sellers are protected. Therefore, the probability of continuing consolidation between the two critical price zones is very high and next week we will check if there were any prerequisites for changing our mind.

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About the Author: Peter Oleshchuk is a trader and technical analyst.
He has spent two years studying and analyzing the crypto market.

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Who Has the Power, Retail or Institutional Investors?

The institutional and retail crypto markets are much more intertwined than we realize, argues Noelle Acheson, and each needs the other to hit scale.

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Bitcoin SV Was the Best Performing Crypto in May – And it Wasn’t Close

The cryptocurrency markets saw rapid growth in May, with quite a few tokens – including bitcoin SV – outshining bitcoin.

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Exclusive London Bitcoin Fixer’s Client Wants 25% of BTC Market Supply

The Dadiani Syndicate set up by art dealer Eleesa Dadiani, known for putting 49% of Andy Warhol’s 1980 work “14 Small Electric Chairs” up for sale for crypto, has had some odd requests in her time.

As another fixer who has become adept at matching the wealthy to their crypto requirements, Dadiani has found a new life after leaving the art world, and with Bitcoin on the up, the requests are coming in hard and fast.

Perhaps the most extravagant request she has been faced with in recent times, operating from her office in London’s exclusive Mayfair, was a client who wanted to buy “up to 25% of the Bitcoin market“—an amount in the billions of dollars. The syndicate describes itself as a P2P network for the very wealthy, but this kind of wealth only comes to a few.  However, this particular challenge is far from achievable, as eToro’s Mati Greenspan points out:

“A buyer of this size is going to push the price up to make this kind of accumulation even more expensive… There are ways to offset that kind of demand-based price increase but after a certain level there’s not much you can do to prevent it.”

Greenspan maintains that of the potential 21 million bitcoins that will ever come into existence, “many will not be mined for a long time and many more are lost for good.” He adds that also many hodlers just won’t be prepared to part with their Bitcoin come what may, and with an estimated 5 million coins in circulation at present, the chance of acquisition of close to 25% of the market is highly unlikely.

Nonetheless, Dadiani has been asked, “to scour the markets and gain access to as close to 25% as possible.” She says, “art and cars are a small industry, bitcoin and crypto is something different.”

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PR: OneHash Captures the Craze of Cricket Starting with a Huge $2,500+ Giveaway Competition on the Cricket World Cup

Bitcoin Press Release: OneHash, one of the fastest-growing mutual bitcoin betting platforms, extends its focus to another sports segment. The company strengthens its position on the growing cricket market by extensively covering the Cricket World Cup 2019 in its offer. OneHash also introduces “Cricket Craze” – a promotion dedicated for all bettors interested in Cricket. Players will have an exciting opportunity to take part in multiple competitions with a chance to win a total of 0.30 BTC

30th May, 2019, Willemstad, Curacao: Cricket is the second most popular sport on the globe , and the one billion fans and 300 million participants worldwide have an enormous potential, which OneHash sees and wants to expand upon, primarily for bettors’ use and convenience. The 2019 Cricket World Cup will be the first part of a freshly-started cricket journey at OneHash.

The Tournament hosted between May 30th and July 14th is one of the biggest sporting events of this year. On the grounds of famous English and Welsh cricketing clubs, ten of the best cricket nations will take a part in the highly anticipated global rivalry. The craze over this sport and tournament will take over the world, together with the world of OneHash.

A Game Worth the Candle

OneHash doesn’t stop on a Cricket World Cup offer. Cricket Craze is a unique competition that gives players the possibility of multiple wins. Bettors will have a chance to participate in one main competition and seven smaller competitions, settled weekly, all during the Cricket World Cup 2019.

For every 0.001 BTC wagered on one fixture of the tournament, the player gets one point. The player who gathers the most points will be the winner. The main prize of the competition is 0.2 BTC, while 0.1 and 0.05 BTC waits for second and third place. In each of the weekly competitions, winners will get a chance to win 0.015 BTC for first place,0.01 BTC for second place and 0.005 BTC for third place. Hence, the best and the luckiest players will have an opportunity to win even more than 0.3 BTC in total.

Cricket Religion

One of OneHash’s main goals is to provide fans of all the sports around the globe with the best possible betting experience. Creating a dedicated offer for one of the biggest tournaments during the year perfectly aligns with this strategy. Eric Baker, OneHash’s Brand Manager, stated in a press release:

“For some people in the world cricket is like a religion. That’s why we cannot be indifferent to that kind of phenomenon, especially during the biggest tournament of them all that takes place just every four years. It is a very interesting challenge for us. A survey of the International Cricket Council proved that cricket is the second most popular sport on the planet, losing only to football. We could not miss the opportunity to provide cricket fans with a first class betting experience”.

OneHash has solid experience with this beautiful and noble sport. For some fans, however, this sport is still mysterious. That’s why OneHash aims to bring cricket closer to all fans. Based on a stellar, five-year reputation with already proven methods of entertaining, innovative and fully secured gambling. Eric Baker emphasized:

“Our players bet on smaller cricket events previously, but they did it constantly. This sport has something in it – something unique, bet and time-worthy. Thinking globally, the Cricket World Cup is one of the biggest sporting events of 2019, if not the biggest one. And big times call for big measures. In countries with a serious cricket tradition, love for this sport can be indeed called a craze. From now on, OneHash joins that craze full time”.

For OneHash Cricket Craze is yet another contest directed towards a specific group of sports fans. After “Eleven Mania” created at the 2018 FIFA World Cup and “Become OneHash e-sports MVP” designated for eGaming fans, now the company prepared something special for all the people who sympathize gentleman’s sport.

About OneHash

Founded in 2014, OneHash is a leading and fastest-growing bitcoin mutual betting sportsbook and casino platform. OneHash provides the secure & trustworthy betting service that allows betting on all the biggest sports and eSports events, as well as the curated special events from the cultural and political areas such as Oscars, Grammys, all the major elections and many more.

OneHash it’s the only sportsbook that offers its users mutual betting service – a system in which all bets are placed together in a pool and payoff odds are calculated by sharing the pool among all winning bets.

Visit the Website: https://onehash.com

Follow on Facebook: https://www.facebook.com/onehashcom/

Follow on Twitter: @OneHash_com

Medium: https://blog.onehash.com/

Get involved in the Competition: https://www.onehash.com/contests/cricket_craze/

Media Contact:

Name: Eric Baker

Email: eric.baker@onehash.com

OneHash is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with high risk tolerance. Only participate in a token event with what you can afford to lose.

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ECB Official Says Central Bank Crypto Could Positively Impact Financial Stability

A Member of the Governing Council for the European Central Bank (ECB) has spoken positively about central bank crypto or central bank digital currencies (CBDC), labeling them as unique and more efficient offerings from global central banks.

Vitas Vasiliauskas specifically names distributed ledger technologies (DLT) as useful for having positive impacts on financial stability and mitigating the need for intermediaries, although did not extend these thoughts to decentralized cryptocurrency like Bitcoin, insisting that they were very different from central bank crypto.

He explained:

“The CBDC would be a novel type of central bank money. Although also digital, it should be distinguished a traditional reserve account. The CBDC would also be fundamentally different from private crypto assets. This is because it would be — money! It would serve as a medium of exchange, a means of payment and a store of value, just like the current forms of central bank money.”

He praised the characteristics of DLT features in would-be implementations of central bank crypto, saying that “wholesale CBDC” could enhance payments and make securities settlement more efficient, while reducing counterparty credit and liquidity risks. He elaborated:

“In terms of the retail CBDCs, different motivating factors are in play. Clearly, we live in an age characterized by the rise of electronic payment methods. Although these are often more convenient and efficient than paper banknotes, such digital payment solutions are based on commercial bank money.”

Vasiliauskas, who is also the chairman of the board for the Bank of Lithuania and a member of the Board of Governors of the International Monetary Fund, had made these comments at a central banker conference in Washington this week. The Bank of Lithuania falls under the purview of the Bank for International Settlements (BIS).

Last year, BIS made comments against the industry, when general manager Agustin Carstens, told cryptocurrency developers that they should leave the bankers to do the job of creating money.

 

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One Platform to Rule Them All: Taklimakan Network Eases Crypto Trading

Like all other assets, the trading of cryptocurrencies and tokens is an important industry. The varying prices of digital tokens is utilized by traders to increase the wealth of their portfolio. That being said, having the right skills, knowledge, tools and information is fundamental for a good trade.

Overly Complex Environment

Trading cryptocurrencies means that traders have to keep themselves abreast of all sources, whether it be information or tools, to ensure that they execute an exchange that is most beneficial to them. Unfortunately, for that to happen, traders rely on multiple sources, which creates issues such as:

• Visiting multiple news platforms, with differing opinion or information.
• Reliability of the source itself.
• Undue stress to the trader.

This fragmented approach to gathering information has led to inefficiencies that have a significant impact on the trading ability of users on exchanges, keeping them away from benefiting from the true potential of their assets.

Taklimakan Network: One Platform, One Source

The Taklimakan Network developers realized the current issues faced by crypto traders and have spent a considerable time developing a platform that caters to every conceivable need of the users. The result is a one stop solution that offers benefits such as:

• News: Reliable information on crypto tokens and assets from around is sifted through and combined to be presented in a single portal, allowing traders to keep themselves updated at all times.
• Library: A vast collection of learning tools and tips that is designed not only for new entrants, but even seasoned crypto traders.
• Social Network: Chat rooms and forums allow people to connect with each other, meet different platform developers and get to know the latest happenings and opinions that are affecting the crypto world.
• Data Analysis: Trading information is presented with the latest tools to ensure users know what is exactly happening in trading.
• Trading Tools: Tools that allow users to have an insight into the ups and downs of their favorite assets will give them an edge in placing trades.

With these, users of the Taklimakan Network will fare much better in trading, in comparison to their counterparts.

Upcoming Features

Taklimakan Network is keenly developing more features that will create a holistic crypto trading environment. Plans include:

• Crypto Exchange: Using the tools and information, users will be able to trade directly within the Taklimakan Network.
• Games: A good game or two will allow traders to unwind, or simply have some enjoyment as they see their assets rise in value.
• Seed Portal: Startups and developers will showcase their projects, allowing users to seed their work and have an early bird advantage to acquire new tokens.
• AI: Using machine learning and artificial intelligence, traders will gain an even better position in trading for more profits.

The Taklimakan Network is formed by people that have a vast experience in banking and financial industries, such as Barclays, RBS and Russell Investment. The team also has professional graduates from top educational institutes such as Cambridge.

The team already has a beta version launched, with its complete functions coming online soon.

For more information on the holistic crypto trade platform, visit their website.

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