Yuri Molchan

Crypto May Turn into Mainstream Payment Method Within 10 Years: Report

Imperial College London and eToro platform: digital coins have already achieved one of the three major features of money
Crypto May Turn into Mainstream Payment Method Within 10 Years: Report

Virtual currencies, like Bitcoin, are the next stage of the natural evolution for money. Therefore, they can potentially turn into a mainstream payment method as early as within the coming ten years. This conclusion was made by the eToro exchange and the Imperial College.

The report

The published report is titled “Cryptocurrencies: Overcoming Barriers to Trust and Adoption.” The experts who wrote it believe that digital currencies can already replace traditional money in one of their basic functions: being a store of value.

All the three criteria that fiat money can be identified through are:

  •  Store of value
  •  Medium of exchange
  •  Unit of account in the economic system.

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Brief history of money

The study says that the fiat money has changed and developed over time. Humanity started with using barter and exchanging seashells instead of coins. As time passed, these initial prototypes were pushed out by coins, banknotes and electronic payment cards.

No matter what changes money has been through, its three basic functions have been the same throughout the history.

So, on condition that cryptocurrencies can prove that they can be the result of the progress in the line of money evolution they can turn out to be the next stage of the money history.

Besides, the report shows that each new form of money brought a decrease in payments friction. Considering the principles, on which crypto was designed, the widening use of digital tokens may well be the next stage of friction reducing in the world economy.

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Further challenges to take

The report sets forth several other issues that cryptocurrencies will have to face and come over before they turn into a full-scale replacement of the existing fiat money: scalability, usability, regulation, volatility, incentives and privacy.

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📈 Pricewise Andrew Strogoff

Bitcoin, Ethereum, Ripple, EOS, NEM Appetites Rising, Investors Rushing Into Coins: Price Analysis, July 18

Pricewise
Bitcoin and altcoin buyers smashed bears, coins make significant gains
Bitcoin, Ethereum, Ripple, EOS, NEM Appetites Rising, Investors Rushing Into Coins: Price Analysis, July 18

Hey, mates. This is Andrew Strogoff again and today we are going to discuss Bitcoin and several altcoins. As you can see, the situation on the crypto market looks promising as many new investors have jumped into this leaving bullish train, which picks up speed and is almost ready to take investors to the moon.

I have thoroughly read the news but I found nothing that could be a reason for such a huge momentum. I think that the main reason for this growth is that investors are bored of this downtrend and want some money that they can make on the uptrend only. Anyway, I have prepared some interesting events for you to take a look through.

The first thing I want to share with you is the future appointment of new Goldman Sachs CEO David Solomon who is known for his positive attitude towards cryptos. Could this news be the reason for the current growth? I don’t think so, but what is clear is that this event may be the fuel for coins growth in the nearest future.

The other great news comes from China. This country is famous for its negative attitude towards cryptos but they are interested in Blockchain technologies. Beijing has registered six times more Blockchain companies in 2018 as compared to 2017. And now let’s get down to technical analysis, so fasten your seat belts as we are going to rock.

Bitcoin (BTC/USD) huge price gains, but still have some fuel to skyrocket, price analysis, July 18

Do you remember the last time Bitcoin added more than 10 percent in just 24 hours? I don’t but in fact, this is a good sign for the main crypto and the whole industry as the others will follow BTC/USD in this huge uptrend. The currency pair has done great work on Tuesday and reached my targets. Moreover, Bitcoin went even higher, bringing more profits to investors. Is that all? I don’t think so. I believe that the show will go on in the nearest future.

BTC/USD 4H Chart

Well, mates, let’s see what’s going on the four-hour chart currently. I have put a green rocket there as I think that Bitcoin looks very promising. BTC/USD had no problems to surpass $7,000 on Tuesday and seems to have enough fuel to develop this progress in the nearest future.

As for my closest targets, I think Bitcoin is going to reach $7,734 in the nearest future. Why this level? I think that the volatility is going to decrease. Moreover, I suppose that BTC/USD is going to make a sort of a correction or better a consolidation before resuming its uptrend. There are no patterns currently but I don’t think they are needed in this situation. News that Bitcoin is alive, will bring more buyers than any of those technical tricks could do.

Ethereum (ETH/USD) Buterin’s brainchild is fit again, price analysis, July 18

Ethereum looks modest as compared to Bitcoin as it added less in the past 24 hours. However, I’m pleased with this growth. Look at this green flag on the four-hour chart. This was my target for Wednesday and we are there! However, I don’t think that bulls are going to hide now as they look like titans currently.

ETH/USD 4H Chart

Do you see this green rocket on the four-hour chart? Oh yes, this is my new target for Wednesday-Thursday. I think we are going there currently, but I want you to be patient as ETH price may test $500.36 again before flying higher.

I see no clear patterns currently but I don’t think we need them. Bulls are playing their muscles and it seems that nothing can stop them now. My next target is at $540,69, but if the price goes even higher, I would be happier.

Ripple (XRP/USD) another great day for the promising coin, price analysis, July 18

Ripple makes new local highs and makes me happy again as my targets were reached on Wednesday. However, I think that this is not the end and XRP/USD is going to surprise us again. This small green flag is just an interim target for the currency pair.

XRP/USD 4H chart

XRP price stopped above the $0.5088 level. Ripple makes more than seven percent in the past 24 hours as bulls continue to build a strong support to the currency pair. Ripple skyrocketed already but still has fuel to do it again. I’m far from thinking that XRP/USD will develop its uptrend without a break but I think Ripple is very promising currently.

As for my targets, let’s look at the four chart to see them. There are no patterns currently and I think XRP price is going to retest this $0.5088 level from above to satisfy bears needs. However, I suppose XRP/USD is going to fly higher and reach $0.5444 in the nearest future.

The bears are smashed currently and have no control over the market. The only thing they can do currently is just to watch the train leaving their station.

EOS (EOS/USD) good opportunities for investors, price analysis, July 18

“What’s going on with EOS” you may ask? Nothing wrong, mates! EOS follows its allies in an attempt to break the gravity rules. My targets for Wednesday were reached as the price touched the green flag, but the trend must go on! This is my idea for the nearest future.

EOS/USD 4H chart

EOS had no troubles to overcome $8.29 and $9.03 level. It was like there were no bearish defensive lines there. EOS price made a significant move on Wednesday already and I think it is time for a break now. EOS/USD is close to the support at $9.03 and is testing it currently. Technical analysis requires a sort of correction or consolidation here but let’s be patient. We have some targets to reach still.

I have placed my green rocked even higher at $10.21. Is this the target for Wednesday? I don’t think so, but it is reachable and I suppose EOS price will get there in a couple of days if bears remain smashed. I will wait for my beloved EOS there as I have some more bullish targets above.

NEM (XEM/USD) rocket is flying, price analysis, July 18

I like NEM for its correlation with big players like Bitcoin. The currency pair has made more than eight percent in the past 24 hours. XEM/USD was volatile on Tuesday-Wednesday and I think there is enough gas in its engine to develop its flight. Investors are hungry for new gains and I think they have woke up to make some significant achievements.

XEM/USD 4H Chart

Anyway, I remain bullish in this situation. I think that NEM is going to make a short break there in order to gather more buyers before this rocket will continue its flight. I also think we need to test $0.1883 before going any higher. This is not necessary, naturally, but according to technical analysis, correction is needed here.

My next target is set at $0.2248. It is far from here, but I like it. I like those huge moves and I think we are going to reach it in the next couple of days. However, remember that bears are also not sleeping now. Be careful in those twisted investing paths.

P.S. If you asked me, when Lambo, I would say “After to the moon”☺ Take care guys and follow my reviews.

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Darryn Pollock

How Much Can Be Read Into Bitcoin Dominance in Such a Bear Market?

Bitcoin may be down in the dumps pricewise, but it is right up there when it comes to market dominance, is there something to read into?
How Much Can Be Read Into Bitcoin Dominance in Such a Bear Market?

Bitcoin’s market share dominance has now reached 57.8 percent for the first time since Dec. 16, 2017. That was the day before Bitcoin peaked at $20,000. Of course, it is a very different state of affairs in the cryptocurrency market these days.

Bitcoin is in a severe bear market, its price sits around $6,200 and is slowly dropping, yet its overall dominance is still on the rise. In December, the market dominance probably had a lot to do with adoption and hype, whereas this time around, it may have a lot more to do with the woes of altcoins.

Ethereum has been particularly hit hard with its dominance down to around 12 percent. This loss of dominance has also affected the second-biggest cryptocurrency as its price flounders under $175.

However, in the grand scheme of things, could this downfall in dominance from the altcoins out there actually be a blessing in disguise for the Bitcoin market and the cryptocurrency ecosystem?

There are new coins being born every day, many of them scams or poor projects, and a lot of them ultimately end up as failures. However, if the indication is that the money in crypto is filtering towards a proven cryptocurrency like Bitcoin, and away from the hundreds of others, it may be a good reboot to the system.

End of the get-rich-quicks

One aspect of the cryptocurrency space that has emerged and given it a bad rep is the multitude of poor ICOs and cryptocurrencies that often don’t deliver or fail outright. These reached a pinnacle towards the end of last year and made for quite a big ‘altcoins season.’

That is not to say that the dilution of Bitcoin’s dominance meant that money was being poured into bad, or scam, coins, in fact, the majority of the dilution would have still gone towards major coins in the top 10, such as Ethereum.

However, this latest show of dominance from Bitcoin seems to be indicating that the focus in the cryptocurrency market- even if it is diluted- is being aimed squarely at the major cryptocurrency that has proven itself.

Bitcoin vs. Ethereum

What is interesting to compare is the long rivalry that has developed between Bitcoin and Ethereum, despite the two coins being so fundamentally different. They typically have always occupied first and second spot on the market cap, and are the two most well known.

Last year, in June, was Bitcoin’s weakest market position with Ethereum taking 30.63 percent of the market, just under seven percent shy of Bitcoin’s at 37.87 percent.

Since then, Bitcoin has been able to regain market dominance, hitting a high of 65.18 percent in December 2017. Ethereum was at a low there too-  9.71 percent. But, Ethereum was able to close the gap on in February, grabbing 20.46 percent to Bitcoin’s 36.32 percent, as a real altcoin season was in play.

So, with Bitcoin highly dominant, and Ethereum struggling in dominance, but as well as price, what can be read into the situation for the future. Predictors are all out there worrying about the next price rally, but perhaps this is a good situation for the market to shake itself clean.

What about the ICO sell off?

Many are speculating that the dire position Ethereum finds itself in is because ICOs have sold their holding, but in fact, this is not entirely true, and their actions would have minimal effect of Ethereum’s price.

The majority of major Blockchain projects based on Ethereum are still holding tens of millions of dollars in their Ethereum treasury, according to a major research group. However, if that bearish market continues, the sell pressure could be too much and it may trigger a sell off.

Still, as it stands, Ethereum’s own issues are not to do with ICOs selling their assets, but rather it could loop back to the general market sentiment. Bitcoin is still holding strong in other places other than its price, yet other coins are facing a lot more difficulties, and a lot less trust or enthusiasm.

A full shake out

There is no doubting that the scams, false projects, and Blockchain hype led to an ecosystem full of bad options which were fueled by speculation and hype about astronomical growth. But now with the end of hyper growth, and a much more cautious marketplace, perhaps the chaff has been shaken out.

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📈 Pricewise Andrew Strogoff

Bitcoin, Ethereum, Ripple, EOS, NEM Remain Flat, No News to Shake Markets: Price Analysis, June 28

Pricewise
Bitcoin and other cryptos remain flat, but the situation may change at any moment
Bitcoin, Ethereum, Ripple, EOS, NEM Remain Flat, No News to Shake Markets: Price Analysis, June 28

What a terrible week for crypto traders! After establishing new lows, the price remains flat as market participants seem to have no idea where to drive cryptocurrencies. The good news here is that there are no eternal flats, buyers and sellers will have to take steps in the nearest future and break the balance. The bad news is that nobody knows currently the possible direction of a new trend.

As for the news and events, there are some interesting ones that are worth your attention. The latest UK research shows that young men and women prefer to invest in cryptos and shares rather than buying property even when the price of assets is too volatile. Young generations do not consider property as a safe way to save their money.

Bitcoin is treated as one of the most convenient source for investments as one can buy the cryptocurrency from his or her mobile.

Another interesting news comes from Facebook. The famous social media is ready to accept crypto ads, but advertisers need to make an application in order to prove its eligibility to Facebook’s administration.

Bitcoin (BTC/USD) Price analysis, June 28

BTC/USD Hourly General

Almost no gains and no losses for Bitcoin in the past 24 hours. However, the general situation remains bearish as BTC price is below the descending trend line. There was nothing interesting in Wednesday’s fluctuations, but market players hope for better days in the nearest future.

BTC/USD Hourly Closer

Let’s zoom in to the current situation on the hourly chart. As we have previously mentioned, Bitcoin price reached the resistance at 3.618 after testing 4.236. Bitcoin remains within this range. BTC price is below the descending trend line but is likely to test it in the nearest future. The possible ways for BTC/USD are the following:

1.    Red scenario (bearish). The currency pair will test the support area at 4.236 and if successful, the price will develop its downside progress.

2.    Orange scenario (neutral). This is the most likely scenario for Thursday if there is no important breaking news. BTC price will stay within the current range without significant changes.

3.    Green scenario (bullish). Bitcoin will cross the descending trend line and the resistance at 3.618, targeting the next resistance at $6,510.

Ethereum (ETH/USD) Price analysis, June 28

ETH/USD Hourly General

Ethereum “feels” a bit better than Bitcoin does, but the currency pair still has no clear direction as it fluctuates within a range on the hourly chart. Ethereum price is above the descending trend line meaning the downtrend has ended, but bulls are unable to take control over the market.

ETH/USD Hourly Closer

What can we see on the hourly chart zooming in to the price? Ethereum tried to go lower on Wednesday, but ETH price failed to confirm the breakout of $431.42. ETH/USD fluctuates close to this level currently. The possible scenarios for ETH/USD are the following:

1.    Red scenario (bearish). The currency pair will break through the support area at $431.42 to move lower, targeting the next support at $417.28.

2.    Orange scenario (neutral). This scenario is likely to be the winning one today as we expect ETH price to stay within the current price range. We also think that it is able to move towards the upper side of the range at $453.24.

3.    Green scenario (bullish). If buyers have enough power, they will be able to jump over $453.24 targeting the next resistance at $473.39.

Ripple (XRP/USD) Price analysis, June 28

XRP/USD Hourly General

Ripple has added almost two percent in the past 24 hours, but still looks neutral as the price is within the range without any direction. Ripple price is above the descending trend line meaning bulls have chances to change the situation in the nearest future.

XRP/USD Hourly Closer

When we look closer at the situation on the hourly chart we can see that Ripple is trying to test the resistance area at $0.4744, but still in vain as XRP price retreats from this level. Even though Ripple looks bullish now, it has to jump over this resistance in order to develop its upside progress. The possible scenarios for XRP/USD are the following:

1.    Red scenario (bearish). The currency pair will move towards the closest support to test it. If bears are able to move below $0.4495, they will develop their downside progress.

2.    Orange scenario (neutral). This one is the most likely for Thursday as we think Ripple price will stay within the current range without significant changes.

3.    Green scenario (bullish). Ripple will jump over the resistance at $0.4744 to move higher targeting the next resistance at $0.4918.

EOS (EOS/USD) Price analysis, June 28

EOS/USD Hourly General

EOS has almost four percent in the past 24 hours being a true leader of the top 20, but in general, the currency pair shows no direction on the hourly chart. It is consolidating currently. EOS price is above the descending trend line.

EOS/USD Hourly Closer

When we zoom in the hourly chart we can see that Ripple has tested the resistance area at $8.29 again on Wednesday but failed to jump over it. The price remains neutral and approaches the support area at $7.65 in the moment of writing. The possible ways for EOS/USD are the following:

1.    Red scenario (bearish). EOS will make a breakout of support area at $7.65 and move lower targeting the next support at $7.10.

2.    Orange scenario (neutral). We think that this one is the most probable for Thursday as EOS price is likely to stay within the current range.

3.    Green scenario (bullish). EOS/USD will jump over the resistance at $8.29 and move higher, targeting the next resistance at $9.03.

NEM (XEM/USD) Price analysis, June 28

 XEM/USD Hourly General

The currency pair remains almost unchanged in the past 24 hours. There is no trend currently on the hourly chart as NEM is consolidating. XEM price is above the descending trend line.

XEM/USD Hourly Closer

Let’s look closer at the hourly chart and the price. NEM has tested the resistance area at $0.1539 but failed to jump over it and stays close to this level in the moment of writing. The possible ways for XEM/USD are the following:

1.    Red scenario (bearish). The currency pair will decline towards the closest support area at $0.1459. We think that this is the most appropriate scenario for Thursday.

2.    Green scenario (bullish). XEM/USD will jump over the resistance at $0/1539 targeting the next resistance at $0.1682.

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Past-ICO Review: Mobius

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Stellar Lumens powered DApps that can integrate Blockchain ecosystems, is an anomaly and similar among many other projects out there
Past-ICO Review: Mobius

ERC20, ERC20, ERC20, that’s pretty much all you hear these days when you are looking at altcoins. It seems as if 90 percent of all new altcoins are built on Ethereum. It makes sense when you get down to the bottom of it; smart contracts are the way to go, you can do so much with them, why would you build on anything else? Right? Well, Mobius is taking a different approach: it is built on Stellar Lumens, the “non-profit” rival to Ripple also known as XRP.  The overall goal of Mobius is to integrate the Blockchain ecosystem into DApps and has three major product offerings: DApps, Oracles, and Smart Markets. Let’s dive into the financials before going deeper.

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Financials

Mobius raised $39 mln in 24 hours between Jan. 18 and 19, 2018 with a token price of $0.16 USD per MOBI. MOBI entered the public market at $0.38 on Jan. 19, 2018. It hit it’s all-time high of $0.45 two days later before entering into a slide down the current all-time-low of $0.03. The market cap has sunk down to $11.8 mln and daily trade volumes are around $105,000. It has a circulating supply of more than 330 mln with a total supply of 887 mln tokens.

Team

Cyrus S. Khajvandi- COO & Founder

Khajvandi has a background in development and working with data via Python. He briefly worked at Oracle on Middleware before setting his sights on opening his own companies Incentru and then Mobius.

David S. Gobaud

A developer at heart, Gobaud has more than 15 years of experience working at many high-profile companies such as Google. His formal education spans computer science, business and law.

Monis Rahman-  Head Research Scientist

Rahman is also a developer with much academic experience at Stanford. He has a PhD in Computational Mathematics from Stanford and spends much of his work time in research and development.

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Tech talk

The Mobius API provides a universal interface for accepting any Blockchain token. The Mobius API simplifies the current token developer process by providing a modern and easy to use REST API that returns JSON and uses secure webhooks to alert developers of incoming token transfers.

Risks and concerns

At first glance, it appears as if Mobius is trying to do everything all at one time. The roadmap includes an off-chain token scaling solution, proof of stake Oracle protocol, DApp store, and cross chain connectivity. Each of these projects is a huge undertaking and there are projects that deal specifically in that one area. The lack of focus on one particular element is going to divert the team’s attention. Another odd bit is that the project runs on the Stellar Blockchain, which is an anomaly among altcoins.

Since Mobius has a rather very broad scope, it competes with many other Blockchain projects in some way, such as Status, Decentraland, and District0x for the DApp store; Chainlink and Gnosis and others on the Oracle side. As mentioned before, competition is growing and it’s fierce to compete with others and competing for token holders money.  

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How to Mine Ethereum at Home on PC

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Mining Ethereum at home on a PC was unheard of a short while ago
How to Mine Ethereum at Home on PC

Introduction to Ethereum mining

When you talk about mining Ethereum, most people imagine you need supercomputers with multitudes of computational power to pull it off. Well, that is not entirely misguided; however, unlike a few years back, mining cryptocurrency is a lot easier now. This is due to the milestone developments that the cryptocurrency and blockchain technologies have experienced over the time.

Mining Ethereum at home on a PC was unheard of a short while ago; you needed a mainframe with the processing power and speed to download over 20+ GBs of the blockchain and manage chunky command line miners with physical guidelines. Such is no longer the case; however, you can quickly get started with your mining activities using your personal computer within the comforts of your home. If done systematically, you can set up your work environment within 10 minutes.

This article is going to take you through the systematic approach on how to set up your workstation and start mining Ethereum.

Download and Install GETH

Geth is an application that enables you to interact with the Ethereum network. It links your computer and its computers to the Ethereum platform thus allowing you to communicate effectively.

Download and save it somewhere easy to access such as your desktop. Then decompress the file and replicate the application to your C: drive. By now, you should be able to access the command prompt, traverse to the C: drive and launch GETH.

The above strokes will enable you to open a new GETH account. Once this account is ready, you will be prompted to input a passphrase. This passphrase protects your account and private keys; therefore you guard it. Losing it is similar to losing your entire portfolio.

Entering and confirming this passphrase will automatically create a new wallet for you. You will be presented with its address, which should write down and store well as it will come in handy later.

With your wallet set, you can now begin initiating communication with the Ethereum network with GETH. Prompt GETH by entering ‘geth-rpc’ and it should commence with blockchain downloading and synchronizing your platform with the rest.

Mining Software Installation

Ethminer is an integral part of your network. Through your GPU, Ethminer runs the hashing algorithm, which uses proof of work protocols to secure the Ethereum network. Therefore, you should download, run and install the latest and most up-to-date version.

Just like with GETH previously, you will need to create another command prompt. Right-click the existing command prompt and scroll down to the command prompt menu on your taskbar. By clicking that menu, you should be able to open a new command prompt for the installed Ethminer.

Once you have GETH, Ethminer and your wallet ready, the mining can now begin. You may be tempted to work alone as in solo mining, but that is not recommended.

Pool and Cloud Mining

It takes a lot of hash power to pull off a solo mining venture. Plus, building a mining rig and getting it to crank is not an easy task. Therefore, it is recommended that you find a suitable pool and join. Working in a pool makes finding solutions easier and a lot more frequent; thus you get to benefit more often. Apart from pool mining, you can also try out cloud mining as an alternative to solo mining.

 

Coins Guide
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