Connect with us

Blockchain

BPSAA | Blockchain Privacy, Security & Adoption Alliance

Avatar

Published

on

BPSAA (Blockchain Privacy, Security Adoption Alliance) goes live assembling crypto gurus from multiple projects for the good of cryptomanity. BPSAA aims to bring collaboration through BPSAA verified projects in order to enhance Privacy, Security, Adoption for users in the crypto realm.

Home

Projects in the Alliance:
Pirate Chain (Most Anonymous Crypto) https://bpsaa.vision/pirate-chain
Turtle Network (Interoperable DEX w/fiat) https://bpsaa.vision/turtlenetwork
Ether-1 (Decentralized Storage) https://bpsaa.vision/ether1
Sentinal (Decentralized VPN) https://bpsaa.vision/sentinel

Source: https://cryptocoremedia.com/bpsaa-blockchain-privacy-security-adoption-alliance/?utm_source=rss&utm_medium=rss&utm_campaign=bpsaa-blockchain-privacy-security-adoption-alliance

Blockchain

Bitcoin Price Analysis: Can BTC Surpass $20K Soon Despite The CME Gap?

Avatar

Published

on

Bitcoin price is recovering from yet another heavy sell-off this week after prices fell $1,600 on December 1 to a low of $18,100.

Despite fears of BTC closing the substantial CME gap below between $18,275- $16,995 (see chart), bullish traders have managed to successfully drive prices back above the psychological $19,000 mark.

If they can retrace back to the current high at $19,707, it will be the 3rd time bitcoin buyers have fully recovered from a $1,000+ crash in the last 12 days and will demonstrate that overall market sentiment is still favourably bullish.

The global crypto market has grown by $8 billion in the last 24 hours. However, trading volume has fallen by $80 billion. This seems to suggest that more traders are choosing to HODL right now instead of trading the dip.

Price Levels to Watch in the Short-term

On the 4-hour BTC/USD chart, we can see that the $18,600 S/R level (green dashed line) acted as key support during the crash yesterday and allowed bulls to relaunch back over $19K quickly.

The new uptrend is being inhibited by the 0.382 Fibonacci extension level (lowest yellow line) at $19,489 that was also the former high during the top of the November 25th rally. A close above this would put BTC in a good position to challenge the current close high at $19,700 and the next Fibonacci extension level at $19,921 (0.5).

Above that, we have additional extension levels at $20,353 (0.618), the 0.786 level at $20,968 and and the 1.0 level at $21,752.

If bullish traders fail to overcome this critical level, then the first major support zone at $18,880 (green bar) will likely see a reaction if bears break the $19K level. Beneath that, we have the aforementioned $18,600 level, the second major support zone around $18,270, which also overlaps with the 50-EMA (blue line), and the third major support zone around $17,800. 

Should prices break into this zone, then it will be highly likely that we’ll see the CME gap close, which could push prices down to the order block support zone between $16,800 – $16,600 (lowest green bar).

Total market capital: $586 billion
Bitcoin market capital: $360 billion
Bitcoin dominance: 61.4%

*Data by Coingecko.

Bitstamp BTC/USD 4-Hour Chart

Bitcoin trading
BTC/USD chart via Tradingview

CME BTC1! 4-Hour Chart

bitcoin cme gap
BTC1! chart via Tradingview
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/bitcoin-price-analysis-can-btc-surpass-20k-soon-despite-the-cme-gap/

Continue Reading

Blockchain

Bluzelle Launches Second Swarm of Duty Validator Program as Mainnet Looms

Avatar

Published

on

Distributed database service Bluzelle has released details of its second validator program, Swarm of Duty II. The sequel to the maiden testnet, which ran in July, will provide developers, token-holders, and validators the chance to put Bluzelle through its paces and see what the network is capable of.

“Kicking the tires” of blockchain networks has become something of an event in crypto circles, as the incentives for participating in testnet events are ramped up. Whereas in the past, early supporters would interact with a project’s testnet because they were tech-minded and passionate about seeing it succeed, today’s crypto communities can participate out of enthusiasm or for more mercenary reasons.

From Bluzelle’s perspective, its team wants to spur as much engagement as possible, to stress test the network before the mainnet launch occurs. As CryptoPotato reported earlier, the project has also managed to enter Polkadot’s ecosystem.

Calling All Validators

More than 200 validators participated in Bluzelle’s first Swarm of Duty event over the summer. Bluzelle has structured its testnet events like military exercises, pitting different army factions against one another. Each of the groups participating in the event has different duties to perform, which sometimes conflict with those of other units. This is deliberate to determine how the network performs under adversarial conditions.

At the top of the pecking order are Special Forces (Tier 3), reserved for hardcore Bluzelle DevOps and developers who know the protocol inside out and are heavily invested in its success. Then comes the Armory (Tier 2), made up of validators who are experienced at running blockchain nodes and in earning fees for maintaining the network’s consensus rules. Finally, there is the Infantry (Tier 1), comprising end-users who wish to run their own node using their own hardware or cloud servers.

An Almighty Battle With Prizes at Stake

Bluzelle has devised an array of tasks for each of the groups participating in Swarm of Duty II to complete. For example, its Special Forces have been tasked with providing oracle price feeds by connecting to external data sources via API.

Oracles are crucial in enabling blockchains to execute smart contracts based on the outcome of real-world events, ranging from sports results to the weather.

Ultimately, Bluzelle is seeking feedback and suggestions of all kinds from its community on matters ranging from technical infrastructure to UX. As a result, it’s created an open category for creative ideas that will help to improve the network in every conceivable way. Swarm of Duty II is expected to be the final incentivized testnet before Bluzelle releases its mainnet. At that point, its 10,000 TPS blockchain will be rolled out to dApp developers.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/bluzelle-launches-second-swarm-of-duty-validator-program-as-mainnet-looms/

Continue Reading

Blockchain

Bitcoin Surges After Bulls Defend Key Level; What Analysts are Watching For

Avatar

Published

on

Bitcoin is in the process of pushing higher today, with bulls aiming at sending the cryptocurrency up towards the resistance that it has long faced within the mid-to-upper $19,000 region.

If the selling pressure here remains constant and continues hampering the cryptocurrency’s growth, then bears may be poised to gain some control over BTC’s price action and send it reeling down towards $18,000 once again.

Where it trends in the mid-term will depend largely on whether or not it can maintain the trend of setting higher-lows after each rejection around its highs.

Last week, BTC plunged as low as $16,400 after facing a rejection around $19,500. Earlier this week, a rejection around the same price level caused it to plunge to lows of $18,200.

If it faces another rejection at these highs, bulls must hold it above $18,200 to continue setting higher-lows.

One trader is now noting that the continued defense of the mid-$18,000 region seen throughout the past few days and weeks is a bullish development for the cryptocurrency and may indicate that further upside is imminent in the near-term.

Bitcoin Pushes Towards Critical Resistance Level

At the time of writing, Bitcoin is trading up over 1% at its current price of $19,530, marking a massive climb from its recent lows of $18,200 set earlier this week.

These lows came about shortly after the cryptocurrency rallied past $19,800 and faced an immense rejection.

The selling pressure here has sparked multiple selloffs, and it remains unclear whether or not the next test will allow it to break above this region.

Analyst Claims BTC Strong After Holding Key Support

One trader explained in a recent tweet that Bitcoin is growing stronger the longer it holds above the mid-$18,000 region.

He notes that the buying pressure here has been quite intense and that the cryptocurrency’s trend may remain firmly in bulls’ favor so long as it doesn’t face any intense selloff.

“BTC update: Looks like the apes won this round. Generally, the $18.3-$18.7 area is an important one, violate it and best case we chop, worst case we shake out/correct. Any low timeframe bullishness hinges on that support level which so far seems to be holding.”

Bitcoin

Image Courtesy of DonAlt. Source: BTCUSD on TradingView.

Whether or not Bitcoin can hold firmly above the mid-$19,000 region should provide insight into where it will trend as the end of the year approaches.

Featured image from Unsplash.
Charts from TradingView.

Source: https://www.newsbtc.com/analysis/btc/bitcoin-surges-after-bulls-defend-key-level-what-analysts-are-watching-for/

Continue Reading
Blockchain2 days ago

Greenheart Punt World Debut on DigiFinex

Blockchain4 days ago

Coinbase unwilling to participate in Spark’s airdrop

Blockchain4 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain1 day ago

IlCOIN Launches Blockchain-Powered VR First on Steam

Blockchain4 days ago

EOS Finds Support above $2.80, Resumes Upside Momentum

Blockchain4 days ago

ECB Lays out ‘Reinvention of Money’ Strategy

Blockchain2 days ago

Mining City: A Blueprint for Success?

Blockchain5 days ago

Ripple price prediction: XRP to hit $0.67 next, analyst

Blockchain5 days ago

Bitcoin Price Prediction: BTC/USD Resumes Upside Momentum, Struggles to Break Above $18,000 Price Level

Blockchain4 days ago

Litecoin Price Prediction: LTC/USD Ready to Revisit $80; Further Upside is Limited

Blockchain5 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain5 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain5 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain5 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain5 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain4 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain5 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain5 days ago

Guggenheim opens door to bitcoin exposure for $5 billion macro fund via Grayscale GBTC product

Blockchain4 days ago

Ethereum Strengthens Polish City’s Emergency Services

Blockchain4 days ago

Bitcoin Price Prediction: BTC/USD Back Above $17,500 Level as the King Coin Recovers

Blockchain4 days ago

Trading 212, PayPal Crypto User Ban, BTC and ETH Tank: Editor’s Pick

Blockchain5 days ago

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

Blockchain5 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain5 days ago

Bitcoin Climbs 5%, Why $18.2K Holds The Key For More Upsides

Blockchain5 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain5 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain3 days ago

Yearn Finance Continues Growing with Latest DeFi Acquisitions

Blockchain5 days ago

Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin

Blockchain4 days ago

Bitcoin (BTC) Surges 5% Above $18,000 As Guggenheim’s Entry Sparks Excitement

Blockchain4 days ago

Bitcoin Grows By 5%, $18K Level Holds The Key For More Upsides

Blockchain4 days ago

Guggenheim Partners may be the next big player to bet on Bitcoin

Blockchain4 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain5 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain4 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain4 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain4 days ago

Weekend bull trap? Traders remain cautious as Bitcoin price rebounds to $18K

Trending