Connect with us

Blockchain

PARSIQ’s new blockchain monitoring platform brings additional security and stability to exchanges and stablecoins

Avatar

Published

on

For anything beyond basic analysis, the current generation of block explorers are not up to scratch.

PARSIQ believes its new blockchain monitoring and intelligence platform will change all that, allowing the automation and deep analysis features necessary to perform monitoring of blockchain at scale and in realtime.

At the moment, if existing block explorers such as Etherscan don’t offer the required features, then companies need to build their own solutions. PARSIQ is offering something new, a complete platform on which companies and individuals can run their own code, backed by a query language, ParsiQL, and allied technologies such as smart triggers.

With mempool monitoring, it plans to create new tools that can react to new transactions before they have been committed to the next block of a blockchain.

PARSIQ’s current clients include a stablecoin and a crypto exchange.

BRZ Token is a stable coin backed by the Brazilian Real, is piloting PARSIQ’s platform to ensure the security and stability of operations. By analyzing market activity and by providing real-time auditing, PARSIQ ensures the token’s convertibility demands are met.

Thiago Cesar, founder at BRZ Token said: “BRZ is the biggest stable coin in Brazil, and having a reliable way to track and get notified of crypto transactions is essential for any project that has a serious commitment to security and compliance. PARSIQ’s platform is instrumental in supporting these demands by providing us with realtime monitoring of transaction activity.”

CoinMetro, a cryptocurrency exchange, is already working with PARSIQ on the compliance side for KYC (Know Your Customer), and is now looking to integrate it into the wider exchange platform to enhance security and offer value-add services.

Kevin Murcko, CoinMetro CEO, said: “PARSIQ is a big part of our compliance strategy, the platform is already monitoring exchange deposits in realtime to ensure they come from legitimate sources. We’re now looking at deeper integration, using it to provide realtime alerts on any unusual or suspicious events on the exchange to make CoinMetro even more secure. We’re also looking at PARSIQ’s market intelligence features to give more information and market insights to our traders.”

The post PARSIQ’s new blockchain monitoring platform brings additional security and stability to exchanges and stablecoins appeared first on CryptoNewsReview.

Source: https://cryptonewsreview.com/parsiqs-new-blockchain-monitoring-platform-brings-additional-security-and-stability-to-exchanges-and-stablecoins/

Blockchain

Crypto Markets Shed $10 Billion in Hours as Bitcoin Loses $400 (Market Watch)

Avatar

Published

on

After a sharp price jump towards $13,650 intraday, Bitcoin has retraced and trades around $13,200. The alternative coins continue to bleed out, and the total market capitalization has dropped below $390 billion.

Bitcoin To $13,650 And Back On ECB Stimulus News

Following the latest 2020 high, Bitcoin got rejected and lost nearly $1,000 of value in hours a few days ago. Since then, the asset has been struggling with the $13,000 level.

After another dip below it, BTC went on a roll yesterday. This resulted in a daily high of almost $13,700 (on Bitstamp). Interestingly, the impressive price increase came shortly after the European Central Bank said that it could seek a new stimulus package in December.

“The Governing Council will recalibrate its instruments, as appropriate, to respond to the unfolding situation and to ensure that financing conditions remain favorable to support the economic recovery and counteract the negative impact on the pandemic on the projected inflation path.”

More impactful news came from the US. The jobless claims fell to a 7-month low – a level not registered since before the COVID-19 outbreak.

Wall Street also felt the positive effects. The three most prominent US stock indexes closed Thursday’s trading session in the green. However, the futures contracts have dropped after hours.

Bitcoin has mimicked the stocks’ performance, but being a 24/7- traded asset, it started dropping shortly after Wall Street closed doors. BTC has lost about $450 and currently sits around $13,200.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Blood On The Altcoins Street

The situation within the alternative coin market is unfavorable, to say the least. As the graph below demonstrates, all alternative coins are in the red on a 24-hour scale.

Ethereum struggles with $380 after a 2.4% drop. Ripple’s near 4% decline has taken XRP beneath $0.24. Bitcoin Cash (-2.2%), Binance Coin (-7%), Chainlink (-6%), Polkadot (-9%), Cardano (-9%) have all lost significant chunks of value from the top ten coins.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Further losses come from the lower and mid-cap altcoins. Reserve Rights has dropped by 20%, Yearn.Finance by 17.5%, and Synthetix Network Token by (-17%).

Other double-digit price declines are evident from Ampleforth (-16.7%), ABBC Coin (-16.7%), Ocean Protocol (-16.5%), Compound (-14.5%), Band Protocol (-14%), Algorand (-13%), Ren (-13%), and more.

The total market capitalization has seen $10 billion evaporate in a day and $20 billion in two days.

Cryptocurrency Market Capitalization. Source: CoinMarketCap
Cryptocurrency Market Capitalization. Source: CoinMarketCap
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).

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/crypto-markets-shed-10-billion-in-hours-as-bitcoin-loses-400-market-watch/

Continue Reading

Blockchain

After Buying 38,250 Bitcoins, MicroStrategy Has Become A Full Node On The BTC Network

Avatar

Published

on

After purchasing a sizeable amount of bitcoins for himself and his company, Michael Saylor said that the firm he operates, MicroStrategy, has been running a full node of Bitcoin’s latest core version for over a month.

MicroStrategy Runs A Full BTC Node

Bitcoin nodes are an essential part of the Bitcoin blockchain peer-to-peer network. Running a full node means validating transactions and blocks. Almost all nodes also help the network by accepting transactions and blocks from other nodes to validate and relay them.

There’re certain requirements necessary to run a full node, such as robust hardware, reliable and fast internet connection, and the ability to leave the device running for hours without interrupting the connection.

The decentralized nature of the Bitcoin network requires as many volunteers as possible. Otherwise, the consequences could lead to slow transactions, inability to connect through the P2P network, and relying on centralized services.

Anyone fitting the requirements can join the network and become a Bitcoin Core node. According to Michael Saylor, the company he founded over three decades ago has done precisely that.

In a recent tweet, he said that MicroStrategy is “thrilled to do our part to support the growth of the Bitcoin network,” after running a full node for over a month of Bitcoin Core’s latest version – 0.20.1.

Pro-Bitcoin All the Way

The Nasdaq-listed company announced buying its first batch of bitcoins in August, followed by another massive purchase just a month later. In total, the firm acquired 38,250 bitcoins for about $425 million at the time. This represents about 0.18% of all bitcoins ever to exist.

MicroStrategy doubled-down on its belief in Bitcoin recently by instituting a new treasury reserve policy. It reads that “Bitcoin will be the primary treasury reserve asset.” Additionally, the firm said it will purchase even more BTC with the excess cash it generates.

The company’s CEO has been particularly supportive of the asset in the past several months. Earlier this week, Saylor disclosed that he’s a Bitcoin HODLer as well. His personal portfolio consists of 17,731 bitcoins (worth about $235 million).

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).


Source: https://cryptopotato.com/after-buying-38250-bitcoins-microstrategy-has-become-a-full-node-on-the-btc-network/

Continue Reading

Blockchain

Crypto Price Analysis & Overview October 30th: Bitcoin, Ethereum, Ripple, Chainlink, and Binance Coin

Avatar

Published

on

Bitcoin

The Bitcoin price surge continued this week and it managed to increase by 4.5% to reach $13,60 at the time of this writing. The coin was trading slightly above $13,000 last Friday and moved sideways along this level over the weekend.

On Tuesday, Bitcoin started to surge higher as broke resistance at $13,415, climbed above $13,500, and reached the resistance at $13,815 (1.272 Fib Extension). The bulls could not close a daily candle above this resistance, which led to Bitcoin dropping as low as $13,000 on Wednesday.

Since then, Bitcoin has traded sideways in a wide range between $13,815 and $13,000.

Looking ahead, if the buyers push higher again, the first level of resistance lies at $13,500. Following this, resistance lies at $13,815, $14,000, $14,190, and $14,500 (1.618 Fib Extension).

On the other side, if the sellers push lower, the first level of strong support lies at $13,000 (.236 Fib Retracement). Added support then lies at $12,750, $12,500 (.382 FIb Retracement), $12,236 (downside 1.618 Fib Extension), $12,100 (.5 Fib), and $12,000.

btcusd_chart
BTC/USD Daily Chart. Source: TradingView

Ethereum

Ethereum saw a sharp 8.3% price drop this week as it falls into the $380 support (.5 Fib Retracement). Last Friday, Ethereum struggled to break above the resistance at $416 – provided by a bearish .618 Fib Retracement. It rolled over from here and started to head lower during the week as it fell beneath $400.

Initially, Ethereum managed to find support at $389 (.382 Fib Retracement). However, the sellers broke past this support today as it plummeted into the $377 level (.5 Fib Retracement).

Moving forward, if the sellers break beneath $377, the first level of support lies at $364 (2019 High). Beneath this, support lies at $355 (100-days EMA), $350, and $342.

On the other side, if the buyers can rebound from $377, resistance lies at $390, $400, $410, and $416.

ethusd-oct30
ETH/USD Daily Chart. Source: TradingView

Against Bitcoin, Ethereum has struggled heavily this week as it hits as low as 0.0284 BTC(Feb 2020 Highs). The coin was trading above 0.031 BTC at the start of the week as it was trading at the 100-days EMA resistance. From there, ETH headed lower as it collapsed beneath both 0.031 BTC and 0.030 BTC in a couple of days.

The coin continued to plummet over the last few days as it dropped beneath the 200-days EMA and 0.029 BTC to reach the current support at 0.0284 BTC.

Looking ahead, if the selling continues to break 0.0284 BTC, support lies at 0.0281 BTC, 0.0278 BTC, and 0.027 BTC.

On the other side, resistance is first expected at 0.029 BTC. This is followed by resistance at the 200-days EMA, 0.03 BTC, and 0.0305 BTC.

ethbtc-oct30
ETH/BTC Daily Chart. Source: TradingView

Ripple

Ripple also saw quite a sharp 7.8% price fall this week as the coin drops beneath the 200-days EMA into the $0.237 level. Last Friday, XRP was trying to overcome resistance at a falling trend line but could not do so. As a result, the coin headed lower throughout the week and broke beneath the 100-days EMA yesterday.

Today, XRP continued lower to break beneath a rising trend line (the lower boundary of a triangle) to drop beneath the 200-days EMA and hit the current $0.237 support. XRP spiked as low as $0.23 today, but the buyers have since pushed the price higher.

Moving forward, if the selling continues beneath $0.237, support initially lies at $0.23. This is followed by support at $0.228 (.618 Fib), $0.22, and $0.217.

On the other side, the first level of resistance lies at $0.24. Added resistance lies at $0.245 (100-days EMA), $0.251 (bearish .382 Fib), and $0.261 (bearish .5 Fib).

xrpusd-oct30
XRP/USD Daily Chart. Source: TradingView

XRP is currently in a terrible downward spiral against BTC and reached lows that have not been since December 2017 this week. It was trying to reclaim the resistance at 2000 SAT last Friday but failed to do so and proceeded to plummet over the weekend.

The price collapse continued throughout the week as XRP reached as low as 1755 SAT today. The buyers have since pushed it higher slightly to trade near 1780 SAT, but the situation is extremely bearish.

Looking ahead, it is likely that the selling will continue. If the sellers push beneath 1755 SAT, additional support is found at 1730 SAT, 1700 SAT, 1680 SAT, 1650 SAT, and 1600 SAT.

On the other side, resistance lies at 1800 SAT, 1865 SAT, and 1900 SAT.

xrpbtc-oct30
XRP/BTC Daily Chart. Source: TradingView

Chainlink

LINK saw an 8.6% price fall over the past week as it approaches the lower boundary of an ascending price channel. The coin was trading at the upper boundary of this price channel at the start of the week but was unable to break above it. A bearish .5 Fib Retracement further bolsters the upper boundary at $12.75.

As a result, LINK rolled over and started to head lower throughout the week as it broke back beneath $11.50 to reach the current $10.95 level.

Looking ahead, if the bears push LINK lower, the first level of support lies at $10.50 – the lower boundary of the price channel. If the sellers break beneath the channel, support lies at $10, $9.80, $9.00, and $8.77.

On the other side, if the buyers can rebound at the lower boundary, resistance lies at $11.50, $12, and $12.75 (bearish .5 Fib Retracement).

linkusd-oct30
LINK/USD Daily Chart. Source: TradingView

Against Bitcoin, LINK has also been falling this week. It was trading near 100,000 SAT last Friday but started to head lower from here. It dropped beneath 90,000 SAT throughout the week and fell beneath a rising trend line yesterday to hit 80,777 SAT today.

Moving forward, if the sellers break beneath 80,777 SAT the first level of support lies at 80,000 SAT. Beneath this, support is found at 75,600 SAT (downside 1.414 Fib Extension), 70,000 SAT, 68,400 SAT, and 60,000 SAT (.786 Fib Retracement).

On the other side, resistance lies at 86,800 SAT. Above this, resistance is expected at 90,000 SAT, 94,300 SAT, and 100,000 SAT (bearish .382 Fib Retracement).

linkbtc-oct30
LINK/BTC Daily Chart. Source: TradingView

Binance Coin

BNB also suffered a 7.6% price fall this week as it drops into the $28.17 support (.382 Fib Retracement). BNB managed to climb above $32 on Tuesday, but the sellers quickly stepped in to push the coin lower.

Today, BNB fell sharply beneath $30 and continued to fall until support was found at $27.54 (downside 1.272 Fib Extension). It has rebounded from here and is now trading at $28.17 (.382 Fib).

Looking ahead, if the bulls can continue to rebound from the current support, the first level of resistance lies at $29.30. This is followed by resistance at $30, $30.72, $31.30, and $32.

On the other side, if the sellers push beneath $28.17, support lies at $27.55, $27 (.5 Fib), $26.34 (fownside 1.618 Fib Extension), and $25.84 (.618 Fib).

bnbusd-oct30
BNB/USD Daily Chart. Source: TradingView

Against Bitcoin, BNB created a fresh October low today at the 0.00207 BTC level (downside 1.272 Fib Extension). The coin was trading at around 0.00236 BTC last Friday, and it pushed higher on Monday and Tuesday to reach as high as 0.00242 BTC. It was unable to break this resistance, which caused the coin to roll over and head lower.

Today, BNB dropped beneath the support at 0.0222 BTC (.618 Fib), and it dropped lower to reach the support at 0.00212 BTC – where it is currently trading.

Moving forward, if the sellers continue to push lower, the first level of support lies at 0.00206 BTC (downside 1.272 Fib Extension). Following this, support is found at 0.002 BTC (.786 Fib), 0.00194 BTC, and 0.0019 BTC.

Resistance is expected at 0.0022 BTC, 0.0023 BTC, and 0.00235 BTC.

bnbbtc-oct30
BNB/BTC Daily Chart. Source: 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).

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/crypto-price-analysis-overview-october-30th-bitcoin-ethereum-ripple-chainlink-and-binance-coin/

Continue Reading
Blockchain5 days ago

Market Analysis Report (26 Oct 2020)

Blockchain3 days ago

Market Analysis Report (28 Oct 2020)

Blockchain4 days ago

I Disagree With Armostrong: Ripple CEO on Coinbase Apolitical Policy

Blockchain4 days ago

The PayPal Effect: Billionaire Chamath Palihapitiya And Libra’s Chief Believe Banks Will Support Bitcoin

Blockchain4 days ago

Ripple Price Analysis: XRP Suffers Hard As Fresh Lows Against Bitcoin Incoming

Blockchain4 days ago

PayPal brings ‘crypto gambling’ to US retailers: economist Nouriel Roubini

Blockchain4 days ago

BTC Price Analysis: Bitcoin Weakens As Wall Street In Deep Red, Is $14K Target Intact?

Blockchain3 days ago

Andre Cronje’s New DeFi Token Keep3rV1 [KP3R] Surges By Nearly 500% In A Day

Blockchain4 days ago

DEX Volumes Spike to $5 Billion Following $25 Million DeFi Hack

Blockchain4 days ago

User Transferred $1.15 Billion (0.4% Of Total Bitcoins) Transferred for $3.6 Fees

Blockchain5 days ago

Huobi Launches USDT-Margined Swaps at the End of October

Blockchain4 days ago

Remembering Room77, Bitcoin’s Favorite Bar

Blockchain4 days ago

Monero price prediction: XMR to reach $161, analyst

Blockchain4 days ago

COVID-19 impact on the blockchain market

Blockchain5 days ago

Crypto Market Analysis: 26th October 2020

Blockchain5 days ago

Coinmama review – Why it’s a safe and good option

Blockchain5 days ago

I Disagree With Armostrong: Ripple CEO on Coinbase Apolitical Policy

Blockchain4 days ago

The PayPal Effect: Billionaire Chamath Palihapitiya And Libra’s Chief Believe Banks Will Support Bitcoin

Blockchain4 days ago

Projects driving cryptocurrency adoption

Blockchain4 days ago

IG Prime Integrates Bloomberg’s Execution Management System EMSX

Blockchain4 days ago

Bitcoin and Cryptocurrency Market Analysis – 26.10.2020

Blockchain22 hours ago

Market Analysis Report (30 Oct 2020)

Blockchain5 days ago

Treasury official appointed to crypto-risk management platform

Blockchain4 days ago

September 2016 All Over Again: Number Of Bitcoin Whales Shatters Record Highs Following Recent Price Rally

Blockchain4 days ago

Daniel Masters is for blockchain against banking

Blockchain1 day ago

Gemini to Offer Real-Time Crypto Tax Services

Blockchain5 days ago

Most Crypto Exchanges Can’t Afford Basic Cybersec for $4M per Year

Blockchain5 days ago

SwapSpace: Quick Cryptocurrency Swaps at No Additional Fees

Blockchain5 days ago

Bitcoin fan Jack Dorsey to talk DeFi at Africa Fintech Summit

Blockchain5 days ago

US Bail Funds Are Seeing an Uptick in Cryptocurrency Donations

Blockchain4 days ago

News of News For Bears and Bulls

Blockchain4 days ago

McAfee continues to promote cryptocurrencies from his Spanish jail cell

Blockchain4 days ago

Hedge Funds Failures, Bankruptcies and Pandemic Fatigue

Blockchain4 days ago

Paypal spark fury and accusations of “Crypto Gambling”

Blockchain4 days ago

Chainlink Rejected At Key Mathematical Level, But Geometry Points To Upside

Blockchain5 days ago

Hacker Returns $2.5 Million to Harvest Finance Deployer Contract

Blockchain5 days ago

Toyota goes crypto!

Blockchain4 days ago

Crypto trust and security issues adamant despite blockchain adoption

Blockchain2 days ago

Andre Cronje’s new KP3R token surges 2000% in hours

Trending