Blockchain adoption Continues to Pick up Pace. Twitter jumps on the bandwagon
As Bitcoin’s recent rally cools, technical signals suggest the biggest cryptocurrency could face further headwinds ahead.
The trading range between Bitcoin’s 50- and 200-day moving averages has diminished to its narrowest since June, potentially indicating that an inflection point may be on the horizon. Though Bitcoin’s already fallen below its 50-day moving average, a drop below the 200-day could trigger a sell signal.
If the bears succeed in breaking below $7,085.80, the next stop is likely to be the recent lows of $6,512.01. We anticipate the bulls to launch a strong defense of this level. Nonetheless, if this support also cracks, the sentiment will turn sour and a deeper correction to $5,533.90 is possible. Adding to this narrative would be the numerous reports that the longs outweighs the shorts by a far margin and typically this should result in a long squeeze.
Ethereum Network Upgrade Completed
ecxx has upgraded our client to be fully compatible with the Ethereum Istanbul Hard Fork. This upgrade includes six Ethereum Improvement Proposals (EIPs), specific code changes to the Ethereum protocol, including EIPs 152, 1108, 1344, 1844, 2028 and 2200.
IDRT Holding Competition
PT Rupiah Token Indonesia is a venture-capital backed startup based in Jakarta, Indonesia. We are the creator and issuer of Rupiah Token (IDRT), the first stablecoin that is backed 1:1 by Indonesian Rupiah. The team’s mission is to boost the acceptance of Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system.
From now till 31th Dec, a pool of 3,000,000 IDRT will be distributed to IDRT holders according to their holding amount within the 3-week period. The more IDRT you hold, the higher bonus you will receive!
Minimum holding amount to participate is 200,000 IDRT. The event will be announced on 3 January 2019 and the IDRT will be sent to the respective address on the announcement day by Rupiah Token.
Official Website : https://rupiahtoken.com/
Twitter : https://twitter.com/RupiahTokenIDRT
Telegram : https://t.me/rupiahtokenindonesia
Interview with Cryptoknowmics
We are honored to be invited for an interview with Dr. Vineesh from Cryptoknowmics during the World Blockchain Summit at Intercontinental Hotel Bangkok, Thailand where Branson shares his vision for ecxx & the blockchain industry. Full footage of the interview below :
Twitter is funding research into a decentralized version of its platform
Twitter is funding a small team of researchers to build an “open and decentralized standard for social media,” with the goal of making Twitter a client for that standard. CEO Jack Dorsey announced the news and laid out his reasoning in a tweet thread this morning, although he acknowledged that the process could take years.
The project is called Bluesky, and nobody’s working on it yet. Twitter CTO Parag Agrawal is tasked with finding a lead for the project, who will build a team of up to five people. The Bluesky account’s only tweet quotes Dorsey with the comment “lo” — a reference to the first message ever sent on the internet.
MARKET PULSE 🔥
The Fear and Greed index remains largely unchanged from last week, indicating the market is still not exactly ready to be buying back into the market.
Bitcoin Energy Consumption Index
According to the Bitcoin Energy Consumption Index, the Bitcoin's current estimated annual electricity consumption (TWh) is at 73.12.
Is Bitcoin Mining still profitable in the current market?
Baron Rothschild famously said : “ The time to buy is when there is blood on the street.”
So… have you prepared your shopping carts yet?
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