Host of CNBC’s Crypto Trader: ‘Everyone Should Dump BTC and BCH and Just Put All Their Money Into XRP!’

On Saturday (17 November 2018), Ran Neu-Ner, the host of CNBC Africa’s “Crypto Trader”show, while commenting on the “Bitcoin Cash Civil War,” made the following comment in jest: “These hash wars highlight why everyone should dump BTC and BCH and just put all their money into XRP!”

It should be noted, right from the start, that Ran Neu-Ner, who is the co-founder Onchain Capital, “a fund management business that offers eligible investors professional portfolio management services within the emerging Blockchain and CryptoAsset class,” made this joke as a tweet on his private Twitter account and not on the air or as a representative of CNBC:

When one crypto enthusiast (Bruce Stewart) told him via a reply tweet that he was “giving financial without a license,” Ran replied: “I have a license.”

Although Ran’s tweet was most likely intended as a joke, it is true that his appreciation for XRP and its highly knowledgeable and passionate community has grown enormously over the past few months.

Earlier today, he revealed the results of a Twitter poll he conducted yesterday; this poll asked his followers if they were to be given a gift worth $10,000 that they had to keep for ten years, in what form they would choose to accept it, and the four options were: Bitcoin, XRP, BCH SV, and American Airline Miles:

As you can see from the tweet above, so far, XRP is the top choice, and leading Bitcoin by 13%.

Although this has been a bad week for most cryptocurrencies, XRP managed to overtake Ether (ETH) to become the second-most valuable cryptocurrency.

XRP 2 Week Chart - 18 Nov 2018.png

According to data by CryptoCompare, at press time (13:35 UTC on November 18th), XRP is trading at $0.5162, up 6.96% in the past 24-hour period. Meanwhile, third-place (by market cap) Ether, although up by 0.81% in the past 24-hour period, still has a market cap that is almost $2.4 billion less than that of XRP.

Author: Siamak Masnavi
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Bitcoin will still be able to hit $15,000 USD by the end of the year, according to Tom Lee

Tom Lee, the Fundstrat CEO and bullish Bitcoin advocate, has brought his original prediction about Bitcoin’s price down by $10,000 USD.

Fundstrat CEO Tom Lee, a prominent Bitcoin advocate, is known for his bullish approach to Bitcoin’s price. Despite the drastic downturn in the market, Lee still believes Bitcoin will be hitting a high figure by the end of the year.

Speaking with CNBC, Lee claims that the cryptocurrency will be able to reach a figure of $15,000 USD. In August of this year, Lee advocated that Bitcoin would be looking at a value of $25,000 USD. Although Lee is still claiming that Bitcoin will be ranging high, he has brought his figure down by a significant portion.

When Bitcoin was showing signs of non-volatility at the beginning of the month, Lee also claimed that the bottom of the cryptocurrency’s price would be at $6,000 USD. Since then, Bitcoin plummetted to figures of less than $5,400 USD – the lowest that the token has seen this year.

Although Lee is confident that Bitcoin will be able to recover from the dramatic decline following last week’s market crash, he also has noted that the psychology behind the markets is important and that anything below a certain point – that is $6,000 USD – will spark a “renewed wave of pessimism“.

Like other figureheads in the cryptocurrency market, Lee is blaming the decline on “crypto-specific events” such as the hardfork which Bitcoin Cash recently underwent – something which has been stirring the market since the controversy of the split.

At the time of press, Bitcoin is trading for $5,601.29 USD – which is a 0.99% increase in day-on-day trading figures.

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Electroneum Price Rise can Push Altcoin Into Market Cap top 50

Under the current market circumstances, no real uptrend can be expected among major cryptocurrencies. As the total market cap continues to decline every single day, it is evident this latest slump may not be overcome that easily. For Electroneum on the other hand, things are not looking all that bad. Its value is in the green, and a re-entry into the market cap top 50 is very likely.

Electroneum Price Shows Promise

Considering how nearly all currencies in the top 50 are either in the red or barely in the green, there is not much to be excited about at this time. That situation will come to change moving forward, as the Electroneum price is making some big moves. As all of the coins surrounding ETN are down in the dirt, there is a good chance this altcoin will effectively rise up again and reclaim its position among the first 50.

Over the past 24 hours, there has been a notable increase where the ETN price is concerned. Thanks to a 4% gain in USD value and a 4.5% increase over Bitcoin, things suddenly look a bit differently from just a few days ago. At the same time, this pushes the Electroneum value to $0.0127 again. A very interesting development, albeit one has to keep in mind there may not necessarily be too many further gains over the weekend.

There is some good news which warrants an ETN price spike. Using this altcoin to pay for goods and services is becoming a lot easier, by the look of things. Paying for a pizza is a significant milestone for Electroneum as a similar payment kicked off Bitcoin’s rise to dominance. While it may not mean much for ETN in the short-term, it is pretty interesting regardless.

My Crypto Advocate is one of those traders who can’t see a lengthy Electroneum price trend forming at this stage. Instead, he expects the ETN downtrend to continue throughout 2018 and early 2019. This is not necessarily the best time to invest in cryptocurrency, as no currency has found a stable floor whatsoever. As such, this latest ETN uptrend may not last all that long.

Other signs seem to confirm a similar outlook, which is not necessarily all that promising. Ed confirms the ETN price on KuCoin is seemingly subject to a bit of manipulation. Someone – or a bot  – is keeping the price down – allegedly – every time a small uptrend is noted. This is not entirely uncommon behavior among exchanges, and it is certainly not unique to Electroneum either.

As is always the case during the weekends, things can get very interesting in quick succession. For Electroneum, its incredibly low trading volume will be a hindrance first and foremost. Just $570,000 worth of volume will not make this market move by much in either direction. As such, one has to wonder if a dip to $0.0125 will materialize fairly soon.

Author: JP Buntinx
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Ripple’s xRapid Client, FLEETCOR, About Buying Western Union Business Payments

Ripple’s xRapid –Information reaching us states that Western Union and FLEETCOR are nearing an agreement to completely sell the WU’s business payments operationsPE Hubstated on Wednesday, November 15, 2018.

PE Hub, which cited three unnamed sources, airs that Citi is the dealing advisor, stating further that the deal could reach nothing less than $600 million.

While this has not been confirmed, Deutsche Bank Analyst Ashish Sabadra said in September that FLEETCOR is a prospective purchaser of Western Union’s business payments unit.

The statement was succeeded by Bloomberg reports indicating that Western Union was doing an underground work to sell the operations that provides cross-border B2B payments services.

Sabadra maintained in the report that Cambridge Global Payments, a subsidiary acquired last year by FLEETCOR makes the firm a growing B2B payments company. Sabadra believes the acquisition of Western Union business payments assets is a step forward for the payment company.

Ripple and FLEETCOR Technologies Explores Ripple’s xRapid

1st March 2018, Ripple (XRP) announced that Cambridge Global Payments, a subsidiary of FLEETCOR Technologies, has decided to launch a pilot program that purposely intends using XRP in cross-border payment flows through xRapid.

With its over 13,000 clients across the globe, Cambridge handles around $20 billion in international transactions every year.

The company decided to make use of XRP in order to provide its clients with the state of the art cross-border payments experience that is more transparent, cheaper, and faster. The firm is also looking into xCurrent.

The purchase of Western Union’s Business Payments operation is a step closer to WU’s expected decision to use any of Ripple’s cross-border tools like xVia, xCurrent, or xRapid.

Ripple (XRP) Elbows Ethereum (ETH) Down To Third, Sits Confidently On The Second Position

The market is regaining its strength back and many coins are beginning to flaunt green colors in the market. Ripple’s XRP seems to be an opportunist of the recent bearish market and the present recover.

In the recent bearish market, while many were plunging massively, losing big from their market cap, XRP got affected slightly and lost not so much from its market cap compared to the like of Ethereum (ETH) making it displace the then known world second largest Cryptocurrency in the table.

XRP has since been the second position while Ethereum maintains the third position.

Also, while the last 24 hours has been featured with market recovery, Ripple (XRP) is placed amongst the top gaining coins in the market, spacing Ethereum (ETH) with wider margin which some referred to as an irreconcilable gap.

After starting the last 24 hours priced $0.4568 according to Coinranking, the altcoin began its upside trend trip on the rising wedge and it is yet to relent.

Xrp Price Today Takes Over Ethereum

At the early hours of the Asian trading session today, trade pair XRP/USD attained its highest price of the day, $0.4852, as at press time.

As at the time of writing this article, XRP/USD has added 3.21% to its value in the market, and it is priced $0.4715 against dollars.

Author: Oliver Green
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Pantera Capital CEO: In a Decade Billions of People Will be Using Bitcoin

In the expressions of the CEO of bitcoin speculation firm Pantera Capital, Dan Morehead, problematic innovations more often than not procure the title ‘classification executioners’ yet on account of bitcoin it is a ‘sequential executioner’.

Morehead said this is on the grounds that it will upset ‘handfuls’ of parts with the digital money as of now having exhibited the ability to conceivably turn the tables in some sub-areas in the monetary business.

“It’s incredible at cross-fringe cash development it’s extraordinary at putting away your riches particularly on the off chance that you live in a nation with devaluing money or capital controls, ” said in a meeting with Bloomberg.

Per Morehead, bitcoin’s greatest days lie ahead as it will be conceivable to utilize it for making ordinary exchanges, for example, espresso buys “throughout the following decades”. Also, Morehead noticed that while the advancement of the web decades prior disturbed different segments, the monetary segment was to a great extent left immaculate. Bitcoin will be that as it may, enable clients to render banks, Mastercard and settlement firms out of date by empowering distributed exchanges.

Pantera Capital’s supervisor likewise seen that one of the greatest difficulties presently confronting bitcoin is versatility as the number of exchanges every second is constrained to single digits. Morehead, in any case, communicated idealism this would be unraveled:

“So the next couple of years are all about scaling these blockchains so that they are able to handle tens of thousands of transactions per second or even hundreds of thousands…”

“Six or eight years ago there was probably a million people on earth using it, now there are 50 million people that use. I think in a decade it’s going to be billions of people using it…”

Additionally, big business has also jumped onto the blockchain and cryptocurrency bandwagon according to Pantera Capital’s boss:

“…Multinational corporations are embracing blockchain. IBM … just saw an ad for Walmart saying they are going to do lettuce on the blockchain… and stock exchanges doing bitcoin exchange… Fidelity is doing crypto custody… so it’s now reached a kind of mainstream adoption…”

Author: The Coin Republic Admin
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A BCASH Civil War Might Actually Be Good For Bitcoin – Here’s Why

The crypto world has seen lots of online exchanges between two rival Bitcoin Cash camps over the last few weeks. However, the real concern is just how much this battle will impact Bitcoin, now that the planned system upgrades or forks have gone live.

The Battle Of The Forks

On one side, you have Craig Wright with BCH Satoshi Vision, and on the side you have Bitmain’s Jihan Wu and’s Roger Ver with BCH ABC. BCHSV is conservative in that it wants to keep the network in its original form only meant for financial transactions. On its side, the BCHABC camp wants to upgrade the system to make a modern platform similar to Ethereum that can be used to develop other solutions.

The BCH “Game of Thrones” has been heating up for months. At the moment, Bitcoin Cash ABC seems to be gaining more support, with influential people like John McAfee and Roger Ver throwing their weights behind it. It has also gained favor with Bitstamp, a fairly large crypto exchange. Binance has announced that it will support both BCHABC and BCHSV on its trading and exchange platform.

BCASH ABC Is Prevailing

Besides gaining traction in terms of support, BCHABC has started out well ahead of its rival. Within hours of the fork going live, BCHABC had mined over 50 blocks more than BCHSV. BCHABC mined the first two blocks while BCHSV took the third, pronouncing the official split of the chain.

One of the main reasons for the apparent success of the BCHABC chain is the support it has drawn from Bitmain and Roger Ver mining pool possesses a hash power that’s double the total power of the BCH network.  That makes a great difference especially as Roger Ver announced that the organization will be redirecting its Bitcoin mining power towards mining BCHABC.

A Bullish Twist For Bitcoin

So, how does this BCASH civil war affect Bitcoin as the original chain? It should be remembered that just last year, 2017, BCH was created through a similar fork process from the original Bitcoin network. In fact, the timing was close to this year’s BCH upgrade. Bitcoin’s fork that created BCH happened on 13th November, 2017. BCH’s fork happened on 15th November, 2018.

Before the fork happened on Bitcoin’s network in 2017, the network was down on hash power. Merely days after the fork, BTC’s hash rate sky-rocketed, sending the crypto’s price “mooning” to hit $10,000 by end of the month. By end of December 2017, Bitcoin was trading at upwards of $19,000. In the lead-up to the BCH fork, Bitcoin had started losing hash power as supporters on both sides of the divide redirected their resources, making the BTC network a little clogged up and ultimately affecting its price. In that sense, it’s fairly safe to opine that the current hash rate war between BCHABC and BCHSV could play out in Bitcoin’s favor since whichever side wins will end up stabilizing the network, boosting the total hash rate, and causing a Bitcoin bull run.

Author: Nick James
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Ambrosus: Harnessing Blockchain and IoT for the Digital Era

Ambrosus (AMB) is a blockchain and internet of things (IoT) network that specializes in bringing end-to-end data management to physical processes in the world: from supply chains, smart cities, and smart farms, to clean energy and logistics. By combining an original catalogue of IoT devices with an industrial grade blockchain (AMB-NET), Ambrosus provides a cost-effective and secure means for enterprises to share information, manage their inventories, and demonstrate the origin, quality, and journeys of their products to the end-consumer.

While largely concentrated on food and pharmaceutical supply chains as well as smart city management, the flexible infrastructure of AMB-NET, built specifically for IoT device connectivity, categorizes all data uploaded onto the network as either an ‘Asset’ or ‘Event’. Based upon this digital model, a wide array of solutions remain to be built within the ecosystem for industries across the global economy.

To contextualize the vision for the Ambrosus Ecosystem, Ambrosus Co-Founder and CEO Angel Versetti has said the following about the future digital economy and the need for holistic data management:

“The forthcoming digitization of the global economy in the coming years indicates the need for secure and distributed solutions centered on properly managing data. Perhaps no other pair of technologies is better suited for this challenge than blockchain and the internet of things. As consumers become more concerned about the quality and origin of their products, and enterprises seek out new ways of sharing data and coordinating their production lines, entirely new business models stand to be created with the potential to transform entire industries. At Ambrosus, we believe this future is best achieved when it is decentralised, open-sourced, and easily accessible for enterprises and entrepreneurs intent on embracing the digital era.”

Author:  Oracle Times Editor
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Litecoin [LTC] creator, Charlie Lee says: ABC vs SV fork will test the Nakamoto Consensus

On November 14, Charlie Lee, the creator of Litecoin, posted a tweet about the Bitcoin Cash hard fork which is scheduled today. He stated that the fork will be a good real-world test of the Nakamoto consensus. The crypto-community is filled with speculations about the upcoming fork of Bitcoin cash, which will cause it to fork into Bitcoin ABC [supported by Roger Ver, Jihan Wu] and Bitcoin SV [supported by Craig Wright].

Charlie Lee, in his tweet, spoke about miners moving back to mining Bitcoin if BCH dies, and an entity gaining enough hash power to execute a 51% attack on the competing fork.

The ‘Hash War’, so called because the upcoming fork has a conflict of interest between Jihan Wu and Craig Wright. The person who controls the majority hash power after the fork will have the upper hand, thus the fork with the highest hash power will be validated and accepted.

Nakamoto consensus is a set of rules defined by Satoshi Nakamoto in the Bitcoin whitepaper, which determines which block is validated and added to the blockchain. The blocks are added by miners through PoW.

The voting consensus defined in the Bitcoin whitepaper is very similar to the election of the president, i.e., one CPU is equivalent to one vote and Proof-of-Work [PoW]. Any alteration or addition to the Bitcoin network has to be implemented by hash power, so without the hash power, it is impossible to come at a unanimous decision. The Bitcoin whitepaper states the same:

“Proof-of-work is essentially one-CPU-one-vote. The majority
decision is represented by the longest chain, which has the greatest proof-of-work effort invested
in it. If a majority of CPU power is controlled by honest nodes, the honest chain will grow the
fastest and outpace any competing chains”

According to Lee, if either of the teams, gain enough mining power, they could fatally damage the forks by executing a 51% attack. If the miners gain control of the hash power above 50%, it means that they could stop the transactions from going on the block, thus stopping payments between parties.

Additionally, they would have enough hash rate to reverse the transactions. Since they have control of the network, they could also double spend the coins. So successfully gaining hash rate by either party could be used to destroy the competing fork.

Author:  Akash Girimath
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4 Reasons to be positive in the midst of the crypto “crash”

Okay, the market could look better, granted, but we’ve been here before and we all knew, deep down, that it was probably going to happen again. So while we wait for the market to bounce back, let’s take a look at reasons to look forward to the future…

1)  This has happened before, and what followed was the biggest bull run crypto has ever seen…

We’re still doing relatively well in the long run; the charts from September last year shows BTC going from around $4500 to $3300 in a matter of days, just before we saw a run that would eventually lead to an all-time high.

2)  Institutional investment is coming…

And with it comes more money than retail investors could hope to pump in… In December, the Intercontinental Exchange (ICE) launches Bakkt, offering institutional crypto trading and most likely acting as a catalyst for growth. Last year (around this time) a similar catalyst occurred in the form of futures trading for Bitcoin, eventually leading the price all the way up to $20,000.

On top of this, we have Fidelity moving into space in January, with its crypto custody services; looking to establish further institutional money.

3)  There’s still the potential of an ETF on the cards…

All the proposals have been taken ever more seriously by the SEC, with many of their ranks warming up to crypto. This is in part, thanks to intuitions such as ICE and Fidelity taking a more active role within the industry, legitimizing it somewhat. A decision on a potential ETF is expected in January, after both the Bakkt, and fidelity ventures launch.

4)  This ‘crash’ shakes out weak hands…

Simply put, this is a good thing. These aren’t necessarily people who are in it for the long run, or who believe in the technology, but rather people looking to make some easy money. This is neither good for them, or us in the long run, hasta la vista.

In the meantime…

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Bitcoin Cash (BCH): 5 Possible Scenarios after Contentious Hard Fork

On November 15, Bitcoin Cash braces for the “hash wars,” essentially an expensive, sustained 51% attack aimed at taking over the coin.

Bitcoin Cash (BCH) is facing a watershed moment given that the first Bitcoin (BTC) hard fork has left the community and miners split over the future direction of the network. This time, however, the attempt to steer the course of the coin would take the form of a 51% attack, testing the understanding for network consensus.

A 51% attack is often viewed as disastrous for the credibility of a coin, allowing miners to alter the distributed ledger, double-spend, or perform other actions on the network. The way the Bitcoin Cash SV version would be implemented is precisely this: sustained mining of an alternative chain. However, the version of Graig Wright will have only 182 nodes to run against 1,103 ABC nodes.

Taking Bitcoin’s history as an example, the nodes signaling their allegiance is a form of consensus. At least in the case of the SegWit2X wars for influence, it was not hashrate but nodes that defined the dominance of one version over the other.

But the attempt to take over Bitcoin Cash is hostile. Here are the possibilities following the switch of 72% of the Bitcoin Cash hashrate to the SV version.

Bitcoin Cash dies: BCH becomes a coin with two separate ledgers, under a constant 51% attack. No one is certain which version would survive. With no replay protection, siding with one version could mean a total loss. Chaos on exchanges ensues. No one can tell how long the hash wars may continue, but, in effect, the supporting sides would mine blocks and receive rewards of an asset that may not exist.

One of the versions capitulates: The hash wars could end if one of the chains raises the white flag. However, it is unknown who would be the arbiter of the winning chain, and both may try to produce “the longer chain.” Exchanges may become arbiters as some are ready to accept one version over the other. There is no timeframe for deciding which chain would be longer, but even one block could suffice. Nodes, however, are not enough to define a version’s dominance in the final analysis. Based on the Bitcoin white paper, the principle of deciding on the version of the blockchain entails both nodes and miners. As it says there, “The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.”

Wright has promised a never-ending attack:

Both versions split off: It is possible that two versions of Bitcoin Cash survive. There are different scenarios for this. The supporters of Bitcoin Cash SV seem more adamant about taking over the ticker and posing as “the original Bitcoin Cash.” At the same time, the other version may not admit defeat and may proceed to create a new digital asset. This would be a best-case scenario since holders of BCH could end up owning two types of digital assets, both with a chance to show up on exchanges. It is impossible to predict which version would be deemed more valuable, and the market would decide which the dominant one is.

Bitcoin Cash ABC changes PoW: In case the attack becomes too long and too expensive, the impossibility to save the ABC version by brute force mining may lead to an emergency upgrade. Talks of a possible proof-of-work (PoW) change, in essence making the chain independent, may leave the SV version free to mine the old type of blocks while having no way to take over the ABC version.

Litecoin’s Charlie Lee was skeptical of this scenario:

The SV version gets defeated: Defeat for the Satoshi’s Vision version may come by way of emergency mining from Bitmain. Recently, Roger Ver suggested he may redirect hashing power from the mining pooldespite users’ wishes to defend the ABC version. There are also expectations that Bitmain will step up to ensure the stability and continuation of a BCH version. Protecting a stash of one billion coins may be incentive enough for Bitmain to burn money on mining and defend the version of a blockchain.

Hours before the fork, BCHSV, the pre-fork asset, fell toward $167 hours after briefly “flippening” the ABC version. BCHABC trades at above $278. BCH prices plunged to $427 before recovering to $445.88.

The hard fork for the ABC version is expected at 4:40 UTC on November 15, which is also the potential hour for the launch of the “hash wars.”

Author: Christine Masters
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