Key Bitcoin Indicator Hits Strongest Bull Signal in 14 Months, Plus Ethereum, Ripple and XRP, Tron, EOS, Bitcoin Cash, VeChain: Crypto News Flash
From a bullish Bitcoin signal to a new way for companies to build on Ethereum, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin’s moving average convergence divergence (MACD) is showing its biggest bull signal since January of 2018.
Why do we do TA?
To block out the daily noise. Highest MACD histogram reading on the weekly chart in over a year. pic.twitter.com/t6m8m0dLe0
— dave the wave (@davthewave) March 4, 2019
MACD is a lagging indicator that’s determined by subtracting the 26-day exponential moving average from the 12-day exponential moving average.
When the shorter-term moving average is above the longer-term moving average, the MACD becomes positive, indicating that momentum is moving upward.
The new reading is the third bullish signal for the price of Bitcoin in recent days.
As reported by CoinDesk,
“The money flow index (MFI), an indicator used to identify buy and sell pressure, created a divergence Sunday widely considered to be an early sign of a bearish-to-bullish trend change, while last week, Bitcoin saw a bearish crossover of its 50- and 100-week moving averages, a first since 2015.”
The Ethereum-focused development studio ConsenSys has launched a new enterprise Ethereum client called Pantheon from Pegasys Tech. It’s designed to give companies the power to create custom blockchain networks with custom permission specs, giving developers the option to ramp up scalability and the number of transactions per second.
Features two forms of permissioning: node-level permissions and Ethereum account-level persmissions. https://t.co/ypdxtyYSfQ
— Matthew Willemsen (@mwill_crypto) February 28, 2019
Ripple and XRP
Ripple product manager Warren Paul Anderson says the company’s cross-border payment solution xRapid is perfectly positioned to act as a bridge between the world’s fiat currencies.
The international payment solution is designed to give financial institutions in one part of the world a way to convert their local currency to XRP and send it to another country in an instant, where the XRP is then converted back into that country’s local fiat.
xRapid has never been in a better position to bridge all the worlds currencies using #XRP which is why I'm so excited to be joining Xpring team @Ripple to #BUIDL new stuff on @Interledger w/ an awesome team @ashgoblue @ethanbeard @_emschwartz @daranda @vanessadice (we're hiring!)
— Warren Paul Anderson (@warpaul) March 4, 2019
So far, four cryptocurrency exchanges have signed up to facilitate the XRP transactions: US-based Bittrex, Philippines-based Coins.ph, Mexico-based Bitso and Luxembourg-based Bitstamp.
The Gibraltar Blockchain Exchange (GBX), a regulated, institutional-grade crypto trading platform that handles up to one million orders per second, has listed Bitcoin Cash.
GBX is the world’s first fully regulated digital asset exchange to be owned by a traditional stock exchange, the Gibraltar Stock Exchange. It launched in August of last year, and offers insurance protection for digital assets and auditable reserves for full transparency.
EOS Argentina, one of the block producers that validates transactions on the EOS network, says it has successfully helped a user recover more than 500,000 EOS tokens.
The block producer says the recovery shows the power of Delegated Proof of Stake, a governance system that gives holders of EOS tokens the ability to vote for a finite number of groups that power the network.
Congratulations to the EOS BPs, today we helped someone recover over 500k EOS tokens. NO FEES were charged for this btw! DPOS governance at its best. https://t.co/rW7WlylFn7 @EOSauthority @atticlab_it @eosriobrazil @eosnewyork @EOS_Nation @eosphere_io @eosvenezuela @auroraeosbp
— EOS Argentina (@EosArgentina) March 4, 2019
Tron is about to release its second BitTorrent Token (BTT) airdrop. The free BTT will hit the wallets of Tron (TRX) holders on March 11th. Nearly one billion BTT will be handed out.
On March 11th 00:00 UTC we will initiate our second $BTT airdrop and reward TRON $TRX holders with 990,000,000 #BTT! Here's everything you need to know about our airdrop program and how to be eligible 😉 https://t.co/6ecjTXRly0
— Justin Sun (@justinsuntron) March 5, 2019
VeChain has donated $40,000 to Dartmouth University. The funds will be used to support research across the campus and professional schools related to blockchain technology and its applications.
“The available funding can be used to fund one or more projects, so as to spend out the funding. Grants are open to all Dartmouth faculty, of any rank, including the undergraduate, graduate and the professional schools.
Proposal submissions will include a research proposal, a CV for the PI, and a budget. The successful proposal will be selected by a small faculty committee; the Neukom Institute reserves the right to make no awards if it is deemed no proposals meet the thematic goals of the CFP.”