These Three Factors Show Bitcoin Will See a Massive Selloff at $10,000

Ursprünglich erschienen auf: https://thebitcoinnews.com/these-three-factors-show-bitcoin-will-see-a-massive-selloff-at-10000/

Bitcoin has seen some incredibly mixed price action as of late, with BTC struggling to garner any notable momentum as it approaches its heavy resistance $10,000
This resistance has proven to be insurmountable on multiple occasions throughout the past several weeks and months
One analyst is now noting that BTC’s ongoing rally up towards the five-figure price region is strikingly similar to that seen in months past
Three factors signal that this rally could be fleeting in the days and weeks ahead

Bitcoin and the aggregated crypto market have entered a firm consolidation phase over the past few days as it struggles to garner any notable upwards momentum.
It has been able to stabilize within the mid-$9,000 region, but the resistance laced between $9,700 and $10,000 has proven to be insurmountable.
One analyst is pointing to three primary factors as reasons why this ongoing uptrend may not be different than those seen in weeks and months past.
He explained that in addition to the spot order books being skewed to the seller side, there is a lack of bid-side filling and swindling derivative interest.
These Three Factors Could Signal a Swift Bitcoin Selloff is Imminent 
At the time of writing, Bitcoin is trading down marginally at its current price of $9,550, which is around where it has been trading at throughout the past couple of days.
The crypto has found itself caught within a firm trading range between $9,300 and $9,700. The resistance at the upper boundary of this trading has grown to be quite strong, as each visit here has been followed by intense declines.
One analyst is noting that this rally is strikingly similar to those seen in weeks past. If Bitcoin does replicate the price action it has seen around $10,000 in weeks past, it could soon see a notable decline.
“So far, the current BTC approach to 10k has shared elements of the prior two • Spot books heavily skewered to the sell side • Lack of bidside backfilling • No substantial derivatives interest (to cause a short squeeze). The only marked difference is ETH strength,” the trader said.
How Low Could This Next Decline Lead BTC?
As for where this decline could lead the cryptocurrency, analysts believe the recent rejection at highs of $9,700 could spark a movement down to lows in the $7,000 region.
He pointed to a chart showing this potential path forward in a recent tweet, highlighting the firm rejection that was posted at $9,700 this past week.
“Bitcoin: Still short, now with a clear invalidation. This is what I’m expecting next,” he explained while pointing to the chart seen below.
Image Courtesy of Calmly
How Bitcoin trends in the week ahead will likely be largely determined by whether or not it breaks below the lower boundary of its trading range at $9,300.
Featured image from Shutterstock.

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COIN360 Review | Exchange Fees, Security, Pros and Cons in 2020

Ursprünglich erschienen auf: https://thebitcoinnews.com/coin360-review-exchange-fees-security-pros-and-cons-in-2020/

Today, in our COIN360 review, we will be examining what features this crypto aggregator has to offer, as well as its fees, pros, and cons.

COIN360 Review: Exchange Overview

COIN360 Reviews | Read Customer Service Reviews of coin360.comCOIN360 is a cryptocurrency and crypto exchange, interactive infographics and aggregator, which displays data such as performance of different coins, tokens, and exchanges in a visually engaging map. The data is updated every 8 seconds, providing investors with the latest changes on the market.

The site was created to be useful to traders who are looking to monitor various assets from one place and to simplify their tracking.

Supported Currencies and Available Countries

The platform features 3,336 crypto tokens and coins, where you can find basic metrics on the first 1000 coins, according to market cap.

Data is collected from 225 exchanges, including Binance, Bitmex, Bittrex, OKEx, Huobi, HitBTC, Bithumb, Coinbase Pro, UPbit, Bitfinex, Kraken, Coinone, Gemini, Bitstamp, Liquid, bitFlyer, Gate.io, Poloniex, Exmo, itBit, CEX.IO, IDEX,  just to name a few. The data for both coins and exchanges can be filtered in different ways, but more on that later in our COIN360 review.

Users from all countries are able to use the platform.

COIN360 Compatibilities

COIN360 can be accessed through a web browser on any operating system. There is currently no specialized mobile app, but the company has stated that it will launch one soon.

User Interface and Experience

The crypto and exchange data are displayed in a colorful brick diagram that can easily be customized by users to show the coins they are interested in following. “Coin” and “Exchanges” pages, as well as “Watchlists,” can also be changed to table view by clicking on the squares next to “View” in the upper right side of the page under the search function.

FAQ: What is total crypto market cap | Coin360

The site is pretty easy to understand, with few sections to navigate. On the top left side of the page, there are the following sections: “Coins,” “Exchanges,” “Watchlist,” “Liquidity Book,” “Charts,” “About.” There are also “FAQ,” “Press Releases,” and “Events” sections if you click on the three dots next to “About.”

COIN360's Global Update | Fintech Zoom - World Finance

Price changes in cryptocurrencies are shown in the platform through color markers, with cryptocurrencies that are growing in price are marked in green while those with declining prices are featured in red.

When clicking on an individual coin, it takes you to a page that features metrics such as renewed charts, a “Markets” tab, and a “Related news” section. There is also a customizable widget section, as well as a button to directly add the coin to your “Watchlist.” Other stats included are mining info, liquidity, and spread.

Charts on the coin page graphically show the market cap and price within a selected time frame. The “Markets” tab lists all of the exchanges where the crypto can be traded, where you can see other trading pairs, 24h volume, current price, circulating supply, fees, and other metrics. In a way, it resembles the structure used by CoinMarketCap.

The filter buttons are always visible and under the header, where users can sort data based on the coins they want, their performance based on specific time frames, top gainers and losers, market cap range, or select against which base currency to display the stats. The base currency is preset to USD, but you can change it to GBP, CNY, EUR, JPY, CAD, RUB, TRY, IRR, BRL, UAH, and USDT, BTC, ETH, EOS.

The exchange page also has filters that can be used to find the top gainers and losers, time-frame performance, volume range, markets, and base currencies. There is also a special filter that sorts the exchanges that have been verified by COIN360 analytics and the ones that have not.

At the bottom of the page, there is a moving strip that features some of the latest news titles from the crypto world. If you click on a title, you will be redirected to the news site that sourced it.

In the “Watchlist” section, you can add any coins you are interested in following.

Liquidity Book

A very helpful section developed by COIN360 is the “Liquidity Book,” which allows traders to find the exchanges with the best liquidity, and thus the most convenient buying or selling option for their cryptos.

By using the exchange selector, users are able to compare the prices of an exchange with those of other trading platforms in order to get the best rates on the market. Each box displays a coefficient that is calculated as the ratio between a selected exchange’s price and the price for that same order of the best of the other exchanges.

How to Get a COIN360 Account

Users do not have to create an account to use COIN360.

COIN360 Exchange Fees

The site and its services are completely free to use.

Customer Support

Seeing as the platform just displays data collected from multiple sources, and you do not have to create an account to use the service, there is no customer service. The site features a detailed FAQ page which answers most questions related to COIN360.

COIN360 Exchange Reputation

The results for the COIN360 review were scarce, as few users posted their experience with the aggregator.

COIN360 Reviews | Read Customer Service Reviews of coin360.comOn TrustPilot, the platform has a rating of 4 out of 5 stars, but the rating is based on only 4 user reviews. However, nothing bad can really be said about this platform, as it does not ask users to register, link their wallets, etc. There are no accounts to manage on the team’s part, and the algorithm pulls data from so many sources and updates it so frequently that it accurately reflects the market at any time.

Also, it is a platform that does not charge anything for its service. People would have probably written more reviews if they actually had something to complain about.

COIN360 Review: Verdict

COIN360 is an aggregator heatmap tool that pools data for cryptocurrencies and exchanges from a myriad of sources. Free, accessible, and colorful, this platform can help traders keep an eye on the assets they are interested in.

The Review

COIN360 Exchange Review

PROS

  • Free to use
  • Aggregates coin and exchange data from many sources
  • Updates data every 8 seconds
  • Visual, interactive display

CONS

  • No mobile app

Post source: COIN360 Review | Exchange Fees, Security, Pros and Cons in 2020

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Privacy and Blockchain

Ursprünglich erschienen auf: https://thebitcoinnews.com/privacy-and-blockchain/

You have probably heard people claim that blockchain is transforming businesses in today’s digital world. Many believe that blockchain technology is the future of private, secure, and safe transactions plus data storage. However, blockchain is yet to find a way to satisfy the privacy demands of many industries. Many cryptocurrencies have made lofty privacy claims, but some have failed to deliver on their products. The few that have tried to deliver are facing strict government regulation or other inconveniences. There is a clear and pressing need for privacy of information and business transactions.

What is a Private Network?

A private network is a controlled system where data reading and writing permissions within the network are automatically kept in check. Private networks enable businesses to guarantee protection, confidentiality, agreement, achievement, and other features that require a private channel.

In the case of private blockchains, transactions are managed by nodes in the blockchain, making them more private and secure. The consequences of using public networks are real. Many governments and companies regularly use information available from observation of public networks to predict human behavior. Therefore, it is crucial to change the way business communications and transactions are done by embracing private blockchain networks.

Private blockchain networks

  • A private blockchain network is faster. It distributes the nodes locally with only selected individuals engaging in the ledger, making completion much quicker compared to natural systems.
  • Permission to write data to the blockchain is managed by an algorithm, making it private and trustless — you do not need to put your trust in a human authority to manage the network.
  • It is more scalable than standard networks, making it possible to add nodes and assistance on demand. This gives significant support both to the company and users.

What does the LOKI private blockchain network offer?

The Loki blockchain is an open-source fork of the Monero blockchain. All transactions on the Loki blockchain are anonymous and secure. Loki is currently a hybrid Proof of Work-Proof of Stake blockchain, meaning that the blockchain uses traditional cryptocurrency mining, in combination with a system of “staked” nodes (nodes which lock up a certain amount of Loki cryptocurrency in order to participate in the network), to process and verify Loki transactions. Loki distinguishes itself from other blockchain projects with the following features.

  1. Service Nodes

Loki Service Nodes are the staking part of Loki’s Proof of Work-Proof of Stake hybrid design. To operate a Loki Service Node, you must lock up a certain amount of Loki cryptocurrency for a certain period of time. You then periodically receive rewards for operating the Service Node, in the form of Loki crypto. The staking system protects the Loki network from Sybil attacks, giving it “market-based” Sybil resistance. Someone trying to gain majority control of the Loki network would need to keep buying more and more Loki cryptocurrency, and the price of Loki would increase as the supply decreased, making an attack very costly.

Service Nodes can also run Service Node applications — SNApps — which can be securely and anonymously accessed via Lokinet, the Loki Network’s onion router. SNApps can be websites, servers for voice chat (such as Mumble), or other applications.

  1. Mixin Distribution

As a fork of Monero, Loki uses ring signatures to anonymize transactions. Every Loki transaction is combined with a number of other transactions (called “mixins”) to obfuscate the true origin of the transaction. This prevents third-party observers from tracking Loki coins across multiple transactions.

  1. Session Encrypted Messenger

Session is the Loki Network’s encrypted messaging app. It’s a decentralized, encrypted, and confidential messaging service. Session uses the Loki Service Node network to relay messages securely and anonymously. Other messaging apps use central servers that can steal your data or fall victim to hacking attempts. Session uses the power of the Loki network to preserve your privacy. Messages are encrypted using the Signal protocol, then anonymously relayed through Loki Service Nodes to the recipient. Session’s anonymous account system uses public keys (which they refer to as Session IDs) as addresses, making the service fully anonymous.

  1. Lokinet

Loki has built a unique onion routing solution known as Lokinet. Lokinet uses Loki Service Nodes as relays, making it Sybil attack-resistant, decentralized, secure, and anonymous. Onion routing means that your internet traffic is bounced between Loki Service Nodes before reaching its destination, and none of the service nodes ever know both where the connection came from and where it’s going. No service node ever knows both your IP address and the destination of your internet traffic. You can access SNApps — websites and other applications — using Lokinet, and Loki has announced that Lokinet will gain exit node functionality, allowing you to browse any normal website securely and anonymously.

Conclusion

The market has been demanding a platform that allows users to transact and communicate privately and confidentially. The LOKI blockchain answers their call.

Read our previous article here –>

May 29, 2020

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Post source: Privacy and Blockchain

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The Most Reliable Bitcoin Mixer BitMix.Biz – Your Fast Crypto Security in 2020

Ursprünglich erschienen auf: https://thebitcoinnews.com/the-most-reliable-bitcoin-mixer-bitmix-biz-your-fast-crypto-security-in-2020/

The one who called himself Satoshi Nakomoto, created cryptocurrency so that anyone can keep their financial life untouchable and protected from the interference of others. However, requirements of customer disclosure put these principles at risk and ordinary users under threat of theft, extortion, and even kidnapping by bandits. Find out how you can protect yourself from this.

Why Should Your Cryptocurrency Be Anonymous?

To ensure the inviolability of personal financial information when creating cryptocurrency, Blockchain, which is a decentralized data storage system that can not be cracked, was taken as the basis. But the requirements of mandatory checks KYC / AML, then put forward by governments of many countries to companies operating with cryptocurrencies, do not contribute to maintaining the confidentiality of users personal info.

The problem is that companies such as crypto exchanges are favorite targets for hacker attacks, when personal data of users fall into the hands of attackers. Because of this, users whose data has been stolen are not only in danger of losing their digital assets, but also run the risk of real physical harm.

In the modern world, cyber crime it’s not a separate thing, criminal gangs often consist of representatives of different professions, so the data stolen by hackers is not only used to crack email and digital wallets, but also used by bandits and professional extortionists. Due to the analysis of transactions in the open cryptocurrency blockchain, attackers can easily identify the real owners of crypto addresses, and then their location. After that, getting under the pressure of various criminal gangs who can knock out information from their victims is easy.

So the anonymity of cryptocurrency transactions becomes not just a matter of preference, but a prerequisite for maintaining your digital assets, health, and in some cases even your life. This is especially true for those crypto holders who own significant amounts. Your data that is stored on the crypto exchange due to hacking can fall into the hands of interested parties who can use it against you.

Unfortunately, there are already quite a lot of cases of robberies, abductions and even killings of crypto owners and they are happening all over the world, so you should not assume that digital currencies concern only the virtual world. Tracking transactions on the blockchain, people were tracked down, abducted, and even burst into their houses with weapons. The only reliable way to protect yourself from such incidents is to follow the elementary safety rules on the network and ensure the anonymity of your crypto transactions.

How to Protect Against the Threat of Tracking?

You can prevent the identification of your personality. You can do this if you mix your Bitcoin. Special Bitcoin mixing services have been developed for a relatively long time. Using algorithms for mixing coins from different wallets, they break the chain of transactions between two addresses that could be tracked.

Your crypto operations can be easily monitored in an open blockchain system if you directly send coins to the address of another person or company. When using the Bitcoin mixer, your transaction is distributed in parts among many unrelated addresses and passes through different wallets several times. After that, the transaction amount comes to the address you specified from different sources, which confuses the traces of coins and therefore does not allow any to track you.

That is why most professional traders and crypto investors use the BTC mixer when they withdraw earned cryptocurrency from exchanges and investment platforms, because they usually operate with large amounts that are always of interest to attackers who analyze the blockchain.

However, not every Bitcoin mixer is worth using, trusting it your digital money. In addition to frankly fraudulent sites that simply steal your money, there are those that promise anonymity, but do not actually provide it.

Use the Most Reliable and Fast Bitcoin Mixer

This is not the first year that BitMix.Biz has been the best Bitcoin mixer and it will probably remain so in 2020. This is proved by that on the Internet there are many fakes posing as BitMix.Biz. In order not to run into one of these sites, you can check any BitMix.Biz mixer address using the key 1BitmixQRMUHYYEi11KBRhSfACa1BtcZrZ

There are no other domains for BitMix.Biz – be careful! Also, the most reliable Bitcoin mixer has a bitmixbizymuphkc.onion mirror in the TOR network. Using a proven method of mixing over the years, you will never lose your crypto assets.

BitMix.Biz mixing service, which has been working since 2017, does not have negative reviews, but it is highly rated in many ratings on the most respected and popular cryptocurrency info resources. Also, in some closed forums, there are guarantee deposits worth $15,000 from the BitMix.Biz, which act as insurance to compensate for losses in case of fraud. You can write to bitmixbiz@protonmail.com to get a link to such a forums.

This confirms that the crypto community trusts the reliable BitMix.Biz service, because even if something goes wrong, for example, due to heavy network load or other possible failures or bugs you can always easily contact BitMix.Biz to solve the problem. Be sure to keep the letter of guarantee that you will receive when making a deposit, and also do not clear the logs until the situation parsing begins, but no later than 72 hours later, after which all data is automatically deleted to protect your privacy. For the same purpose, the site does not use any analytical tools.

BitMix.Biz Features

– No registration required.
– In addition to mixing BTC (Bitcoin) and LTC (Litecoin) BitMix.Biz is the first crypto mixer that supports mixing Dash coins, which, despite having its own mixing system, does not give complete anonymity.
– Completely prevents the possibility of transactional analysis.
– The maximum level of difficulty and randomization.
– Large pools of coins that are completely unrelated to each other.
– Variable manual or automatic commission.
– Constantly mixed coins, which provides instant withdrawal after confirmation.
– Transaction delay, which does not allow to detect the sender and receiver by the time of sending.
– Ability to use the public API on your website.
– Simple and intuitive interface with support for 10 languages, it is possible to save settings.
– The presence of an affiliate program.
– Maximum performance without the use of unnecessary visual effects.

More info in the FAQ

To protect your privacy with the best Bitcoin Mixer BitMix.Biz just do the following:

1. On the BitMix.Biz website, specify the amount and select the mixing parameters;
2. Indicate the final wallet where you want to get clean coins;
3. Send crypto coins to the mixer;
4. Get a clean cryptocurrency in accordance with the selected mixing parameters.

Watch this video https://youtu.be/JCn2QyvLQEM to see for yourself how it works.

BitMix.Biz Protects Crypto Community Principles

Contact Email Address
bitmixbiz@protonmail.com

Supporting Link
https://bitmix.biz

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Bitcoin Monthly Close is 1 Day Away: Here’s the Level That May Trigger a Big Rally

Ursprünglich erschienen auf: https://thebitcoinnews.com/bitcoin-monthly-close-is-1-day-away-heres-the-level-that-may-trigger-a-big-rally/

In just a day, Bitcoin will close the May’s price candle. Analysts say that this close will be crucial for indicating in which direction the cryptocurrency market heads next.
Analyst Eric “Parabolic” Thies, for instance, recently identified a level that bulls should close above to confirm that more upside is in the works.
The Key Level to Watch for Bitcoin Heading Into May’s Close
According to Thies, the cryptocurrency closing above the downtrend formed after the $20,000 high will be “incredibly significant for bulls.” The downtrend is currently at $9,300, which BTC trades above as of the time of this article’s writing.
BTC chart from Eric “Parabolic” Thies, a crypto analyst and programmer.
Although Thies believes the low-$9,000s is the region to watch, there is a key band of resistance around $10,000 too.
Order book data for the BTC/USD market on leading exchange Bitfinex is showing that there is currently a mass of sell-side pressure around $10,000-10,300.
This has been illustrated by the chart below shared by a prominent crypto-asset trader. The chart shows Bitcoin’s price action since the start of the year alongside the “OB (order book) Dominance Bands,” which shows the price points at which there is order book resistance or support.
Chart from crypto trader Coiner-Yadox (goes by @Yodaskk on Twitter).
The chart and order book data are relevant as they predicted previous price action in the Bitcoin market.
As can be seen in the chart above, the OB Dominance Bands predicted the highs in March, nailing the $10,500 highs. Furthermore, they also marked local lows multiple times over the past two months.
Should historical precedent hold, there’s a high chance Bitcoin will run into heavy resistance at $10,100 once again.
It Will Break Through These Resistances
While the monthly close has yet to come to fruition and Bitcoin remains shy of $10,000, analysts think that it will break through these resistances.
As reported by Bitcoinist previously,  Bitazu Capital partner Mohit Sorout noted that Ethereum recently breached a crucial downtrend that formed after the April highs of $227.  The level held as resistance on multiple occasions until earlier this week, when the altcoin surged past it in a convincing fashion.
As Ethereum led Bitcoin higher during February 2020’s rally, there is a good likelihood Bitcoin is about to break past the level indicated in Sorout’s chart too. Should this happen, BTC could reach ~$10,100 in the coming days, which would invalidate the aforementioned resistances.
The fundamentals corroborate this optimism.
Matt D’Souza — CEO of Blockware Mining — recently drew attention to four macroeconomic factors that will aid Bitcoin’s growth in the future, meaning months and years ahead. They are as follows:

There is growing geopolitical distress, like the tensions between the U.S. and China over Hong Kong democracy.
Global central banks continue to print trillions to save the flagging economy.
Negative rates continue to trend lower.
Bitcoin is slowly becoming a payment system.

Featured Image from Shutterstock

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