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We are delighted to announce that Switcheo is the first decentralized exchange to list the EOS version of LEO. This will allow Switcheo users to trade LEO against EOS and can be found on the market.In addition, we have also added the (ERC-20) trading pair. Users can now buy and sell on and pairs with immediate effect.About SwitcheoNetwork:Switcheo Network is the first decentralized cryptocurrency exchange on the NEO blockchain which now allows trading of EOS, Ethereum and NEO tokens.Our goal is to achieve a DEX network with cross-chain swapping capabilities across popular blockchains, with a focus on delivering a world-class trading experience in a trustless and decentralized environment.For more information on Switcheo:Visit our and check out our Join the conversation on and Follow us on , , and Have any questions? Visit our

67 6 days ago (edited) 18 Min Read 3615 Words On October 12th, our WLEO-ETH liquidity pool was attacked by a known Ethereum-based attacker. We linked the attacking address to a ring of other addresses which pulled off similar attacks (and others). This address continues to launder hundreds of stolen ETH per day through Binance despite widespread reporting and message boards asking Binance to investigate and block this address and its associated ring of accounts. On that date, our pool had reached $450k USD in total liquidity. It was an incredible rise as we blew past any expectations that we had set prior to the launch of Wrapped LEO. If you want to learn more about the WLEO liqudity pool attack, how it happened, our investigation into the issues/attacker and more, please read the WLEO Attack Whitepaper we published. Wrapped LEO is Officially Relaunching on November 12th Around 8 AM CST We've talked about this numerous times and many in the community already have a firm grasp of why WLEO is so vital for us. Hive-Engine is a niche exchange within a niche blockchain. There are plenty of Hive users who don't understand what Hive-Engine is or how to use it and that speaks volumes (pun intended) to the liquidity issues and user-friendliness of the second layer on Hive. An effort is being made to either deliver on SMTs or a decentralized version of Hive-Engine. Regardless of the outcome, our community has grown far beyond the capabilities of Hive-Engine in its current form and we need to branch out to other platforms for a variety of reasons. For the past few months, we've built our own UI from the ground up and subsequently launched a number of onboarding updates to make it easier than ever to sign up to LeoFinance (and Hive). With all of these efforts, outside attention has become increasingly important. LeoFinance is an attention-based platform. We need more users and our goal has always been to onboard the masses to our platform and the Hive blockchain. Wrapped LEO brings about a number of benefits that bring our economy to greater heights: Before the attack on wLEO V1, we were in talks with a major CEX to list WLEO to bring a whole new group of investors and users to our platform. That obviously had to take a backseat as we investigated and solved the issues that led to the attack. Additionally, we were working with a few different ETH-based projects on various forms of collaboration to cross-pollinate the LeoFinance user base with their user bases. Collaboration is the key to growth. We're working overtime to deliver on the best onboarding experience the Hive blockchain has ever had. You can sign up to LeoFinance.io in less than 30 seconds using a Metamask wallet and soon, you'll be able to do the same with other blockchain-based wallets in addition to major web2 apps: Twitter, Google and Facebook. These integrations, however, are useless without marketing, collaboration and eyeballs. Our goal has always been to bring a new wave of attention and development to our project and the entire Hive ecosystem. I think we've done a great job in delivering on this so far, but we still have much work to do. Wrapped LEO is a necessary component in the vision we have moving forward as we aim to onboard thousands, tens of thousands and hundreds of thousands of new users. Join, Create and Earn Crypto on LeoFinance.io The relaunch of Wrapped LEO will bring an exponentially greater level of security to the ecosystem. In this post, we'll cover the 4 most important measures that we've taken to ensure a highly secure, robust and future-proof version of WLEO that we can leverage for the benefits we discussed in the previous section. Under the previous model, Wrapped LEO operated with a mint & burn token distribution. When a user wrapped LEO into WLEO, they were issued brand new WLEO tokens from the minting contract. The attack on WLEO1 was an attack on this minting function. The hacker was able to mint unlimited WLEO because they gained access to the minting new token functionality. This allowed them to take that falsely minted WLEO and swap it into the Uniswap pool to get ETH. With WLEO2, we've introduced a max token supply model which utilizes a send/receive model. This is more in-line with how other crypto tokens function. Having a max supply gives us a lot of advantages. In terms of security, it vastly reduces risk since new tokens cannot be accessed in any way, shape or form. It makes the attack that happened previously entirely impossible (since new tokens cannot be minted using the contract address). It also minimizes any damage if a different attack happened in the future (more on this in the Cold Storage section of this post). Other advantages - which we may explore in a separate post later on - are around partnerships, exchange listings and data aggregators. You may remember that WLEO1 had issues with data aggregators and how they displayed relevant info about our token. This was largely due to the infinite supply. The final advantage I'll mention here is around new token hodlers and their desire to become a liquidity provider (people outside of the Hive ecosystem). We drummed up a lot of attention for Wrapped LEO both within the Hive ecosystem and within the Ethereum eocsystem. Many of these new potential users/investors had concerns over the "infinite" supply of WLEO - under the mint/burn model. No More Minting As you can see in the above screenshot, WLEO has a max supply of 10,000,000 (10M) tokens. This new model with a limited token supply will cover these concerns along with bringing much needed security and usability. To prove that no other tokens can be minted, we utilized the contract address to try and mint more tokens above 10M. This essentially simulates the attack that happened on WLEO V1 - since the attacker gained access to the contract key and then minted WLEOs to their account - when trying to mint 1 WLEO under the new contract, we got this error: View this minting TX error on Etherscan No more tokens can be minted from the contract. Now, the security relies on a cold/hot wallet management system (more on that below). The 10M token number was chosen for a number of reasons. The current circulating supply of native LEO is ~6M tokens. If you include the dev stake/bounty fund (which are minted slowly on the Hive blockchain over the course of several years), then we're right around 9M-10M tokens. This coupled with the inflationary aspect of LEO means that our token supply will likely reach 10M in about 1.5-2 years. Having a max supply of 10M WLEO means that 10M LEO can be wrapped. No more than that can ever be wrapped (under this version of WLEO). We can expect that a significant amount of this supply will remain staked on the Hive blockchain thanks to curation rewards and a variety of other reasons. The interesting dynamics between curation (staking) APY and liquidity providing (LP) APY will also take effect. The more LEO that gets wrapped, the less competition for curation rewards. This will create a dynamic relationship between the amount of LEO that gets wrapped versus the amount of LEO that stays staked on the Hive blockchain. We will likely never utilize the full 10M WLEO. Which leads us into the next two sections about where the WLEO is being stored and why we took such significant measures to put these in place. In order to operate the Wrap/Unwrap oracle aspect of WLEO (allowing users to Wrap LEO into WLEO and unwrap WLEO back into native LEO), we need to have a hot wallet. Under the old model of WLEO, the hot wallet was actually the minting address. This means that when a user wrapped tokens, they were issued tokens utilizing the private key of this minting address. The attacker exposed the greatest flaw in this system and took control of this minting address which allowed them to mint unlimited WLEO. In exploring new models for WLEO and investigating other aspects of security measures, we took notes from the largest exchanges in the crypto space. The way they operate is by utilizing hot wallets which carry enough funds to handle day-to-day transactions. They then store the majority of user funds in cold wallets to avoid attacks. When an exchange gets hacked, they usually get their hot wallet hacked while their cold wallet remains secure. This means that the majority of funds are still securely stored even though a major hack has taken place. With our new model, a hot wallet has been created which will hold just enough WLEO to conduct day-to-day transactions. There are currently about 1.2M LEOs liquid on the Hive blockchain. The WLEO hot wallet currently holds 1M WLEO which we predict will be enough for launch day and likely a few days/weeks afterwards. Once this balance starts to get low, it will be refilled with a small amount of WLEOs to continue servicing wraps by an offline cold wallet token transaction. current balance in the WLEO hot wallet When a user wraps LEO into WLEO, they'll send their LEO to our oracle account on the Hive blockchain and they will receive WLEO from our hot wallet on the ETH blockchain. When a user unwraps WLEO into LEO, they'll send their WLEO to our cold wallet on Ethereum and receive LEO from out hot wallet (oracle) account on the Hive blockchain. While many other security measures have been put in place to avoid attacks on the hot wallet altogether, the hot/cold storage dynamic is one of the most vital aspects of this new version. With this dynamic in place, an attack event would have a minimal impact on the WLEO economy. This caps the amount of damage that can be caused by a security breach. An additional measure was taken to protect against double spends (WLEO unwraps are sent to our cold wallet instead of the hot wallet). Again, as the funds in the hot wallet run low, an offline TX will be created to refill the wallet with an operating amount of WLEOs. A small amount of WLEO will be held in the hot wallet to conduct day-to-day operations. The rest of the WLEO supply will be held in deep cold storage which will only be accessed when the hot wallet needs to be loaded with more WLEO. This means that the cold wallet will actually never be used for online transactions. All of the actions of the cold wallet happen offline. The following diagram depicts the important relationship between cold and hot wallets as it relates to exchanges and how they operate (which also now applies to Wrapped LEO and how it operates): img source Going based on the previous WLEO numbers, we expect around 600k-900k LEO to get wrapped within the first month. The hot wallet will hold 1M WLEO tokens at launch and the remaining 9M WLEO will be held in this offline, cold storage wallet. one and only minting of 10M WLEO followed by 9M going to the cold wallet and 1M going to the hot wallet After a few months (or whenever the hot wallet runs low on WLEO), we'll send additional WLEO to the hot wallet by using projected numbers to assume day-to-day usage of WLEO. The goal is to keep just enough in the hot wallet to operate but keep the amount as low as possible so that in the event of an attack, the damage that can be caused is very minimal (imagine, ~200k WLEOs at risk in the hot wallet at any given time whereas the previous attack leveraged tens of millions of WLEOs which were printed out of thin air). To summarize this vital difference in the WLEO V1 setup vs. the WLEO V2 setup, here are the various wallets involved in each version and what permissions they held. This exposes the major flaw in WLEO V1 and showcases 1 of the main aspects of WLEO V2 security: WLEO V1 Wallet Setup: Address #1 (ETH) - Contract Creator: Address #2 (HIVE)- @wrapped-leo Oracle: WLEO V2 Wallet Setup: Address #1 (ETH) - Contract Creator: Address #2 (ETH) - Hot Wallet: Address #3 (ETH) - Cold Wallet: Address #4 (HIVE) - @wrapped-leo Oracle: We had several developers run security audits on the various aspects of Wrapped LEO 2. This includes our original audits on how the previous version was attacked as we had to do in-depth analyses on all the various aspects of that version in order to pinpoint what caused the attack specifically. Utilizing that, we designed the new and highly secure version of WLEO with the security measures mentioned in this post and more. These initial audits were extremely valuable. Over the past several days, we've had a number of devs run audits on the new Wrapped LEO and surrounding architecture including the oracle node, the front end and the ETH contract itself. These audits were run by a few devs on the Hive blockchain and also a non-Hive code auditor with no relation to our projects or other developers. The goal of these audits was to outline the potential attack vectors for Wrapped LEO V2 and figure out if and how another attack could take place. The result is an extensive list of the architecture for WLEO which outline the level of risk and how likely an attack on that particular aspect would be. To keep this brief, the conclusion is that this version of WLEO addresses the outlined aspects that could potentially be exposed. Throughout this post, we've discussed the key features of the WLEO2 design which specifically address these aspects: The end result in all of this is that we now have a highly secure, robust and exchange-friendly version of WLEO that we can utilize now and in the months & years to come. Big shoutout to @fbslo who helped immensely in this process. He helped us dissect the WLEO 1 issues, find the security flaws and also rebuild WLEO for a highly secure relaunch. If you aren't already (and I don't know why you're not), please go vote for his Hive witness node. He's a buidler through and through. I wish I could say that I came up with this genius tagline, but I can't. The credit goes to Neal for coming up with the simplest way to explain how the WLEO geyser incentives pool for liquidity providers will work. You can read our full post with details on this model (including a link to the WLEO Geyser Simulator we built) or you can enjoy the cliff notes version: The fascinating dynamics of having time-enhanced liquidity incentives are going to take effect immediately on the results in the WLEO-ETH pool (along with our other pools in the future). When a pool is opened (i.e. the WLEO-ETH pool tomorrow), there will be a mad rush to deposit liquidity and be as big of an LP as possible on day 1. From there, the incentives under they Geyser model align with being in the pool for as long as possible relative to other LPs. This means that the greatest incentive lies in the liquidity providers who pool their WLEO-ETH from the beginning and hold it in the pool as long as possible. Taking liquidity out early will cause a major opportunity cost in long-term yield. This is the goal of any liquidity ecosystem: incentivize the best group of users. In this case, it's the users who provide liquidity and leave it in the pool for the long-run as opposed to users who frequently jump in and out of the pool. These long-term LPs also happen to be the users who tend to believe most in the project, since they're providing to the liquidity pool with the expectation that they won't withdraw that liquidity for months or even years in order to maximize their Annual Percentage Yield (APY). Simulated Yield from Our WLEO Geyser Simulation Tool When Will the First Geyser LP Incentive Snapshot Be Taken? The Geyser distribution system starts ~24 hours after launch. The snapshots are taken every 24 hours at 10 AM CST. The WLEO launch date is set for November 12th. On the following day (Friday November 13th 😉), the first Geyser snapshot will be taken. Every single day after that at 10 AM CST, another snapshot will be taken. Again, more details on the snapshots and how the rewards are paid out (monthly) are in the Introducing the WLEO Geyser Model, LEO Token Economy Updates and New Simulation Tool post. Similar to the first WLEO launch, @leofinance will provide an initial WLEO-ETH liquidity of $50k USD to kickstart the pool on launch day. This liquidity will be exempt from Geyser snapshots and distributions and will also remain in the pool for a minimum of 12 months. The launch has been delayed 2 or 3 times due to some issues with Infura and the ETH chain as a whole. As of this post being published (on November 11th), everything is ready for launch. This is somewhat poetic because WLEO V1 was attacked on October 11th, 2020. Can't keep a tough LEO down for long The WLEO relaunch will also be accompanied by a UI update. This will introduce many of the features that we built for https://leofinance.io but had to shelf for a month because if the rebuilding process. Now that WLEO is back, we're also bringing back many of the amazing features that will bring a whole new level of functionality to LeoFinance.io and LeoInfra: Roadmap Progress We've had a few days delay in delivering this post and the WLEO launch but we're still on track for our major releases with LeoInfra and LeoFinance.io which will introduce some mind-blowing features like Twitter onboarding, advanced publishing and more.     LeoFinance is a blockchain-based social media community for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards. Track Hive DataNew Interface!About Us HivestatsLeoFinance BetaLearn More Trade Hive TokensTwitterHive Witness LeoDex@financeleoVote Follow @leofinance for official updates Posted Using LeoFinance Beta

After a rough last week, this week is starting off on a good foot as most cryptoassets are trading sideways at the time of writing. It seems that Bitcoin has stabilized at the $8,300 level and most markets are following the same pattern. Lets take a look at some of our favorite cryptocurrencies XRP, LEO and TRX and see what the charts have in store for us. Ripples XRP Price Analysis (XRP/USD) In the last 24hrs, XRP/USD pair has recorded a bullish outlook, having gained momentum climbing from $0.2385 to a high of $0.2636. The pairs price, later on, followed a sideways movement; thus, taking a medium-term break, consolidating between support level $0.2535 and resistance level that was defined near $0.2603. XRP/USD pair is currently trading at $0.2554 jumping by 6.6% over the intraday. That showed high investors sentiments. Besides, the formation of a bullish trend line suggests a continuation of an upside correction in the short-term.Despite the intraday recovery, the technicals are suggesting incoming bearish ran, with both moving averages giving a negative sign. The RSI is heading south, having moved from the overbought zone that shows a negative outlook.On the contrary, the previous massive sell-off of many altcoins, XRP included was due to the plummeting of Bitcoin price. That was affected by the early trading session for bitcoin future platform, the Bakkt. However, today, the market bounce does not have clear reasons. The recent incident of bitcoin industry giant collaborating to rate different popular digital tokens could have perhaps increased investor confidence.Ripples XRP Price Prediction (XRP/USD) A dip below $0.2535 may lead to downside correction near $0.2350. On the upside move, a break above $0.2603 may result in an upside rally near $0.2800.LEOCoin Price Analysis (LEO/USD) Leo began the session, trading at $1.0425 that was followed by a short period of consolidating phase between $1.0414 and $1.0406 critical support level. An upside jump was later seen that shifted the price up to rally at a high of $1.0455 before exhibiting a sharp dip to a low of $1.1.0406. A steady flow later followed above the support level that stood the current price at $1.0412.At the press time, the technical indicators are giving a bearish scenario, with the long-term SMA above the short-term SMA. The RSI is below average that confirms an increase in sell-offs.LEOCoin Price Prediction (LEO/USD) Further downside momentum should be anticipated; thus, investors should take a short position, and place new target at $1.0300. That is if the price manage to break below healthy support level found near $1.0406. Failure to breach this support level may result in an upside correction above $1.0440.Tron Price Analysis (TRX/USD) TRX/USD pair has found strong support at $0.0130 that prevented further downtrend. The coin, therefore, exhibited an impressive performance and is now showing a struggle to break significant resistance level that is near $0.0149 level. Besides, the ascending trend line formed confirmed the bullish market momentum.TRX is averagely down by 4.9%, having moved from $0.0137 to $0.0144 over the last 24hrs. Afterwards, the short-term SMA is above the long-term SMA that gives a positive sign. Thus further upside rally could be possible. In addition, the RSI indicator is above average that shows high demand in the upper price levels.Tron Price Prediction (TRX/USD) A break above $0.0149 could further upside rally near $0.0160. However, a breach below $0.0130 might reverse the trend to a downtrend.Cryptocurrency Charts By Tradingview Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. The post Ripples XRP, LEOCoin (LEO) and Tron (TRX) Price Analysis and Prediction appeared first on The Merkle Hash.Please follow and like us:

This article takes a closer look at the latest price action of Bitcoin (BTC), UNUS SED LEO (LEO), Huobi Token (HT), and KuCoin (KCS) and news stories that might be affecting them.Bitcoin (BTC) According to , since 01:40 UTC on July 30, Bitcoin has been trading below $9,500. At press time (06:16 UTC), BTC is trading at $9,469, down 1.11% in the past 24-hour period:In fact, since the BTC price dropped almost $500 (from $10,062 to $9,518) on July 27, it has been mostly hovering between $9,400 and $9,600. One reason for the BTC price staying below $10,000 these past few days might be that the market is waiting to hear what happens later today at the"Examining Regulatory Frameworks for Digital Currencies and Blockchain" of theU.S. Senate Committee on Banking, Housing, and Urban Affairs (aka).The witnesses will be Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle, who is giving testimony on behalf of theBlockchain Association;Rebecca M. Nelson, a Specialist in International Trade and Finance at the Congressional Research Service; and Mehrsa Baradaran, Professor of Law at University of California, IrvineSchool of Law.You can watch this hearing live on the U.S. Senate's. It will start at 10:00 (Eastern Time or 04:00 UTC) on July 30.According toCryptoCompare, at 11:18 UTC on July 28, theBitcoin (BTC) price is trading at $9,469, which means that it is down 0.55% in the past 24-hour period:Altcoins As for the altcoins, here is how some of the most popular ones are currently doing:UNUS SED LEO (LEO) LEO is the best performing coim/token amonst the top 20 cryptoassets (by market cap). As of 06:41 UTC on July 30, LEO is trading at $1.353, up 3.44% in the past 24-hour period:The bullish mood around Bitfinex's LEO token might be caused by what happened in New York City on Monday (July 29).According to a by Coindesk,New York Supreme Court Judge Joel M. Cohen had to make "a final decision on whether to dismiss the NYAGs case entirely, or rule the other way and reject Bitfinex and Tethers motion to dismiss." Judge Cohen said that he needed more time, which means that there is a chance he will agree with Bitfinex's lawyers and dismiss the case against Bitfinex/Tether entirely. The lack of a ruling means that "Bitfinex and Tether can continue operating their businesses as normal, but Tether still cannot lend any more funds to Bitfinex."Huobi Token (HT) and KuCoin (KCS) Both exchange tokens are in the green while most altcoins are in the red:As , the Co-Founder, CIO, and CEO of Three Arrows Capital pointed out on July 29, both Huobi and KuCoin are launching staking programs, thereby increasing the value of their tokens:Interesting to see $KCS and $HT start as exchange platform tokens and now add staking elements. pic.twitter.com/UUOl6xDlLC Su Zhu (@zhusu) July 29, 2019Featured Image Credit:via Pexels.com

24H News Roundup Sept 28: LEO Whale Moves $5.5M To Bitfinex 1 min read[Policy]1. Homeland Security awarded funds to an Austrian company creating compatibility for blockchain efforts;2. The Libra Association is in discussions with European Union authorities following an opposition voiced by Germany and France;3. The IMF says that stablecoin regulations would need to eliminate risks regarding liquidity of underlying assets.[Cryptocurrency]1. LEO whale moves $5.5M to Bitfinex;2. Libra Association continues the push for European acceptance;3. The Cardano community has access to the Shelly network testnet after it successfully sailed through a test run conducted in London.[Exchange & Wallet]1. Cryptocurrency exchange Coindirect launches an over-the-counter (OTC) brokerage in South Africa.[Others]1. New spyware replaces crypto wallets on clipboard via Telegram.Follow CoinNess on Social Media:* Twitter: * Facebook: * Telegram:* CoinNess App:

After weeks of modest price decline, the crypto markets appear to be mounting a recovery, with bitcoin and altcoins across the board posting in the green. However, Bitfinexs coin dipped below $1 for the first time, constituting a negative return on its private sale price.On Oct. 7, Bitfinex coin LEO as low as $0.96 amidst a general recovery for the rest of the crypto marketplace. While each LEO was initially priced in the private sale at $1, the coin was able to climb close to $2 in mid-June.LEO Token Price | Source: CryptocompareHowever, investors appear wary of the LEO token given its close relationship with crypto exchange Bitfinex, who is facing allegations of market manipulation and a pending lawsuit by the New York Attorney Generals Office.Price of LEO dropped below the private sale price of $1 for the first time today. pic.twitter.com/aoRic8DUeI Larry Cermak (@lawmaster) October 6, 2019On Oct. 5, both Tether and Bitfinex released similar condemning the baseless accusations being placed against the two companies for their potential role in manipulating the crypto markets. The uproar was in response to unpublished research implicating Tether, the issuer of the USDT stablecoin, and Bitfinex for inappropriately influencing bitcoins price.In addition to accusations of manipulation, the LEO token has also been controversial since launching. Some analysts have speculated that the private sale for LEO, which raised $1 billion, was likely an attempt to recoup the $850 million in losses sustained by Bitfinex which started the NYOAGs lawsuit.Featured Image Credit: via Pixabay.com

Only about 3.5 million Bitcoin (BTC) are available for trading, according to new data from blockchain analytics firm Chainalysis. The remaining 11.4 million are held as long-term investment and 3.7 million are believed to be lost. This suggests that if institutional investors enter the crypto space and invest for the long-term, the tradeable supply of the top-ranked cryptocurrency on CoinMarketCap is likely to shrink further and possibly boost the price of BTC. Crypto market data daily view. Source: Coin360 In a recent interview with Cointelegraph Markets, Max Keiser, host of the Keiser Report, said that Paul Tudor Jones is likely to become “the biggest HODL’er of Bitcoin within 2 years.” In other news, Ray Dalio’s Bridgewater Associates, the largest hedge fund in the world, said that equity investors might be staring at a possible “lost decade” as globalization “has already peaked.” If this happens, institutional investors are likely to gradually enter the crypto space in search of higher returns. All these fundamentals point to higher prices in the future but how does the short-term picture look? Let’s analyze the charts. Bitcoin (BTC) dipped below $9,078.96 on June 15 but the bears could not capitalize on this weakness as bulls provided support at $8,910.04. This suggests strong demand at lower levels. However, the rebound has not been able to sustain above the 10-day exponential moving average ($9,425), suggesting selling at higher levels. BTC/USD daily chart. Source: Tradingview The 50-day simple moving average ($9,402) is gradually flattening out and the relative strength index has been trading close to the midpoint. This suggests a balance between supply and demand, which could result in a range-bound action for a few more days. This view will be invalidated if the BTC/USD pair turns down from the current levels and breaks below the $9,078.86-$8,910.04 support zone. If that happens, a short-term down move is possible. There is a minor support at $8,638.79 and if that cracks, the decline can extend to $8,130.58. Conversely, if the bulls push the price above the 10-day EMA-$9,600 resistance zone, a rally to $10,058.82 and then to $10,376.38 is possible. The pair is forming an ascending triangle, which will complete after the price closes (UTC time) above $10,376.38. This pattern has a target objective of $11,986.46. BTC/USD 4-hour chart. Source: Tradingview The first sign of strength will be a breakout of the downtrend line. If the price sustains above $9,600, the bulls who have been waiting on the sidelines are likely to jump in. Therefore, a quick rally to $10,000 is possible. The bears are unlikely to allow the bulls to have it easy at the $10,000 levels. Hence, a minor correction or consolidation can be expected at those levels. This view will be invalidated if the pair slides below the trendline of the triangle. This could retest the recent low of $8,910.04. If this support also cracks, the bulls who have been holding on for the past few weeks are likely to liquidate their positions. Volatility is likely to remain high for the next few days as both bulls and bears attempt to assert their supremacy. Hence, trading with a smaller position size can help reduce the risk. Ether (ETH) has been consolidating between $253.556-$217.670 for the past few days. The 50-day SMA ($220) is flattening out and the RSI is close to the midpoint, which suggests a balance between supply and demand. ETH/USD daily chart. Source: Tradingview This balance will shift in favor of the bulls if the second-ranked cryptocurrency on CoinMarketCap rises above the 10-day EMA ($232). Above this resistance, a rally to $253.556 is likely. If the bulls can scale the price above $253.556, the uptrend is likely to resume. However, if the price turns down from this resistance, the range-bound action is likely to extend for a few more days. Conversely, if the biggest altcoin continues lower from the current levels, it can drop to $217.67. The bulls are likely to defend this level aggressively. A strong bounce off this level will indicate that the bulls are keen to accumulate at lower levels. A break below $217.67 will tilt the advantage in favor of the bears. ETH/USD 4-hour chart. Source: Tradingview The four-hour chart shows that the ETH/USD pair has rebounded sharply from $217.67 at twice before (marked as ellipse on the chart). This suggests that the bulls are accumulating on dips. Therefore, if the price again dips to $217.67, the bulls are likely to buy again. A strong bounce off this support might offer an opportunity to the traders. On the upside, a breakout of the downtrend line will be the first sign of strength. Above this resistance, a rally to $240 and then to $253.556 is likely. This bullish view will be invalidated if the bears sink the pair below $217.67. The dip in Cardano (ADA) to $0.069488 was purchased aggressively on June 15. This is a positive sign as it shows that several traders expect the trend to continue, hence, they are buying the dips. ADA/USD daily chart. Source: Tradingview However, the bears are unwilling to give up easily and currently they are defending the horizontal resistance at $0.085. The 10-day EMA ($0.080) has flattened out and the RSI is just above the 50 level, which suggests that the bulls might be tiring out in the short-term. However, as the 50-day SMA ($0.065) is still sloping higher, the medium-trend remains bullish. Alternatively, if the 11th-ranked cryptocurrency on CoinMarketCap turns down from the downtrend line and breaks below $0.075, it will signal weakness. If that happens, the decline is likely to extend to $0.0694880 and then to the 50-day SMA. ADA/USD 4-hour chart. Source: Tradingview Although the ADA/USD pair turned down from the downtrend line, the bulls are trying to keep the price above the immediate support of $0.0766328, which is a positive sign. The bulls are again likely to attempt to push the price above the downtrend line. If successful, the traders waiting on the sidelines are likely to enter, which can carry the pair to $0.0901373. There is a minor resistance at $0.085 but it is likely to be crossed. On the other hand, if the bears sink the pair below $0.0766190, a drop to $0.069488 is likely. The bulls are likely to aggressively defend this support, which might present an opportunity to the traders. Unus Sed Leo (LEO) had been in a strong uptrend for the past few months. The strong rally had pushed the RSI deep into the overbought territory a few days ago, which suggested that traders were piling on due to fear of missing out on the rally. LEO/USD daily chart. Source: Tradingview The 15th-ranked cryptocurrency on CoinMarketCap turned down and succumbed to profit booking between June 13-16. However, a positive is that the bulls purchased the dip below the 50-day SMA ($1.149). This suggests that the sentiment is to buy the dips but the bears are not willing to give up without a fight. They are aggressively defending the 10-day EMA ($1.175). If the price turns down from the 10-day EMA, the bears will attempt to sink the price below $1.12. If successful, a deeper correction to $1.05 is possible. Conversely, if the bulls can push the price above the 10-day EMA, a retest of the recent highs at $1.26 is possible. LEO/USD 4-hour chart. Source: Tradingview The four-hour chart suggests that the bears are attempting to defend the overhead resistance at $1.184. However, the buyers are not allowing the price to dip below the 10-EMA, which is a bullish sign. The 10-EMA has turned up and the RSI is in the positive territory, which suggests that the short-term trend is favoring the bulls. A breakout and close (UTC time) above $1.184 is likely to attract further buying by the bulls. Above this level, a rally to $1.24 is possible. This bullish view will be invalidated if the LEO/USD pair turns down from the current levels and breaks below $1.16. The first support on the downside is $1.14 and below that $1.12. Monero (XMR) has been forming an ascending triangle pattern for the past few weeks that will complete on a breakout and close (UTC time) above the $68.4175- $70.0979 resistance zone. The pattern target of a breakout of the triangle is $82.7887. XMR/USD daily chart. Source: Tradingview Currently, the bulls are attempting to defend the trendline support of the triangle, which is a positive sign. If the 16th-ranked cryptocurrency on CoinMarketCap rises above the 10-day EMA ($65), the bulls will make another attempt to carry the price to the overhead resistance zone. This bullish view will be invalidated if the altcoin turns down from the 10-day EMA and breaks below the trendline. A break below the $62-$60 support is likely to intensify selling resulting in a possible drop to $54.0463. XMR/USD 4-hour chart. Source: Tradingview The rebound off the trendline is facing resistance at the 50-SMA. If the XMR/USD pair turns down from the current levels and breaks below the trendline, a drop to $62 is possible. However, if the bulls can propel the price above the 50-SMA and sustain it, the bulls are likely to jump in and carry the price to $67 and then to $68.4175. Although this level is likely to attract selling, the bulls have scaled this level on two previous occasions. Therefore, if they can drive the price above this resistance once again, a retest of $70.0979 will be on the cards. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange.

76 5 months ago (edited) 2 Min Read 375 Words ▶️ Watch on 3Speak We had an extremely wide-ranging discussion on the latest LEO Roundtable podcast episode. We intermittently talked about LEO & LeoFinance while discussing the broader crypto and equity markets. During the roundtable, we also has a focus on the basics of charting. Since I’ve spent most of my time on fundamentals, I'm not well-versed in technical analysis. During this episode, I got some basic lessons in technical analysis and charting various assets like TSLA, BTC and others. We ran through some interesting strategies and one that I thought was especially enlightening was the Drecken technical indicators that we used on the BTC price chart. This episode was packed with content that covered just about everything you could imagine. I learned a lot during this recording and I think there is truly a masterclass worth of value in here for anyone who’s interested in finance.     https://leofinance.io is an online community for crypto & finance content creators, powered by Hive and the LEO token economy.   ▶️ 3Speak Posted Using LeoFinance

Most top performers of the past week are at critical levels. Will they break out and move up or break down and drop lower? Lets look at the charts.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.About 15 countries, including the G-7 nations, have agreed to create a new to share personal data of cryptocurrency users to keep a check on money laundering and other illegal activities. The Financial Action Task Force, an international organization comprising more than 30 member countries and economies, is likely to design the system and come up with detailed measures by 2020.While curbing the illegal use of cryptocurrencies is positive, central banks and regulators keep neglecting the various problems that cryptocurrencies and blockchain technology plan to address. However, even with all the resistance, spending on blockchain solutions is likely to reach almost in 2023, according to a report by United States-based market research firm International Data Corporation. This amounts to a five-year compound annual growth rate of 60.2% between 20182023, which is a huge positive.While Bitcoin is a big beneficiary during times of geopolitical tensions and trade wars, several altcoins are likely to benefit from specific use cases. Lets look at the top five performers of the past seven days and see if we spot any bullish patterns on the chart.BNB/USD Binance was in the thick of news last week on reports of a Know Your Customer data. Though Binance CEO Changpeng Zhao tweeted not to fall for the FUD, the exchange did not give any firm news on whether the leak had happened. They believe that the images did not have a watermark that Binance uses for its KYC documents. According to them, the photos are from a period when the exchange was using a third-party service provider to process its KYC verifications.However, this news did not cause any damage to the price of Binance Coin () and it turned out to be the best performer of the week. In other news, Binance US is planning to add about 30 digital assets for its US customers. With mixed news, what does the chart project?The trend in the BNB/USD pair is up. The correction that started at $39.5941 found buyers at $24.1709. The price did not close (UTC time) below the 20-week EMA, which is a positive sign. Currently, bulls are attempting to resume the uptrend, but are facing resistance at the uptrend line. The trend is weakening as seen by the flattening slope of the 20-week EMA. The RSI, though in positive territory, has been gradually falling towards the center. This shows hesitation among buyers at higher levels.If bears break below $24.1709, the pair will enter a downtrend and might correct to $18.30. However, if the support at $24.1709 holds, a range-bound action might ensue. The uptrend will resume if bulls sustain the price above the uptrend line. In such a case, a rally to $39.5931 is probable. Therefore, traders can buy above $32 and keep an initial stop loss of $24.BTC/USD Bitcoins (BTC) dominance reached 69.92% on Aug. 10, which shows that traders are preferring the leading cryptocurrency over altcoins. Former Wall Street trader Max Keiser believes that Bitcoins dominance will reach as altcoins fall to the wayside. During the recent escalation of trade war between the U.S. and China, Bitcoin has emerged as a asset along with gold. Billionaire investor Mark Cuban said that he both gold and Bitcoin as being the same thing.The cryptocurrency might gain a further foothold in the event of a Brexit. Serial VC investor Tim Draper has said that the current consolidation might delay the rally in Bitcoin, but he expects his target of to be hit by 2023. Will Bitcoin enter a consolidation or break out of the recent highs? Lets analyze the charts.The failure of bulls to sustain above the downtrend line is a negative sign. It shows a lack of demand at higher levels. However, the trend remains up and every dip should be viewed as a buying opportunity until the price remains above the 20-week EMA.If the price rises and sustains above the downtrend line within the next couple of weeks, we anticipate a rally to the recent highs of $13,973.50. A breakout of this resistance will trigger FOMO and a quick move to $17,208.84 will be in the cards.Contrary to our assumption, if the BTC/USD pair reverses direction from current levels and plummets below the 20-week EMA, it will signal profit booking by bulls and selling by bears. It will also indicate a change in trend. The next level to watch below the 20-week EMA is $7,451.63.XMR/USD The malware Smominru, which was previously used to mine Monero () on over half a million infected computers, has now been to steal system access information for possible sale on the dark web, according to a report by cybersecurity company Carbon Black. Though it has held up quite well in the past seven days, can the digital currency build on its gains or will it falter? Lets look at the chart.The XMR/USD pair rallied above the 20-week EMA, but could not reach our first target of $107. It is facing selling at $98.2939. If the price bounces off the 20-week EMA, we anticipate bulls to again attempt to propel the price above $98.2939. Above this level, the next level to watch is $107 and above it $120.Conversely, if the price dips below the 20-week EMA, but stays above $81.4151, it will remain range-bound for a few weeks. Flat moving averages and the RSI just above 50 also points to consolidation.The trend will turn negative on a breakdown of the critical support of $81.4151. Below this level, a drop to $60 and lower is possible. However, we give this a low probability of occurring.LEO/USD UNUS SED LEO (LEO) turned out to be the fourth-best performer of the past seven days. Bitfinex and Tethers legal against the New York State Office of the Attorney General (OAG) has been extended as Justice Joel M. Cohen of the New York Supreme Court has given more time to the OAG to investigate the case.We will analyze the daily chart of the LEO/USD pair because of its short trading history. The pair has been stuck inside a range of $1.20 to $1.40 since Jul. 17. Currently, the price has bounced off the support at $1.20 and is attempting to rise above the 20-day EMA. If successful, it can move up to $1.40. The 50-day SMA is just above this level. Once bulls scale above the 50-day SMA, a rally to $1.80 and above it to $2 is possible.Conversely, if the price fails to scale above $1.40, the range bound action between $1.20 and $1.40 will continue for a few more days. However, if the pair reverses direction from the current level and plunges below $1.20, it can correct to the lows at $1.0384. We suggest that traders wait for the price to break out and sustain above the 50-day SMA before turning positive.DASH/USD Dash () rounds up the top five performers of the past seven days. Major crypto platform Coinbase announced that it is considering for eight new digital assets, including DASH. While this fundamental news is positive, how does its chart stack up? Lets take a look.Though the DASH/USD pair has stayed above the immediate support of $95.4264 for the past three weeks, bulls have not been able to achieve a strong bounce off it. This shows a lack of urgency among buyers to load up on the cryptocurrency at current levels. The price has been trading below both moving averages for the past four weeks and the RSI is in the negative zone, which is a bearish sign.Unless the price quickly rises above the moving averages, we expect bears to attempt a breakdown of $95.4264. The next support on the downside is at $86.3249, which is the 78.6% Fibonacci retracement of the rally from the lows. If this support breaks, a retest of the yearly lows will be in the cards.Conversely, if the bulls succeed in propelling the pair above both moving averages, we expect a rally to $160 and above it to $188.5598. We suggest traders wait for the price to rise above both moving averages before initiating long positions.Market data is provided by the HitBTC exchange.Publication date:08/11/2019 - 21:37Author:Rakesh Upadhyay

Bitfinex Cryptocurrency Exchange Gives Details on Utility Token LEO Hong Kong-based cryptocurrency exchange Bitfinex on May 17, 2019, revealed details about its utility token UNUS SED LEO. The native cryptocurrency will officially commence trading on Bitfinex from May 20, 2019. The rapidly increasing number of cryptocurrency exchanges has no doubt heated up market competition. Exchanges are slowly realizing that just being a trading platform will no longer cut it and that to ensure their survival in the industry, they would need to offer incentives that make customers stick to a particular trading platform. Changpeng Zhao's Binance exchange was the first to realize this which led to them launching the native BNB utility token which offers customers reduced trading fee and participation in the initial exchange offerings (IEOs) on the Binance Launchpad, among other things. Now, it seems that Bitfinex has taken a page out of Binance's book by launching its utility cryptocurrency called UNUS SED LEO. The project's whitepaper published May 10, 2019, described LEO as "a utility token at the heart of the iFinex ecosystem." Notably, iFinex is the parent company of Bitfinex and its closely affiliated stablecoin issuing concern, Tether (USDT). According to Bitfinex's Medium post, LEO will be tradable against bitcoin (BTC), USDT, EOS, ether (ETH), and USD pairs. The announcement about the launch of the LEO token comes just a few days after Bitfinex's CTO, Paolo Ardoino, tweeted that the exchange had raised $1 billion in a private sale for its upcoming IEO. The exchange's Medium post reads in part: "Upon publishing the UNUS SED LEO whitepaper last Friday, May 10th, Bitfinex conducted and completed a private sale of 100% of outstanding UNUS SED LEO tokens in exchange for one billion USDt worth of Bitcoin, USD, and USDt." However, the timing of such a development has turned heads within the global crypto community as the exchange, along with its closely-held sister concern Tether, is currently amid multiple controversies. As reported by BTCManager on April 26, 2019, the New York Attorney General (NYAG) office had accused Bitfinex and Tether of conspiring to cover an $850 million business loss by inappropriately using clients' funds. Later, it also came to light that only 74 percent of Tether's USDT stablecoin was backed by cash and other short-term liquid assets, further casting doubts on the legitimacy of the so-called "king of the stablecoins." Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4 document

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.From being outright dismissive of cryptocurrencies to adopting them, most have come a long way. Research by the International Monetary Fund shows that several countries, both developed and developing, are toying with the idea of their own Central Bank Digital Currency (CBDC). While Uruguay has already launched a CBDC pilot program, others are likely to follow suit soon. CEO Jamie Dimon is confident that cryptocurrencies are unlikely to pose a to the core business of the banking system. However, he believes that cryptos will provide healthy competition to the banks. JPMorgan plans to launch its own cryptocurrency JPM Coin by end of 2019. Similarly, -based online bank Dukascopy is exploring options to develop its own , called , that will be pegged to the euro, Swiss franc, and U.S. dollar. Institutional and large traders, who were previously wary of investing in cryptocurrencies, seem to be warming up to the idea and are using crypto to diversify their portfolio. Billionaire Henry Kravis has in a crypto fund launched by Ben Forman, who previously worked at his firm, KKR & Co.The fundamentals in the and crypto space are improving rapidly. Will this boost prices higher or will the cryptocurrencies enter a minor correction and consolidate the recent gains? Lets analyze the charts and try to find out. LINK/USD Chain Link () is the best performing major cryptocurrency. It has rallied more than 110% in the past seven days. Bulk of the gains came after Coinbase Pro announced of the cryptocurrency on June 26. Can the momentum continue? As the LINK/USD pair has a relatively short trading history, we will use the daily chart to analyze it. The trend is clearly up as it has been making new lifetime highs on a regular basis. With the recent leg of the up-move, the RSI has risen deep into overbought territory, which suggests that the rally has been overextended in the short term.If the rally stalls, the digital currency might correct to $3.34471, which is the 38.2% Fibonacci retracement of the recent leg of the up-move. Below this level, we expect strong buying in $3.09630$2.7455 zone, which corresponds to the 50% and 61.80% retracement levels.Contrary to our assumption, if the rally continues, it can reach Fibonacci extension levels of $5.30 and above it $6.10. However, we give it a low probability of occurring in the short term. BTC/USD In the past week, bitcoin (BTC) led the bull market from the front. It easily scaled the overhead resistance of $12,000 and came very close to $14,000. The scintillating run is reminiscent of the vertical rally seen during the previous bull market. Its market dominance rose to over during the week, the highest in the past two years. This shows that buyers are preferring bitcoin over other altcoins. Peter Brandt, a veteran trader, that the bullish sentiment in bitcoin might not rub off to altcoins. Many central banks in the developed countries have indicated that they are likely to their monetary policy to support respective economies. Deutsche Bank executive Jim Reid believes this policy initiative has increased the demand for bitcoin. A by institutional crypto lender Genesis Capital shows huge institutional interest in bitcoin in the past 12 months. They believe this might also be a contributing factor in the recent surge in the top cryptocurrency. While there are many reasons for the rise in bitcoins price, as traders, should we jump on the bandwagon or wait for lower levels to buy?During the week, the BTC/USD pair reached a high of $13,973.5. However, profit booking was seen at higher levels that dragged the price to below $12,000. Currently, the bulls are attempting to push the price back above $12,000. If successful, it will keep the momentum alive. The target levels to watch on the upside are $13,973.50 and above it $15,433.33. The trend remains bullish as the 20-week EMA is sloping up and the RSI is in the overbought zone. But if the bears defend the overhead levels, the pair might correct to $10,740.35 and below it to $9977.33, where we expect buyers to step in.We are against the idea of chasing prices higher because vertical rallies are unsustainable and risky. Bitcoin is likely to correct or consolidate for a few days before resuming the uptrend. Therefore, traders can wait and buy on dips once the price stabilizes. NEO/USD aims to build a robust ecosystem to stay ahead of the competition. NEO Global Development officially launched the previously announced $100 million EcoBoost program, which will have three phases. In the first phase, the program will establish various partnerships that will form a network to support the projects in the NEO ecosystem. Can this propel the price higher?The NEO/USD pair is facing resistance in the $20$25 zone. Therefore, a few weeks of consolidation is possible. On the downside, the pair will find support at the moving averages, which are on the verge of a bullish crossover. If the price rebounds off the moving averages, the bulls will again try to scale the resistance of $25. If successful, a rally to $42 is probable.Nonetheless, if the moving averages fail to provide support, the correction can extend to $8.17090666, below which a retest of the lows is likely. LEO/USD UNUS SED LEO (LEO), the recently launched token by iFinex, the parent company of Bitfinex, has made steady progress since listing on May 20 and has reached the 13th spot in terms of market capitalization. Can it continue its bull run and make a place among the top 10 cryptocurrencies? Lets analyze the charts and try to find out.We will use the daily charts because the LEO/USD pair has a short trading history. After the volatility on the day of listing, the pair has risen from a low of $1.00750 on May 21 to a high of $2 on June 26. That is a 98.51% gain in just over a month.Currently, the price has been consolidating between $1.710 and $2. If the bulls push the price above $2 and sustain it, a rally to $2.29 and above it to $2.49 is probable.On the other hand, if the bears sink the price below $1.710, it will signal weakness and a drop to $1.42 is likely. ETH/USD As cryptocurrencies emerge out of a long bear market, transactions on the network rose above on June 28, reaching the highest level since May 2018. Seychelles-based securities exchange MERJ is planning to become the first exchange to offer trading in a security token on the national stock market. Will ether extend its recovery or will it enter a correction?Though the ETH/USD pair broke out of the overhead resistance at $320.840, it failed to sustain above it and meet the patterns target objective of $557.43.The moving averages have completed a bullish crossover and the RSI is close to the overbought zone, which suggests that buyers have the upper hand.The pair might correct to the 20-week EMA. It will turn negative if the bears sink the price below both the moving averages.The market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

This article provides a quick overview of how the crypto markets have been doingwith the focus on Bitcoin (BTC), Ether (ETH), Cardano (ADA), Unus Sed Leo (LEO), and Ethereum Classic (ETC)over the past 24-hour period.To give you a rough idea of how things are going today, 15 out of the top 20 cryptoassets (by market cap) are currently in the red (against the dollar).All market data used in this article was taken around 07:50 UTC on 6 October 2019 from, which also generated the price charts shown in this article.Bitcoin (BTC) It hasn't been a good weekend so far for Bitcoin. It was trading around $8155 at 00:00 on October 5, and as you can see in the 24-hour price chart above, at press time, it is trading at $8,017, down 1.73% in the past 24-hour period.By 07:00 UTC on October 6, the Bitcoin price had dipped below $8,000; the last time the BTC price was below $8K was back on September 30, as you can see in the two-week price chart shown below:xxxEther (ETH) Ether's price has been relatively stable during October. It started the month at $179.35 and it is currently trading at $174.24, i.e. it has dropped only 2.84% this month.What Ethereum fans are excited about even more than the Ether price returning to above $180 (where it was at one point on October 3) are exciting announcements from the upcoming , which is being held this year October 811 in Osaka, Japan.On October 4, during the , the recent problems with the Ropsten test network for the Istanbul hard work was discussed.After the meeting, , Product Manager for Pantheon, PegaSys's enterprise-focused Ethereum client, summarized what was said about Ropsten with the following two tweets:In short, Ropsten had a large miner on the pre-Istanbul fork, causing a large network split, where Constantinople still was the heaviest chain. This made it hard for nodes on the network to find post-Istanbul peers. Tim Beiko (@TimBeiko) October 4, 2019As a fix, people using Ropsten can use geth's --whitelist flag to find peers running the Istanbul upgrade. Full command posted here: https://t.co/l4q1sQqH0V Tim Beiko (@TimBeiko) October 4, 2019Cardano (ADA) ADA started this month at $0.03905, and currently it is trading at $0.03962, which means that it is up 1.45% in the month-to-date.On October 3, Charles Hoskinson, the CEO of IOHK, broadcast a short video (from Vancouver, Canada) on Periscope to answer "the shoe question", i.e. to say whether or not he needed to eat his shoe.What this refers to is a statementHoskinson made during an on April 25 about the Shelley mainnet release:Shelley will happen this year... I will eat my own shoe, if it does not.