cryptoveins

[cryptoveins]

T-Rex 0.15.3 Nvidia Miner With KAWPOW Support for RavenCoin (RVN)

The latest T-Rex Nvidia GPU miner version 0.15.3 has introduced support for the new KAWPOW algorithm just as expect in time for the fork of RavenCoin (RVN) that is coming in just a few days – May 6th 2020 at 18:00:00 UTC. Aside from the new Kawpow support for the upcoming RVN fork, the latest T-Rex miner also adds supports for ProgPow and MTP-tcr algorithms.

Aside from T-Rex adding support for KAWPOW in the latest version, there are a few other alternatives available already – the official open-source kawpowminer, the latest TT-Miner, the latest NBMiner and the latest GMiner. The only one that is still missing support for KAWPOW is Z-Enemy, however enemy has already announced that there should be an update before the RVN fork and it will also support the new Ravencoin algorithm.

T-Rex is closed source Nvidia GPU miner available for both Linux and Windows operating systems. The miner comes in multiple versions supporting CUDA 9.1, CUDA 9.2 and CUDA 10.0. The miner has developer fee of 1% for all of the supported algorithms, only tensority has a higher dev fee of 3%.

– For more information and to download and try the latest version of the T-Rex miner…

https://cryptoveins.com/t-rex-0-15-3-nvidia-miner-with-kawpow-support-for-ravencoin-rvn/

#Article #Mining #Algorithm #fork #GPU

[cryptoveins]

Verus Coin (VRSC) VerusHash 2.1 Algorithm Mining With CPU

Verus Coin (VRSC) is an interesting crypto project available for a while already that offers a hybrid PoW/PoS mode of operation, so you can mine and stake VRSC coins. The idea of the project and its custom VerusHash algorithm is to be mined with CPU and even though GPU miners do exist for the algo, they do not offer a performance advantage over a powerful processor. Near the end of last year Hashaltcoin FPGA mining support was made available publicly for the VerusHash algorithm with much better efficiency compared to existing CPU/GPU miners and that quickly drove away regular miners. This required a revision of the mining algorithm and the latest VerusHash 2.1 made FPGA miners unable to be used and brought back CPUs as the main choice for mining.

The preferred choice for mining Verus Coin (VRSC) is with CPU and the miner you need is called hellminer, or alternatively you can try with nheqminer. Hellminer is the faster, but closed source even though there is no developer fee it is limited to a single pool only – LuckPool, available for Linux and Windows, so you might want to go for it first. The Nheqminer miner fork (about 10-20% slower compared to hellminer) for VRSC is a bit slower in terms of performance, but is open source and available for Linux, Windows and MacOS and can work with all of the available mining pools.

As already mentioned there are miners for GPUs as well, but they do not offer performance advantage over CPU mining, in fact a multi-GPU mining rig might offer similar or slower performance to a higher-end processor, but with a much higher power usage. So while it is not very reasonable to mine VRSC with GPUs, you can at least try to see what your hardware is capable of and how it relates to CPU performance. There is a ccminer Verushash fork available for Nvidia GPUs as well as AMD Verushash miner available for AMD GPUs.

As far as performance is concerned, AMD’s latest generation Ryzen CPUs do seem to have some advantage over Intel processors, but in general the more cores you have, the better hashrate you can expect to get. Ryzen 3900X (12C-24T) does about 30 MH/s, while an Intel 6850K (6C-12T) does manage to get you just about 11 MH/s hashrate. As a comparison a GPU mining a GTX 1080 Ti does manage to get you just about 6 MH/s per GPU, so as we’ve explained it might not be very wise to mine VRSC with anything other than a higher-end processor, although it is possible to also use GPUs from AMD and Nvidia.

If you need a mining pool where you can try mining Verus Coin (VRSC), then you probably want to head on to Luckpool where most of the hashrate is currently located, alternatively you can try Lepool or Zergpool. The largest pool LuckPool has some nice features to miners such as awarding the block finder with a fixed reward as well as a hybrid solo mining mode where you still get rewarded even when not finding a block yourself. VRSC is currently traded on multiple smaller crypto exchanges such as SafeTrade, STEX, Graviex, AAcoin, Kuang Exchange.

https://cryptoveins.com/verus-coin-vrsc-verushash-2-1-algorithm-mining-with-cpu/

#Article #Mining #Algorithm #fork #GPU

[cryptoveins]

Every Time Bitcoin Flashed This Signal Since 2015, a Boom Followed. It’s Back

Bitcoin has been on an impressive run over the past few weeks, mounting past resistance after resistance despite a harrowing macroeconomic backdrop. Since the March lows of $3,700, BTC is up 150%, a stellar performance that puts almost any other $100 billion+ asset to shame. Although impressive, Bitcoin continuing to set new local highs and holding above key support levels has allowed the cryptocurrency to print a confluence of extremely positive technical signs. Related Reading: Crypto Tidbits: Bitcoin Hits $9ks, a16z Raises $500M Crypto Fund, Ethereum 2.0 Nears This trend continued on May 1st when Nunya Bizniz, a Bitcoin chartist and analyst, observed that the signal that preceded some of Bitcoin’s most important rallies over the past few years has just been spotted again. Analyst Spots Crucial Bitcoin Signal, Suggesting “Significant Upside” Ahead Because Bitcoin’s value is largely derived from its network effect — which suggests that the value of a good or service is directly related to the number of consumers, often on an exponential scale  — BTC has long traded in a parabolic fashion. Just look to the asset’s chart, which is filled to the brim with parabolic rallies and parabolic crashes, much unlike the slow-and-steady price action most often seen with traditional asset classes like stocks and bonds. This has made the Parabolic Stop-and-Run Reversal Indicator (PSAR) a natural fit for analyzing Bitcoin, according to a recent observation by Nunya Bizniz. Chart from Nunya Bizniz (@Pladizow on Twitter) Referencing the chart seen above, he explained that in the wake of the six times this indicator has appeared in the past five years, Bitcoin saw “substantial upside.” Such was the case at the start of 2019, when just prior to the 25% breakout on April 1st, the PSAR flipped bullish, marking the start of an over 300% rally. Similarly, the PSAR flipped bullish multiple times in the 2,000% 2017 rally to mark local highs and bullish continuations. History repeating will see Bitcoin strongly break to the upside yet again in the coming weeks. Accentuating how strong this sign could be, Bizniz rhetorically asked: “Can this be interpreted any other way than bullish?” One Sign of Many Yet the PSAR flipping bullish is only one sign of many indicating that Bitcoin may soon benefit from a longer-term bull trend. For one, Bitcoin’s strong rebound in April saw the cryptocurrency close its monthly candle above a key level of the Ichimoku Cloud on the one-month chart. This is relevant for BTC because the last time Bitcoin claimed this technical level was in early 2016, when the cryptocurrency was trading around $500 and prior to the 4,000% rally that brought the cryptocurrency to $20,000 just 20 months later. Adding to this, one trader noted that the leading crypto recently broke above a rising wedge formed from March’s lows until now. This is the exact same pattern hat marked the start of 2019’s bull run, which brought prices from the $4,000s to $14,000 in three months’ time. Related Reading: Bullish for Crypto: A G7 Central Bank Confirmed It’s Floating Negative Rates Photo by Victor Freitas on Unsplash Every Time Bitcoin Flashed This Signal Since 2015, a Boom Followed. It’s Back was last modified: May 3rd, 2020 by Nick Chong

https://cryptoveins.com/every-time-bitcoin-flashed-this-signal-since-2015-a-boom-followed-its-back/

#Analysis #Article #BTC #chart #network

[cryptoveins]

A Massive VC Just Raised $500M to Back Crypto: Here’s Why It’s Important

Supply chains have ground to a halt and dozens of millions are unemployed but this hasn’t stopped crypto from getting a big fundamental boost: one of Silicon Valley’s most respected venture capital firms just raised half a billion dollars to invest in industry startups. Related Reading: Crypto Tidbits: Bitcoin Hits $9ks, a16z Raises $500M Crypto Fund, Ethereum 2.0 Nears Top Venture Capital Firm Raises $0.5B Crypto Fund Announced by Katie Haun and Chris Dixon, Andreessen Horowitz (a16z) — a VC firm known for its investments in Twitter, Slack, Lime, Instagram, and many other big companies — just finished fundraising for “Crypto Fund II,” a new “$515 million fund that will be used to invest in networks and businesses.” Haun and Dixon will be the partners leading this fund. According to them, they will be focusing on five main categories of investments in the cryptocurrency space:

Next Generation Payments Modern Store of Value Decentralized finance (DeFi) New Ways for Creators to Monetize Web 3.0

Vance Spencer, a co-founder of thesis-driven crypto fund Framework Ventures, said that this new $515 million fund could be very important to this industry moving forward. “I see this as a recapitalization of the early-stage crypto scene both from a financial and legitimacy standpoint With crypto projects starting to show real traction, I am excited to see a later-stage funding ecosystem starting to take shape to support our industry,” Spencer said, summarizing the signifiance of this fund. The raise comes as crypto funding has slowed down at a dramatic pace. Data shared by Rob “Crypto Bobby” Paone, founder of Proof of Talent, indicates that the number of crypto funding deals that took place in Q1 of 2020 was a mere 79 — far below the 220 in Q1 of 2019 or 230 in Q1 of 2018. Ethereum Could Be the Biggest Beneficiary Andrew Kang, a venture investor, explained that Ethereum could be one of the biggest beneficiaries of this new fund. The investor interpreted a16z’s assertion that it will be investing heavily in “next-generation payment” projects as a sign that they will be “investing in ETH, the stablecoin settlement layer.”

A16Z is investing in payment blockchains AKA A16Z is investing in $ETH, the stablecoin settlement layer https://t.co/JfQGEkeFtq pic.twitter.com/xDIkbNy40v — Andrew Kang (@Rewkang) May 1, 2020

Considering a16z’s previous fund dealing with blockchain, Kang is likely correct in making this statement. Although Crypto Fund I made investments into vanilla projects like Coinbase, Libra, Polychain Capital, and Dfinity, a big focus of that portfolio was clearly Ethereum, stablecoins, and decentralized finance. The venture capital firm’s Ethereum wallet, for instance, holds $19 million worth of ERC tokens like MakerDAO’s MKR and Synthetix, while the fund made direct investments into Ethereum projects like Compound, dYdX, and TrustToken. Should a16z’s Crypto Fund II follow a similar format, countless projects based on Ethereum and potentially Ether itself could benefit greatly once investments start rolling. Related Reading: Elon Musk Casually Drops the Bitcoin Bomb On Twitter, Once More Photo by Sharon McCutcheon on Unsplash A Massive VC Just Raised $500M to Back Crypto: Here’s Why It’s Important was last modified: May 3rd, 2020 by Nick Chong

https://cryptoveins.com/a-massive-vc-just-raised-500m-to-back-crypto-heres-why-its-important/

#Analysis #Article #ETH #firm

[cryptoveins]

Ethereum Gearing For Another Lift-Off to $250: Rally Isn’t Over Yet

Ethereum is following a strong bullish path above the $200 support against the US Dollar, similar to bitcoin. ETH price is likely to continue higher towards the $240 and $250 levels.

ETH price corrected lower from the $227 high, but found support near $202 against the US Dollar. It is currently rising and trading with a positive angle above the $212 level. There is a crucial bullish trend line forming with support near $212 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher towards the $240 and $250 levels in the near term.

Ethereum Price is in Bullish Zone This past week, Ethereum surged above the $200 pivot area against the US Dollar. ETH price gained bullish momentum above the $210 and $220 levels to move into a strong uptrend. There was a proper close above the $200 pivot level and the 100 simple moving average (4-hours). The price traded to a new monthly high near $227 before starting a downside correction. Ethereum corrected sharply lower below the $220 and $212 levels. However, the $202 and $200 levels acted as strong buy zones. There is also a crucial bullish trend line forming with support near $212 on the 4-hours chart of ETH/USD. Ethereum Price A low is formed near the $202 level and the price is currently rising. There was a break above the $210 and $212 levels. ETH climbed above the 50% Fib retracement level of the downside correction from the $227 high to $202 low. On the upside, an initial hurdle is near the $218 and $220 levels. The 61.8% Fib retracement level of the downside correction from the $227 high to $202 low is also acting as a resistance. If there is a clear break above the $220 level, the price is likely to continue higher towards the $227 high or $230. Any further gains may perhaps open the doors for a larger rally towards the $240 and $250 resistance levels in the near term. Dips Remain Supported Ethereum is likely to remain well bid above the $210 level and the bullish trend line. If there is a downside break below the trend line, it could revisit the $202 low. The main support is near the $200 pivot level. Any further losses might lead the price towards the $192 support or the 100 simple moving average (4-hours). Technical Indicators 4 hours MACD – The MACD for ETH/USD is moving back into the bullish zone. 4 hours RSI – The RSI for ETH/USD is currently well above the 50 level. Major Support Level – $212 Major Resistance Level – $230 Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money. Ethereum Gearing For Another Lift-Off to $250: Rally Isn’t Over Yet was last modified: May 3rd, 2020 by Aayush Jindal

https://cryptoveins.com/ethereum-gearing-for-another-lift-off-to-250-rally-isnt-over-yet/

#Analysis #Article #chart #ETH

[cryptoveins]

Bitcoin Highly Bullish Despite Correction; Here’s What Could Propel it to $10,000

Bitcoin is trading in a solid uptrend above the $8,400 and $8,800 support levels against the US Dollar. BTC is rising and it looks set for a larger rally above $9,500 and $9,800.

Bitcoin corrected lower from the $9,480 swing high and tested the $8,400 support zone. It is likely to continue higher and it could rally above the $9,500 resistance. There is a major bullish trend line forming with support near $8,950 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could correct a few points, but dips are likely to remain limited below $8,950.

Bitcoin Could Rally Past $10,000 This past week, bitcoin rallied more than 20% and broke the $9,000 resistance against the US Dollar. BTC price traded as high as $9,479 before starting a sharp downside correction. There was a drop below the $9,200 and $9,000 support levels. The price even declined below the 23.6% Fib retracement level of the upward move from the $7,357 swing low to $7,479 high. Finally, bitcoin price spiked below the $8,500 support, but the bulls protected the $8,400 level. It tested the $8,420 level and remained well bid above the 100 simple moving average (4-hours). It seems like the price found support near the 50% Fib retracement level of the upward move from the $7,357 swing low to $7,479 high. It is currently rising and trading above the $8,800 and $8,950 resistance levels. There is also a major bullish trend line forming with support near $8,950 on the 4-hours chart of the BTC/USD pair. Bitcoin Price An initial resistance on the upside is near the $9,200 level. A successful break above the $9,200 level could lead the price towards the $9,479 high or the $9,500 resistance level. Any further gains may perhaps call for a move towards the $10,000 resistance. Downside Correction If bitcoin fails to continue above the $9,200 resistance level, it could correct lower once again. On the downside, there is a major support forming near $8,950. If the bulls fail to keep the price above the trend line support, it might decline towards the $8,400 support. The next major support is near the $8,000 pivot level (the previous breakout zone). Technical indicators 4 hours MACD – The MACD for BTC/USD is about to gain pace in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently well above the 60 level. Major Support Level – $8,950 Major Resistance Level – $9,500 Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money. Bitcoin Highly Bullish Despite Correction; Here’s What Could Propel it to $10,000 was last modified: May 3rd, 2020 by Aayush Jindal

https://cryptoveins.com/bitcoin-highly-bullish-despite-correction-heres-what-could-propel-it-to-10000/

#Analysis #Article #BTC #chart

[cryptoveins]

Bitcoin Just Surged Past $9k: Here’s Why Analysts Think More Upside Is Imminent

After trading below $9,000 ever since the blow-off top on Wednesday, Bitcoin has been subject to a strong recovery over the past couple of days, culminating in a breakout seen this past hour. The cryptocurrency, as of the time of this article’s writing, is trading for $9,150 — more than 9% higher than the post-rally lows of $8,400 and up approximately 4% in the past 24 hours. Yet BTC is still a few hundred dollars shy of the $9,500 top. Chart from TradingView.com Bitcoin’s breakout comes in spite of a number of bearish signals the cryptocurrency has printed over the past few days: 1) a sell wall consisting of 1,000 Bitcoin — worth over $8 million — that on Saturday morning appeared on Binance, and 2) BTC’s GTI Global Strength Indicator moving past 70, suggesting exhaustion of the bull trend. Bitcoin Has Room to Rally The move past $9,000 is far from the end of the bullish trend, according to top analysts. One well-known trader remarked that there is a strong confluence of reasons to be bullish on Bitcoin at the moment, even with the aforementioned bearish signals spotted on the charts:

The funding rate on BitMEX, which is the amount longs pay short, and the premium index, the difference people pay for Bitcoin on BitMEX vs. BTC’s index price, are “still negative.” This suggests longs are not yet overleveraged. Bitcoin is trading above the yearly volume-weighted average price. BTC is above the 200-day moving average. The one-day Ichimoku Cloud has flipped bullish. Bitcoin’s block reward halving is now only 10 days out.

Asserting how strong the current bull trend is, the trader added that while “you might not call and short THE top, you will save yourself a lot of potential headaches by just waiting for a break in the 1D market structure.” The optimism was echoed by other traders, like the one who shared the chart below, indicating that Bitcoin’s recent price action is eerily similar to that seen in August 2015, when the cryptocurrency saw a parabolic breakout from macro lows. Should Bitcoin continue to follow this fractal to a T, it could hit $14,000 in approximately a week, which would line up with the Bitcoin halving and a subsequent sell-off spurred by miners dumping coins.

Long-Term Trend Also Shaping Positive The long-term trend of the leading cryptocurrency is also starting to shape up to be positive. In a research note on cryptocurrency published Thursday, David Grider — the lead digital strategist at Wall Street analysis firm Fundstrat Global Advisors — said that his firm is bullish on Bitcoin moving forward, specifically citing the halving as a positive catalyst: “We’re bullish over the next 12 months and expect prices may continue moving up into the [halving] and possibly after.” Marketwatch, which covered the note, suggested that Fundstrat sees the cryptocurrency nearly doubling in the coming 12 months to $14,350. Photo by Olav Tvedt on Unsplash Bitcoin Just Surged Past $9k: Here’s Why Analysts Think More Upside Is Imminent was last modified: May 3rd, 2020 by Nick Chong

https://cryptoveins.com/bitcoin-just-surged-past-9k-heres-why-analysts-think-more-upside-is-imminent/

#Analysis #Article #BTC #chart #firm

[cryptoveins]

Mining BitCash (BITC) Using the X25X Crypto Algorithm

The X25X proof-of-work crypto algorithm has been developed by the SUQA poject, later renamed to Sinovate (SIN) for GPU mining with the idea to be ASIC, FPGA, and Quantum resistant. October last year however Sinovate (SIN) has significantly dropped the mining rewards essentially making X25X mining SIN coins not very interesting anymore for most of the miners. Earlier this year however, on March 1st, the BitCash (BITC) crypto project started in 2018 has made its first hardfork and they have switched the PoW mining logarithm they used from X16Rv2 to X25X. This essentially revived the X25X algorithm, even though BITC is apparently not getting the attention it deserves as it is a really interesting project with a lot of features and is really easy to be used with a lot of the functionality built right into the wallet.

We have decided to give BitCash a go and see how mining works and how X25X support has changes since the last time we mined SIN using the algorithm. Unfortunately there hasn’t been much development and a wider support for the algorithm as it hasn’t been that popular and widely used so far. The main miner is T-Rex miner for Nvidia GPUs that also hasn’t seem much updates in the last half a year or so. The solution for X25X mining support for AMD users is still only one – WildRig Multi, though AMD GPUs do not perform as good as Nvidia for this particular algorithm. Here is an example, a single GTX 1080 Ti does around 6.5 MH/s while for the same hashrate you would roughly need 8x RX 580 AMD GPUs, so BitCash and X25X is definitely more interesting for Nvidia miners.

Almost all of the mining hashrate is split in about half between BSOD and Zergpool with a couple other much smaller pools supporting BITC mining as well, so the two top pools should be the preferred choice. Zergpool has support for solo and party mining that can be interesting alternatives to the standard pool mining for some users, considering that the BitCash network hashrate is currently not that big. BitCash is being traded on multiple smaller crypto exchanges such as STEX, TOKOK, CITEX, Crex24 and Graviex. According to CoinMarketCap at the moment BitCash (BITC) has around 300k USD market cap with more than half of that as volume.

– For more information you can check out the BitCash (BITC) crypto project here…

https://cryptoveins.com/mining-bitcash-bitc-using-the-x25x-crypto-algorithm/

#Article #Mining #ASIC #network #proof-of-work

[cryptoveins]

There’s a $8 Million Bitcoin Sell Wall That Will Haunt Any Near-Term Uptrend

The price action over the past few days has undoubtedly been positive for Bitcoin. Case in point: the cryptocurrency ripped over 20% higher from the mid-$7,000s to a price as high as $9,500 over the course of 48 hours. Prices have since consolidated at $8,800, with BTC finding itself stuck between support around $8,500 and resistance at the ever-important level of $9,000. The consolidation, unfortunately, could result in a further sell-off as an analyst has noted that a large Bitcoin sell wall has formed on Binance. Sell Wall Could Put Stop to Rallies Although Bitcoin has been making attempts at rallying higher over the past few hours as of this article’s writing, a top analyst observed that a sell wall consisting of 1,000 Bitcoin — worth over $8 million — has just recently appeared on Binance. Should BTC fail to catch a bid during any attempt at rallying in the coming hours, it could be strongly rejected by the Binance sell wall, which will act as resistance for the cryptocurrency market as long as it is on the order book. Chart from @Yodaskk (Twitter) Adding to the threat the sell wall poses to Bitcoin in the near term, Bloomberg also recently observed that the cryptocurrency recently became technically overbought “based on the GTI Global Strength Indicator,” with the momentum oscillator recently crossing above 70. “With Wednesday’s jump above $8,000, the largest cryptocurrency entered overbought territory based on the GTI Global Strength Indicator. Assets are considered overbought if the reading exceeds 70 and could indicate that it may be difficult for the token to notch additional gains in the short-run,” the outlet wrote. This confluence corroborates an analysis by a top crypto trader, who identified that Bitcoin is likely to correct towards the low-$8,000s due to the rejection at a key Fibonacci Retracement level. He wrote: “Bitcoin made 5 waves down on the smaller timeframes, ABC back up and swiftly rejected the 0.618 almost to the $. Now I think we get one more leg down into low $8ks. This will be a buy the dip opportunity in a strong uptrend.” Bitcoin Still Has a Bullish Trend Despite the risk of a short-term correction, there is a growing number of prominent investors and traders that believe the crypto market’s medium-term trajectory remains bullish. Kelvin Koh — a former Goldman Sachs partner and current partner at The Spartan Group — recently wrote in an analysis that the ongoing COVID-19 outbreak is decisively bullish for Bitcoin and other digital assets. Central banks injecting trillions of dollars worth of stimulus into all facets of the economy while BTC will see its block reward halving, Koh explained, are trends with “uncanny timing[s]” that “dramatically increase the odds that we get another exponential price spike for Bitcoin with spillover effects to other crypto assets.” In terms of on-chain metrics, data companies in the industry like Glassnode and Coin Metrics have observed that the number of individuals using Bitcoin and other cryptocurrencies is on the rise, only corroborating the idea that a bull rally is brewing. Photo by Ioana Cristiana on Unsplash There’s a $8 Million Bitcoin Sell Wall That Will Haunt Any Near-Term Uptrend was last modified: May 2nd, 2020 by Nick Chong

https://cryptoveins.com/theres-a-8-million-bitcoin-sell-wall-that-will-haunt-any-near-term-uptrend/

#Analysis #Article #BTC #chart

[cryptoveins]

The Monero Means Money Movie is Now Available for Free

Monero Means Money: Cryptocurrency 101, Live from Leipzig is a Documentary Feature Film that explains the origins and purpose of Monero, a fungible cryptocurrency. The movie has concluded its theatrical run, so now it premieres for free on YouTube for everyone interested in checking it out. Monero Means Money is the #1 Cryptocurrency Documentary according to IMDB.

In Monero Means Money Dr. Daniel Kim gives a deep-dive summary of the technical, economic, and social aspects of fiat, Bitcoin, and Monero from 2008 to the present day. In keeping with 36C3 CDC’s theme of “Respect My Privacy,” this talk emphasizes features of cryptocurrencies and asset protection structures that are important to those early adopters who value their privacy.

Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity. Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Monero provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.

– For more information about the documentary movie Monero Means Money: Cryptocurrency 101…

https://cryptoveins.com/the-monero-means-money-movie-is-now-available-for-free/

#Article #Mining #network #transactions

[cryptoveins]

Bullish for Crypto: A G7 Central Bank Confirmed It’s Floating Negative Rates

Despite the roaring recovery in the S&P 500, crypto, and other markets,  many facets of the global economy remain in recession. Dozens of millions are unemployed, consumer spending is down, and the global supply chain has come to a screeching halt. With cashflows going negative around the world, meaning firms are at risk of going bankrupt and millions more risk losing their jobs, central banks have announced increasingly stronger forms of monetary policy to save businesses and individuals. This was accentuated when the incoming head of a Group of Seven (G7) central bank announced that it is considering negative interest rates. It’s a statement that many in the crypto industry have embraced as a sign of why Bitcoin has intrinsic value in today’s world. Bank of Canada’s Incoming Governor Floats Negative Rates When consumers hold money in banks, they expect to be paid an interest rate. But, this financial trend has started to change as central banks have tried to spur economic growth. While currently rare, more and more banks (mostly in the Nordic region thus far) have begun charging depositors for holding money with them, a stark contrast from the yields that savings accounts have classically offered over the decades. Related Reading: Crypto Tidbits: Bitcoin Hits $9ks, a16z Raises $500M Crypto Fund, Ethereum 2.0 Nears Canada could soon be joining the mix, with the Bank of Canada’s incoming governor indicating in a press conference that the central bank is considering the possibility of introducing negative interest rates.

BREAKING NEWS: BANK OF CANADA’S NEW GOVERNOR SAYS NEGATIVE INTEREST RATES IS ON THE TABLE… — Gold Telegraph ✪ (@GoldTelegraph_) May 1, 2020

The Bank of Canada is currently imposing a policy interest rate of 0.25%, which has mostly followed that of the U.S. Federal Reserve over the past few years. That’s Where Bitcoin & Crypto Comes In The idea goes that Bitcoin and other crypto assets stand to benefit from the global trend of central banks becoming increasingly aggressive. In a research report published on April 30th, Phil Bonello, head of Grayscale Investments’ research division, commented on this narrative: “Today’s macroeconomic environment continues to reinforce that a scarce, digital, non-sovereign form of money may be an attractive place to store value and may serve as a hedge against unrestrained money printing.” Bonello contrasted central banks’ quantitative easing with Bitcoin’s block reward halving, which has recently been dubbed quantitative tightening due to the fact that the event drops the issuance rate of the crypto, instead of increasing issuance as QE and extremely low (or even negative) interest rates do to fiat. In a world of negative interest rates, holding Bitcoin and other crypto assets makes that much more sense to hold over fiat currency — which is not only being taken away from depositors and is also being debased by aggressive monetary policy. Encapsulating this sentiment, Mike Novogratz —  the CEO of Galaxy Digital — said “Buy Gold. Buy Bitcoin” in reference to the news that Deutsche Bank will be implementing negative rates in savings accounts.

Buy Gold. Buy $btc. https://t.co/n10AWjthAo — Michael Novogratz (@novogratz) April 30, 2020

Photo by Armando Arauz on Unsplash Bullish for Crypto: A G7 Central Bank Confirmed It’s Floating Negative Rates was last modified: May 2nd, 2020 by Nick Chong

https://cryptoveins.com/bullish-for-crypto-a-g7-central-bank-confirmed-its-floating-negative-rates/

#Analysis #Article #BTC

[cryptoveins]

WildRig Multi 0.20.6 Beta AMD GPU Miner With Sha256csm Support

The latest WildRig Multi 0.20.6 Beta AMD GPU miner has added support for the Sha256csm algorithm used by the BitcoinFlex (BCX) and Consortium (CSM) crypto projects. The few prior versions were focused around adding X17r algorithm support if you have not updated the miner for a while you can check the Unknown Fair Object (UFO) that uses that particular algorithm which seems to be an Asian crypto project.

The latest WildRig Multi is currently available for Windows, Ubuntu Linux and HiveOS as a closed source binary and with a 2% developer fee built-in by default, though it can be reduced. The wildkeccak algorithm is with fixed 2% dev fee with no possibility to change by the user.

– To download and try the latest WildRig Multi 0.20.6 Beta AMD GPU multi-algorithm miner…

https://cryptoveins.com/wildrig-multi-0-20-6-beta-amd-gpu-miner-with-sha256csm-support/

#Article #Mining #Algorithm #GPU

[cryptoveins]

Tezos and Chainlink Team Up; Which Crypto Will Benefit the Most?

Chainlink is joining forces with Smart Chain Arena and Cryptonomic to provide the Tezos developer community with real-time data feeds via its decentralized oracle network. Now, anyone building smart contracts on top of the Tezos protocol will be able to access off-chain resources and use this data within their on-chain applications. “Providing Tezos developers with the most secure and reliable oracle solution is essential to advancing the Tezos ecosystem… Chainlink’s secure decentralized oracle network makes possible a plethora of new use cases across DeFi, Equities, Insurance, and much more,” said Vishakh, co-founder of Cryptonomic. The integration of Chainlink’s oracle solution will make it easier for developers to build on top of Tezos. Essentially, they will be able to avoid the pitfalls of creating a decentralized pricing feed on their own. This process is described by Sergey Nazarov, the head of Chainlink, as a big onion due to the problems discovered after each layer. As Chainlink expands its utility and Tezos eases the development of smart contracts applications, both cryptos will likely benefit substantially from the partnership in the long run. Social Engagement Metrics Explode The announcement sparked interest among market participants. Tezos was Chainlink saw a significant spike in their social engagement metrics, according to crypto insights provider LunarCRUSH. The firm reported over 790,000 social interactions for each of these altcoins around the time the news broke. Roughly 80% of the chatter regarding XTZ was bullish while 78% of the social media interactions regarding LINK shared optimistic views. Tezos vs. Chainlink Social Engagement Metrics. (Source: LunarCRUSH) Tezos and Chainlink Rebound Sharply The spike in interest allowed Tezos to bounce off the 61.8% Fibonacci retracement level rising over 9%. XTZ moved back to $2.90 and it is now consolidating between the 23.6% and 38.2% Fib levels. The inability to determine in which direction the trend will result makes this area a no-trade zone for intraday traders. Breaking above this area may see an increase in the buying pressure behind XTZ with the potential to push its price to $3. Conversely, a candlestick close below the 38.2% Fib level could see the smart contracts token pull back to the 50% or even the 61.8% Fib level. These support barriers sit at $2.80 and $2.75, respectively. Tezos Consolidates Between the 23.6% and 38.2% Fib Levels. (Source: TradingView) Along the same lines, demand for Chainlink rose around the 61.8% Fib level. This allowed it to regain the 23.6% Fib level as support. Another increase in buy orders around the current price levels may see LINK revisit the recent high of $4. Yet, failing to hold above the 23.6% Fib level could see it retrace to $3.8 or lower. Chainlink Turns the 23.6% Fib Into Support. (Source: TradingView) Overall Crypto Market Sentiment The recent announcement about the integration of Tezos into Chainlink’s oracle network may have increased the demand for these cryptocurrencies. However, the overall market structure suggests that a correction is underway. The head of Hedge Fund Telemetry, Thomas Thornton, who has been extremely accurate at predicting tops and bottoms recently issued a warning about the crypto market reaching “overbought” territory. The analyst noted that the Tom Demark (TD) Sequential indicator presented a sell signal for Bitcoin. This could potentially affect the rest of the market. As Bitcoin’s halving approaches the market appears to be entering a period of exuberance and high volatility. The erratic behavior may result in a steep decline like it happened in the previous halving. Investors must remain cautious to avoid adverse market conditions. Featured Image from Unsplash Tezos and Chainlink Team Up; Which Crypto Will Benefit the Most? was last modified: May 1st, 2020 by Ali Martinez

https://cryptoveins.com/tezos-and-chainlink-team-up-which-crypto-will-benefit-the-most/

#Analysis #Article #firm #network #protocol

[cryptoveins]

Top Technical Analyst Claims Latest Bitcoin Engulfing Candle Isn’t Bullish

Last night’s Bitcoin monthly April candle closed as a bullish engulfing, often considered a reversal candle by traders and analysts. Bulls must beware, however, as one of the most respected top technical analysts recommends not trading this setup when the primary trend is down, as more often than not it leads to another devastating crash. Bitcoin April Monthly Closes As Bullish Engulfing In March, a day now dubbed Black Thursday caused Bitcoin to erase nearly all gains over the last year and a half of price action. The record-breaking collapse took the first-ever cryptocurrency to below $3,800. Related Reading | Bitcoin Price Sets Longest Stretch of Positive Weekly Growth Since May 2017  But this week, Bitcoin price rocketed to over $9,500 in a dramatic push from extreme lows. The rally continued through the monthly close, causing the leading crypto asset by market cap to form a bullish engulfing candle on the monthly timeframe. The highest timeframes are the most effective signals, typically, so the crypto market is rightfully feeling bullish once again, especially with Bitcoin’s halving less than two weeks away. Google Trends are already skyrocketing alongside the price of the crypto asset, potentially signaling the start of another bull market. But one expert focusing on chart patterns warns that the signal isn’t worth trading. Not So Fast, Says Thomas Bulkowski, Chart Pattern and Technical Analysis Expert Thomas Bulkowski is a world-renowned technical analysis who has released a number of books on chart patterns and has completed extensive statistical research across thousands of charts to find out the success rate of certain signals. He has put together metrics on how far prices move after patterns confirm, how far the price will throwback to test support, and much more. If anyone can speak with authority on which patterns are worth trading, it’s Bulkowksi. He’s even penned full encyclopedias on the subject.

On his website, called The Pattern Site, Bulkowksi explains that a bullish engulfing candle acts as a reversal 63% of the time. At first glance, that sounds incredibly bullish. And while it is in the short term, Bulkowksi warns that when the primary trend is down, bullish engulfing candles are very short-lived, and are often followed by another drop. Related Reading | Sell Bitcoin in May and Go Away? Ominous June Event Could Cause Crash The same thing happened in the past in June 2018. Next, a three black crows pattern completed, and the deadly November 2018 drop occurred that took Bitcoin price to its bottom around $3,200.

Is this latest bullish engulfing candle in Bitcoin yet another fake-out that leads to further downside and a continuation of the downtrend? Only time will tell, but for now, the bullish momentum will continue as crypto traders anticipate a reversal with the halving. Top Technical Analyst Claims Latest Bitcoin Engulfing Candle Isn’t Bullish was last modified: May 1st, 2020 by Tony Spilotro

https://cryptoveins.com/top-technical-analyst-claims-latest-bitcoin-engulfing-candle-isnt-bullish/

#Analysis #Article #chart

[cryptoveins]

Bitcoin Market “Fireworks” Are Dependent on This Critical Level Above $10k

The past few days have undoubtedly been bullish for Bitcoin, with the cryptocurrency ripping over 20% higher from the mid-$7,000s to a price as high as $9,500 over the course of 48 hours. This stunning rally has brought the cryptocurrency above some key resistance levels pointed out by traders. One trader noted that during the move, BTC passed the point at which bears made their “last stand,” marked by a confluence of resistance levels like the 200-day simple moving average and the 61.8% Fibonacci Retracement of the 2020 highs and lows of $10,500 and $3,700, respectively. Related Reading: Crucial Bearish Factor That Haunted Bitcoin Since $5ks Was Just Invalidated It’s too soon to be long-term bullish on Bitcoin, though, with a leading investor claiming that the crypto market remains in a macro range, not in a bull market as some investors have asserted. Bitcoin Needs to Eclipse $11,800 According to a prominent crypto trader, while the recent breakout has brought the cryptocurrency above a crucial resistance, Bitcoin is in a “ranging market until we close a weekly [candle] $11,800.” A close above this price point, he explained, will catalyze “real fireworks” for the BTC market. As can be seen in the chart below, $11,800 has been a critical inflection point for Bitcoin, with $11,800 marking the top of 2019’s rally on two occasions, and the top of a reversal rally in the 2018 bear market. Chart from @George1Trader (Twitter) Related Reading: A Top Crypto Trader is Selling His Altcoins Due to These “Red Flags” Can Price Do It? Although $11,800 is a whole 35% above the current market price of $8,800, there are signs that Bitcoin will start trending towards that critical level in the coming days ahead. Per previous reports from NewsBTC, Kelvin Koh — a former Goldman Sachs partner and current partner at The Spartan Group — wrote in a recent analysis that the resilience of digital businesses amid the coronavirus outbreak will be a decisive boon for crypto: “One thing was made clear during the pandemic. Digital businesses were clear winners in this crisis and a world scarred by it will accelerate towards digitization, which bodes well for crypto longer term,” the analyst wrote on the subject. Koh added that with central banks injecting trillions of dollars worth of stimulus into the economy, crypto stands to benefit.  “Some of the trillions of dollars of stimulus from central banks will inevitably flow into crypto assets,” he explained. Technical indicators share an optimistic outlook. A trader found that Bitcoin has printed a series of bullish divergences. The divergences the trader pointed to were notable as he found a total of three on a weekly time frame: Bitcoin has trended lower as the Money Flow Index, the MACD, and the Fisher Transform indicators have pushed higher. Chart from @CryptoHamsterIO (Twitter) The imminence of the block reward halving could accelerate this bullish narrative, especially as investors continue to buy in anticipating the event. Photo by Ray Hennessy on Unsplash Bitcoin Market “Fireworks” Are Dependent on This Critical Level Above $10k was last modified: May 1st, 2020 by Nick Chong

https://cryptoveins.com/bitcoin-market-fireworks-are-dependent-on-this-critical-level-above-10k/

#Analysis #Article #BTC #chart

[cryptoveins]

T-Rex 0.15.x Nvidia Miner to Also Support the KAWPOW Algorithm

It has been almost half a year since the last release we have seen from the T-Rex Nvidia GPU miner with the latest updated it had focused on X16Rv2 support and fixes (the current Ravencoin mining algorithm). The good news is that a new version of the T-Rex miner is coming that will support the new KAWPOW mining algorithm that Ravencon (RVN) will very soon fork to – May 6th 2020 at 18:00:00 UTC. The current test version 0.15.x has added support for 3 new algorithms: kawpow (upcoming RVN fork), progpow and mtp-tcr, though do note that apparently there are still some things that need fixing as there seems to be some issues…

Trying out the latest T-Rex 0.15.1 test version (CUDA 9.2 version) has resulted in the miner unable to run as it is looking for nvrtc64 library with a different name than the regular one used and also included with the miner… renaming the dynamic library to the name the miner is looking for helps (the CUDA 10.0 version is fine). However even though the miner is running it has trouble properly mining on Minermore and BSOD Ravencoin testnet mining pools that already support KAWPOW mining. Hopefully the problems will soon be resolved and an official 0.15.x release will be made available for everyone to download and use for Ravencoin (RVN) mining after the May 6th hrdfork to the KAWPOW algorithm.

Definitely good news for everyone eagerly awaiting for the Ravencoin fork to KAWPOW to switch back to mining RVN coins with his GPU mining rigs as most miners that support Ravencoin mining are already supporting or will soon have proper support for the new algorithm. The only one that still remains silent regarding KAWPOW support is Z-Enemy and that was one of the most popular choices for mining RVN in the earlier days of the crypto projects. Hopefully we are going to see an update there as well. Meanwhile if you are looking for the best and most problem free miners for KAWPOW, then check out the closed source NBMiner 30.0 and the official open source one called Kawpowminer 1.2.0 with no dev fee.

https://cryptoveins.com/t-rex-0-15-x-nvidia-miner-to-also-support-the-kawpow-algorithm/

#Article #Mining #Algorithm #fork #GPU

[cryptoveins]

New Kawpowminer 1.2.0 and Raven Testnet Pool on BSOD

There are just 5 days left before the Ravencoin (RVN) fork to the new KAWPOW algorithm and you should probably get ready for mining. To do so you might want to try the latest official Kawpowminer 1.2.0 bugfix release supporting the new KAWPOW algorithm to be used by Ravencoin for mining after the fork. This release is based on Progminer ProgPoW miner and is opensource and has no development fee unlike some other miners available that also do support the KAWPOW algorithm. Do note that the miner binary release still does not include the required Nvidia CUDA libraries, so you would also need to have the latest Nvidia CUDA Toolkit installed (or at least the runtime libraries from it).

Besides the Minermore RVN testnet pool announced with the initial release of the Kawpowminer, there is now a RVNt pool for testing KaWPOW mining on BSDO Pool as well. You can use the below command line to test mining on the BSOD pool, just set a WALLET address and you should be ready to go:

RavenCoin KAWPOW testnet BSOD pool: kawpowminer -U -P stratum+tcp://[email protected]:2638

Do note that BSOD pool recommends that you test with the latest Kawpowminer or the latest NBMiner 30.0 as other mining software such as GMiner 2.09 and TT-Miner 4.0.0 apparently still have some issues that need to be fixed for proper KAWPOW support, though they will hopeful be fixed in time for the fork expected to happen on May 6th 2020 at 18:00:00 UTC.

– To download and try the latest official Kawpowminer 1.2.0 miner for KAWPOW…

https://cryptoveins.com/new-kawpowminer-1-2-0-and-raven-testnet-pool-on-bsod/

#Article #Mining #Algorithm #fork