Soon after a day of recovery, the Cryptocurrency market reenters the red zone; major cryptocurrencies along with the king of cryptoverse is mostly in red, though the losses are nominal. Bitcoin is trading 1.78% down against yesterday’s closure. The second-largest Cryptocurrency Ethereum is trading almost 2% below yesterday’s close.

The dominance of Bitcoin affected the price of Vechain VET yesterday, though today we can see the price of vechain again flattering in green, though the gains are minimal. The Price of VeChain is currently trading at $0.004570 against the United States dollar, the price is up by 1.35% against yesterday’s close, and the momentum of the coin is bullish for the day.

VECHAIN PRICE ANALYSIS:

The Vechain (VET) was trading at $0.004582 yesterday, the price of VET open with $0.004582 and closes at 0.004536, the price of the coin was falling and reached as low as $0.004491 at 12:48 UTC  yesterday. The circulating supply is 55,454,734,800 VET. The market cap of the coin has reached $253,563,498 USD. The 24-hour volume of the currency VET is $28,692,022 USD. The ROI of the coin is now -69.60%. In the last 30 days, VeChain has shown a downtrend of over 19.2% and is not showing any significant surge or dips in price since the last few days.

VECHAIN LATEST PARTNERSHIP:

The vechain is one of the most popular Cryptocurrencies of 2019 with a lot of latest collaborations and partnerships. The latest partnership of vechain with WalMart and counterfeit wine has created a lot of buzz about vechain in the market. The country representative of vechain, Jason rockwood explained about vechain’s role in Walmart in an interview with Bloxlive.TV. In this interview, he explained how vechain will function as a fully decentralized blockchain which is more suitable for enterprise use than Ethereum.

Jason Further informed about the latest upgrades of the vechain protocol, he reveals about the latest adoption of a centralised governance system for vechain.

“One of the first things that makes a big difference is our governance model. It is more centralized than Ethereum… It’s easier to update and easier to manage. And at the end of the day, that’s what a lot of enterprises are looking for. They want to make sure that they’re making an investment in a platform that will always be at the head of the curve in terms of what’s best practices for technology.”

He further added that there are are other interesting enterprise collaborations in development apart from VeChain’s high-profile partnership with Walmart.

“We’re very proud of our relationship with the world’s largest electric car manufacturer BYD which is based in China, and we’ve partnered with them to build a carbon credit ecosystem that incentivizes consumers to make better decisions for the environment. We’re also working with DNV GL and the government of San Marino which is a small nation-state in Italy, and we’re working with them on a number of government administrative initiatives. And I’d also mention our work with BMW, where we’re working on a number of efficiencies in making their cars more secure and helping with the verifiability of some of the auto data.”

With the latest additions in Vechain partnerships and developments, the price of vechain is expected to grow in the long term, though the news is not reflecting any prominent growth in the short term.

The cryptocurrency market is going through ups and downs in the previous weeks. Some of the currencies are facing downward trends and on the other hand, Dogecoin is also struggling with the downside trend, the currency is still hovering around the value of $0.0026. All altcoin in the market is also suffering from the same fate and bearish pressure.

On 26th August 2019, the currency was about to reach a high value of $0.002829 and even the low value of $0.002640.

Current Status of Dogecoin (DOGE): The currency is trading at the value of $0.002601 and its value is decreasing by 0.56%. The market capitalization of the currency is $314,616,289 and the 24-hour volume of the Dogecoin is $21,596,383. The circulating supply of the currency is 120,967,791,698 and 365.45%.

On 26th August, the currency is trading at the value of $0.002666, later the value increased by 2.69% and reached up to $0.002738. But, later the currency dropped down to $0.00258 from the value of $0.00273 and the total decrease was around 6.18%. Somehow, the reached achieved the value of $0.002685 and the increasing value was around 0.72%.
But, yesterday, the value of Dogecoin was decreased by 5.52%, the values go down to $0.002537 from the value of $0.002685. Later the value of the currency decreased around 1.43% from its opening value in the market.

Dogecoin price prediction 2020: The reason behind the decrease in the value of dogecoin is due to market pressure. On the other hand, the experts are saying that the bears will stay for a bit longer time and not leaving the market soon. Intraday investors are possibly suffering. The coin will provide high ROI to the long-term investors and its value will surely rise in the future.

Telegram is moving forward with its own digital currency plans while Facebook’s Libra has run into issues with regulators.

According to three investors who have spoken with Telegram recently, Telegram has told investors that within the next two months, it is planning to send out the first batches of its coin – the Gram.  It has set October 31^st, 2019 as the deadline.

The investors said that Telegram plans to make Gram digital wallets available to the 200 million to 300 million global users of Telegram’s messaging application. The investors spoke on the condition of anonymity because they had signed nondisclosure agreements.

Telegram has stated the Gram will become a new online currency and a way to move money anywhere in the world. Telegram’s plans for Gram have much resemblance with Facebook’s plans for Libra which were unveiled earlier this year.

When Telegram raised $1.7 billion from big-name investors including some of the largest venture capital firms in Silicon Valley in early 2018, the scope of Telegram’s ambitions was evident.

Telegram has largely proceeded in secrecy unlike Facebook, which released public plans for its digital money long before the first token was ready. This kind of opaqueness could increase the number of questions that it will face from government authorities when it finally makes its tokens public.

The concern that coins like Gram and Libra could, like Bitcoin before them, be useful to drug dealers and money launderers is growing amongst regulators.

The authorities in the United States have cited violations of securities law and moved to shut down smaller cryptocurrency projects already.

Richard Levin, who specializes in cryptocurrencies law at the law firm Polsinelli, said:

“Anyone trying to build this type of token system has to be careful on any number of levels with regulators.” He also added, “I suspect that regulators will take a very close look at this offering.”

Multiple requests for comment were made to a Telegram spokesperson but were met with no response.

The opinions of government authorities have always been met with a degree of disregard by Telegram. The company was created by Pavel Durov, a self-described libertarian who fled Russia after clashing with the government. He was forced to sell off his first successful social network, VKontakte. Mr Durov now works from offices between Europe and the Middle East.

The Telegram app evolved a way to send encrypted messages between phones which made it popular with terrorists as well as government dissidents and protesters, most recently in Hong Kong and got tangled with the government. It will be interesting to see how regulators will deal with this cryptocurrency after Telegram’s history with the government.

Florida Federal Judge, Bruce Reinhart has ordered Craig Wright self-proclaimed Satoshi Nakamoto to turn over 50 percent of the Bitcoin (BTC) that he mined along with his former business associate, deceased computer genius, Dave Kleiman. 

The Florida Judge has also ordered him to hand over 50 percent of any intellectual property that he has developed along with Dave Kleiman. 

This judgment has come as a major blow for Craig Wright self-proclaimed Satoshi Nakamoto. 

The news was confirmed by Craig Wright himself when in an interview he boasted that he still is a Bitcoin whale as he still owns more than $5 million United States Dollar (USD) in Bitcoins.

According to some Twitter account, though the Federal Judge acknowledged that Craig Wright has committed perjury but still decided not to throw him in jail and not impose any fine upon him.

 (Perjury is a third-degree felony in Florida punishable by up to 5 years in prison and a fine of $5,000 United States Dollar).

Peter McCormack @PeterMcCormack

** BREAKING NEWS **

Craig Wright has lost his case against Ira Kleiman. Kleiman awarded 50% of IP and Bitcoin mined.

The Judge rejects CSW’s testimony and finds that perjured himself with falsified documents.

Hahahahahahahahahahahahahahaha see you in Malta you melt!

Though one of Craig’s admirer Calvin ayre took his twitter to predict the outcome of the case, which didn’t fall on the right place and he has to face the criticism of Twitterati’s. 

Calvin Ayre ✔ @CalvinAyre

Though #CraigisSatoshi and this will be obvious to all in time (it is already to everyone smart), this is now moot. Real #Bitcoin #BSV is beyond any one person now…it is the worlds top utility platform with its unique in the world massive scaling and Craig did this for sure. 156 17:16 – 26 Aug 2019Twitter Ads information and privacy 254 people are talking about this

Calvin Ayre ✔ @CalvinAyre  · 26 Aug 2019

Though #CraigisSatoshi and this will be obvious to all in time (it is already to everyone smart), this is now moot. Real #Bitcoin #BSV is beyond any one person now…it is the worlds top utility platform with its unique in the world massive scaling and Craig did this for sure.

A v B @ArminVanBitcoin

Go fuck yourself mop head.

A v B @ArminVanBitcoin  · 27 Aug 2019 Replying to @CalvinAyre

Go fuck yourself mop head.

Satoshi N @phil_exe

You make me vomit.

But the case is still not over and the proceedings are ongoing. The details of the case documented as “Kleiman vs Wright” is still not made public.

Florida Federal Judge, Bruce Reinhart has also noted that Craig Wright has, “failed to present any credible evidence showing that any of the parties he suggests are members of W&K.” Moreover, the Judge wrote that “the Court simply does not find the Defendant’s testimony to be credible” as to membership in W&K.

Cryptocurrencies are now number one choices of a new generation, they are decentralized, they provide privacy and they are fast. They also provide many different options for utilization and they have numbers of users around two billion. Cryptocurrencies are fancy between millennials and they are investing in these nowadays instead of tradition options such as stocks, gold, etc.

Many private companies are trying to launch their own cryptocurrencies, for example, Facebook’s Libra, it has received a lot of criticism from the government or official bodies, and central banks around the globe. If we talk about the world’s biggest cryptocurrency Bitcoin, it’s has been through a lot of risks throughout this year, still, it is proposing itself as the safe option and it is not ready for that thing. As per the head of over-the-counter sales at a cryptocurrency exchange of Kraken, Nelson Minier has also stated in nearly is same as Wall Street when he works there as a new employee.

Bitcoin Analysis (BTC/USD): Bitcoin’s move in the market is going in the symmetrical triangle. The currency has been through a lot this year currently is under the bearish pressure. The two moving averages are squashed and the RSI is just beneath the mid-value, that is the position to a combination in the short-term. The symmetrical triangle generally shows the continuation structure, and therefore we have to sustain bullish favour and have to watch for a good entry. If the breakout happens then the value will go up and due to this traders can do long position as suggested in the earlier analysis.

On the other hand, the symmetrical triangle works as the reversal structure. The currency is trading at the value of $10,108.68 and it’s going down by 2.41%. The support is around 9,080 and the breakout can take the value as low as $7,451.63. The value is beneath the two moving averages and there is uncertainty on the chart.

Ethereum Analysis (ETH/USD): The currency is trading at the value of $186.42 and its value is going down by 2.00%. The BTC value of ETH is 0.01844445 and its value is increasing by 0.46%. Ethereum is trapped between the value of $174.461 and 20-day EMA. The two moving averages are going down and the RSI is in the red zone, that means the bears are in charge. The currency also dropped from the main support level of $192.945 on 14th August.

But still, the currency is maintaining the drop till the next support level of $150. The price is also for succeeding through the downside after dropping from the crucial support, the short term investors are getting profit due to it is going in reserve and opposite direction. If the currency breakout with bulls then the 20-day EMA will help it to reach up to $235.70 and the minor resistance level also lies at 50-day SMA, it will surely cross that. The investing for the long term is risky because of the decreasing value.

Ripple Analysis (XRP/USD): The currency is trading at the value of $0.266888 and the value is decreasing by 1.24%. The currency achieves the 20-day EMA and wasn’t able to break it. The virtual currency is actually under the bearish pressure and 20-day EMA is defended by that. The lower support level is also alluring the breakdown beneath the value of $0.24508. If the above value of 20-day EMA is pushed by bulls, and the downside trend will end. There is still minor resistance at the value 50-day SMA and it overcomes it. The break down will move first towards the $0.34229 and the investors can start the long positions. The pair of XRP/USD is dropped beneath the value of $0.24508 and the next support level will be $0.19.

Bitcoin Cash Analysis (BCH/USD): The currency is hovering and the value of the coin is dropped, the value is trapped between the 20-day EMA and channel trend line. The two moving averages breakout can make the currency achieve the value of $360 and it is the important resistance level. If this resistance is broken then the bullish movement will take place. The experts are suggesting the long term and it breakout near to the value of $360.

If the pair of BCH/USD will go up, then it will create a large head-and-shoulder structure. The breakdown and closing of the value beneath the neckline will finish the bearish movement. The next support level is $166.98 and even below this the value of $105.

Litecoin (LTC/USD): The currency is maintaining the value above $69.9227 for the previous few days, but it has not made any strong achievement. This movement has displayed a balance among the buyers and sellers. If the value dropped down this value then the bears will have the upper hand and the next support level lies the value of $58. If the 20-day EMA will breakout then we can say that the investors are in action.

The pair of LTC/USD has gone down before this for two times and then we just need to wait for it go into a green signal. Above this downtrend, the first resistance will be $105.676 and if this breakout is broken then the bulls will be in action.

Binance Coin (BNB/USD): The currency is trying to stick around the support level of a value of $26.202. The buying interest of the investors is negative currently. If the value the coin goes down from this value, then BNB will reach the value of $24.1709 and it doesn’t get bulls action near then it will drop down up to $18.30. The two moving averages are going down and RSI is also below the midpoint, this shows the currency is under bearish pressure.

If the pair is able to break the 50-day SMA and the value of the $24.1709 increases then the negative signal will turn into a green one. This will be a signal for the investors and the currency must maintain the value around the 50-days SMA.

EOS/USD: The currency is in the red zone and the currency’s value is trading beneath the moving averages. The RSI is also in the red zone and the currency is in the bearish movements. If the break down will happen at the important support level of $3.30 then the downtrend will follow. But, somehow the bearish movement is not able to move below the value of $3.30 some 16th July.

If the bulls are able to move above the 20-day EMA, it might allure the investors for the change of trend. Overhead of 20-day EMA, there is a little resistance at the 50-days SMA and above that the pair of EOS/USD can achieve the value of $4.8719. The experts are suggesting that the investor should buy when it is closed overhead the 20-day EMA and the loss will be the end of the value of $3.20. The position size is the same as 50% and there is hope that the trend will change.

Bitcoin SV (BSV/USD): The currency is trading in the close space in the previous 5 days. This usually succeeded by the extension in the value and it will enable a short-term trading option. The traders need to wait for any conclusive move to the two moving averages before doing trading. The bulls action will take the value around $188.69 and if the value breakout on the downside then the value will drop up to $123.67. Then further it will drop up to $107, which is a strong support level. The value can drop till the value of $85.338 and it is a huge red zone for the pair of BSV/USD. The RSI is beneath 50 and two MA is going down, the bears can overtake.

Monero (XMR/USD): It is bound with the range and if the value will break that range then the value will go bullish. On the other hand, if the value decreases beyond this range then it will initiate a new trends downside. The traders should trade after any conclusive move of the range due to value activities within the range can change too.

If the break out happens then it will be the first signal of the bullish movement. If the break our overhead $98.2939 will occur then the uptrend will happen surely. On the other hand, if the value of the pair goes down around $72 or even $60, then the bear will overpower. The XMR/USDchart is not showing good signals for buying.

Stellar Lumen (XLM/USD): The currency is under the bearish pressure and two moving averages are also going down, that means the bearish are in power. The bulls tried to make the price overhead the 20-day EMA towards the resistance level of $0.072545 on 25th August, but it was able to do so. The value is going down slowly from the above price, while the bulls are trying once more to expand the value above the next resistance. If this time the move will successful to move above the 50-day SMA and the value of $0.097795. The experts are suggesting this deal only for traders who are aggressive enough to take the risk.

On the other hand, the pair of XLM/USD is not able to break out the above resistance level, then it might bring the value again to $0.065435. If the come near the yearly lows then it will continue the downtrend.

Briefings on Tron:

TRON, as it is known to all, is a platform for all the decentralised applications which was founded in Singapore by CEO of TRON  named Justin sun. it had initially aimed to serve the entertainment industry but now it covers all the dapps (decentralised applications) market. The performance of TRON has been very impressive all throughout of its trade.

The latest information on TRON

Tron has been heightening the prices since the last couple of days. In the third quarter, unfortunately, the prices have gone down on the extremes. This has distressed all the traders. The traders were expecting that the losses would be compensated in the months coming up but it did not to their utter disappointment. The changes in the prices, failed to satisfied the traders. The traders have been trying to figure out the cause that has caused the fall of the price of TRON and devise solution then.

Current Statistics: 

• Tron price is dealing with $ 0.017500
• ROI is marked as 754.37 %
• the market cap is noted as 1,168,610,919.
• the twenty four hours volume is marked as $ 458,848,534

The analysis in price of TRON

Tron had escalated by 2.63%. it had opened with a price of $0.0175 and then it had jumped to $0.0179. TRX started faltering then. The prices were escalating at a rapid rate but it had started dropping abruptly. There was a slight recovery of 1.34% which ensued the change of price of TRON by 1.34%. it had been anticipated that the price would again accelerate but it did not meet any of their expectations.

The Inference

TRON is seeming to have a tough time lately. However, TRON is promising to be convalescent of all the losses it has suffered so far. It is also an assurity from TRON’s end that the believers of TRON and the traders who wish to continue with it would be the ones to benefit the most.

The world’s largest cryptocurrency exchange, Binance (BNC) made an announcement regarding the launch of its digital currency lending platform later in this month.

 In an Official blog of Binance (BNC) published today the announcement was made regarding the new lending scheme. Chanpeng Zhao, CEO of Binance has wittingly said that the platform is

“letting users earn Crypto even in sleep”

Binance (BNC) is going to introduce a value added service for exchange that allows users that hold idle digital assets to earn interest. 

Putting it in a simple way if you have some digital currencies that are idle on Binance exchange platform then you could make some money by offering them or lending them to Binance for use. In return, you earn some interest.

The service will start on August 28, 2019. According to the announcement the users can earn interest on their Digital currencies every two weeks that is 14 days. Although the earning process is limited and service will be provided a first come first serve basis.

Some users who do not get a chance to lend their coins would have to be unsatisfied as the scheme has its own limits.

However, as it turns out the interest earned will be very minimal and large traders may not be interested in the scheme as they will have to face large troubles for small earnings. On the other hand, small users may be quite interested in the scheme.

Brave announced on Twitter that the new version of Brave Browser will enable users to tip Vimeo and Reddit using Brave’s native Basic Attention Token (BAT).

Reddit previously announced (before going live on the main Brave browser) that it will soon come up with native support for cryptocurrency-based tipping. These features were first developed in preview-only mode. The tipping function may have the look and feel of the Lightning powered-tip button on Twitter.

BasicAttentionToken @AttentionToken

Now you can tip your favorite creators on Vimeo & Reddit with BAT! Today’s @brave desktop browser update (0.68.131) adds those 2 platforms to the ones we already support: YouTube, Twitter, Twitch, & of course online publishers. #TipWithBrave Download here: https://brave.com/download/ 

After a successful trial on its testing browser Brave Nightly, the tipping feature was first introduced on Twitter. The Twitter tipping system was built into the ad-blocking browser, released for Windows, macOS, and Linux.

The online gratuity service should be available for Android and iOS in a few months. This service which modifies each tweet with a “tip” icon.

In an email interview, Brave’s chief executive and co-founder, Brendan Eich, said Tipping is important

“to connect users directly to their favorite creators,”

For the uninitiated, you can now instantly tip a website if you have BAT tokens loaded up in your wallet. Websites that are verified with Brave and get tipped are usually notified of donations within a few days. For sites that are unaware of Brave, any BAT donated to them are held in an account for them to claim whenever they reach a threshold of $10 USD

In order to tip, you need to make sure that your Brave wallet is already loaded up with some BAT tokens. A new Brave user can claim some tokens for free.

You can tip frugally or generously but the balance of your Brave Wallet does not update to reflect the tip immediately. To prevent fraud, the tips are handled and settled by Brave on the backend.

Brave is in the process of creating an impressive new ecosystem that allows users to contribute back to content creators. Website-tipping is a small glimpse of all that is possible with BAT while surfing the web using Brave.

Tipping is a significant expansion of the efforts of Brave to build a system that rewards good online content. If enough people sign up, it could boost Brave’s broader ambitions to build a BAT system for privacy-respecting online advertising.

Brave is also researching ways to convert BAT for use in gift cards or access to news stories behind a paywall. The company is also working on expanding the technology so other software companies can also plug into the BAT system.

Basic Attention Token price prediction: with the latest addition by the brave browser to incentivise content creators using the platform’s native basic attention token (BAT), the price of BAT token is expected to grow.

The United States Congresswoman Maxine Waters met some regulators to hold discussions in regard with Facebook’s launch of its very own cryptocurrency, “Libra”. The meeting was held in Switzerland ironically where Facebook’s Libra Association is headquartered.

After meeting with the regulators the United States Congresswoman Maxine Waters expressed a lot of concerns about allowing multinational social media giant Tech company to have their own privately controlled Global currency.

Here is what Congresswomen voters said on regard to this issue:

“I look forward to continuing our Congressional delegation, examining these issues, money laundering, and other matters within the Committee’s jurisdiction.”

The meeting was led by United States Congresswoman Maxine Waters and included six more members from the United States House of Representatives Financial Service Committee. Along with members from State Secretariat for International Financial Matters (SIF), The Federal Data Protection and Information Commissioner (FDPIC), The Financial Market Supervisory Authority (FINMA) as well as some of the Switzerland’s legislators and lawmakers were also involved in the discussions regarding the Facebook’s plan of launching its own cryptocurrency “Libra”.

Facebook is facing concerns and scrutiny from all over the world since its announcement of the launch of its own digital currency “Libra” that would be accepted and used globally. The lawmakers are having quite a lot of concerns for “Libra” and the problem cannot be seen to be going away so easily. Facebook’s ‘Libra” will have to face many more challenges in the coming days.