Thursday, December 3, 2020

Up or down? Waves (WAVES) price prediction for December

Up or down? Waves (WAVES) price prediction for December
Up or down? Waves (WAVES) price prediction for December

All major cryptocurrencies are advancing this trading week, and this situation also supports the price of Waves (WAVES). Bitcoin has stabilized above the $19000 support level, indicating that the price could reach the $20000 resistance level this December.

Fundamental analysis: There is still a level of uncertainty surrounding this project

Waves is an all-encompassing gateway blockchain platform that was launched in 2016 by Ukrainian-born scientist Alexander Ivanov. This platform offers a developer-friendly infrastructure as a testing ground for innovation, which enables you to create a dApp — an application that is stored and executed on the blockchain network.

Waves’ native token is WAVES, and this is one of the cryptocurrency industry’s earliest initial coin offerings (ICO). Waves platform has 103 million tokens available in total supply that are tradable on many exchanges.

Waves has lots of advantages for business clients who want to create new services, and this blockchain platform is safe because it has more than 300 nodes all over the world. It is also important to say that Waves allows you to trade any pair of tokens without conducting a transaction through an intermediate currency, and it takes a few milliseconds to approve the transaction.

With this platform, clients can create custom crypto tokens and applications without extensive smart contract programming. Anyone can join the Waves network, and this is one of the cryptocurrencies you should not ignore.

There is still a level of uncertainty surrounding this project, and if you decide to buy Waves (WAVES) I recommend you always to use a “stop-loss” order.

In a recent interview, Waves CEO Alexander Ivanov said that Decentralized finance’s (DeFi) surging popularity might hurt the cryptocurrency market. “DeFi is the future, but it’s going to be coming through a bubble part of the cycle now, which can harm its long-term development,” said Ivanov.

Technical analysis: Waves continues to trade in a”bull” market

This crypto has advanced from $2.10 above $8 in less than two months, and the current price stands around $7.30.

Data source: tradingview.com

On this chart, I marked significant resistance and support levels. The critical support levels are $7 and $6; $ 8 and $9 represent the resistance levels.

If the price jumps again above the $8 resistance, it would be a signal to buy Waves (WAVES), and the next target could be around $8.5. On the other side, if the price falls below $6 support, it would be a firm “sell” signal, and we have the open way to $5.

Summary

All major cryptocurrencies are advancing this trading week, and this situation also supports the price of Waves (WAVES). Waves is one of the cryptocurrencies you should not ignore, but there is still a level of uncertainty surrounding this project. Traders should always use “stop-loss” and “take profit” orders when they open their positions because the price of this coin could move very quickly. If the price jumps again above the $8 resistance, it would be a signal to buy Waves (WAVES), but if the price falls below $6 support, it would be a firm “sell” signal.

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Italian musician uses IOTA’s Tangle to certify music authenticity

Italian musician uses IOTA’s Tangle to certify music authenticity
IOTA Foundation ditches Qubic

Blockchain technology’s development is progressing at a rapid pace, and new use cases are constantly being discovered for it. Many of the use cases that used to be only theoretical, are now available and used in practice for all kinds of purposes.

One example is an Italian musician who used IOTA (MIOTA) to certify the authenticity of her music and protect her work.

How does it work?

The story of an Italian musician who used blockchain technology to ensure that her music will forever remain in her ownership recently emerged on Reddit. The user, going under the name of “Beginning Alps,” wrote on the platform about her idea to use IOTA to protect her work.

The Redditor went into detail regarding the process, explaining that it is actually very simple. All that people need to do is create a website that describes their product. After that, they can also post photos of the product, with a unique identification number.

After that, the photo is uploaded to IPFS (InterPlanetary File System) server, which is a protocol used for storing and sharing data in distributed file systems, across P2P networks. The system can identify each file contained within through content addressing. At the same time, it can connect all devices that exist on the network, and grant them access to the content.

The Redditor explains that users can create a message in addition to the photo, and that the message will act as the originality certificate for the product. Users also have to add links to the site and the photo they uploaded. After that, all that remains is for them to create an IOTA transaction, and insert the links to the photo in the project’s IOTA Explorer.

This is a very interesting use of IOTA and its Tangle, both of which have been praised by various industry insiders across the world.

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Crypto News Cast For December 3rd 2020 ?


Crypto News Cast 📮 3-12-2020

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $576 B
📊24h Mcap %:        4.56%
⚠️Bitcoin Dom:        62.30%
📌Active Coins:       4,774
📍24h Vol %:           -48.68%
💲24h Vol:                $152 B

Crypto News Updates :

  • Pompliano Convinces Kevin O'Leary To Buy More Bitcoin
  • IOTA Releases Alpha Version of New Wallet, Firefly, With Improved Security
  • PayPal CEO Believes Its Time For Crypto To Go Mainstream
  • NYDIG Raises $150 Million Through Two Crypto Investments Funds
  • Ukraine Cryptocurrency Regulation Receives A Successful Hearing
  • Visa To Integrate USDC On Certain Credit Cards
  • MyAnimeList, Major Anime Platform Integrates Crypto
  • VeChain Partners With Knowseafood, U.S. Seafood Import Firm To Improve Supply Chain
  • Addresses Holding One Or More Ethereum Hits All time High Of 1,174,377
  • S&P Dow Jones Indices Will Launch Crypto Indexes In 2021


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- Pompliano Convinces Kevin O'Leary To Buy More Bitcoin
On Anthony Pompliano’s podcast, Kevin O’Leary Canadian Businessman who appears on the reality TV show Shark Tank, said that he would acquire more BTC to add to his BTC holdings. Even though he still has some reservations about the volatility, he believes that the world needs the digital asset. He also said that digital asset regulations would make him invest even more into Bitcoin. His comments on the podcast shows a growing acceptance for digital assets. Read Full on cointelegraph.

- IOTA Releases Alpha Version of New Wallet, Firefly, With Improved Security
IOTA releases Alpha version of new wallet, Firefly to replace Trinity. Firefly represents the upgrade and changes the IOTA foundation is bringing to its community. The target of the developers is to improve the overall experience of the users. This wallet will serve the long term vision of IOTA. The upgrade also will bring improved security which is a core part of firefly. The wallet will also be portable. Read Full on BTCMANAGER.

- PayPal CEO Believes Its Time For Crypto To Go Mainstream
During a major Web Summit event on Wednesday, PayPal CEO Dan Schulman said he is optimistic on all kinds of digital currencies and believes that cryptocurrency's "time is now." He believes crypto will soon enter the mainstream and becoming an everyday payments tool. Schulman suggested that the COVID-19 pandemic has acted as a catalyst for digital currencies and cashless payments, saying the timeframe for these trends has moved forward from three to five years, to five to six months. Read Full on coindesk.

- NYDIG Raises $150 Million Through Two Crypto Investments Funds
According to United States Securities and Exchange Commission; New York Digital Investment Group (a subsidiary of Stone Ridge, a $10 billion asset management giant) has raised $150 million through two separate cryptocurrency investment funds. Reports show that one of the funds came from two anonymous investors into Bitcoin and the other larger one ($100 million) came from one investor. This shows the growing Interest of institutional investors in Bitcoin. Read Full on cointelegraph.

- Ukraine Cryptocurrency Regulation Receives A Successful Hearing
Ukraine cryptocurrency regulation, the Draft Bill on Virtual Assets had a first successful hearing at the Nation’s Parliament, the Verkhovna Rada. With two more hearings to go for the bill to become a law, Ukraine will join a list of countries with laws regulating crypto. The bill received 229 supportive votes out of 340. Digital assets would be regulated by Ukraine’s Ministry of the Digital Transformation And crypto service providers must register to function. Read Full on CoinDesk.

- Visa To Integrate USDC On Certain Credit Cards
Circle would be working with Visa to integrate USDC software into some Visa credit card issuers in order to send and receive USDC (a stablecoin). Visa will not be custody USDC, however it will support giving credit cards to ease sending and receiving USDC for busineses. Josh Hawkins, circle spokesperson confirmed that the launch is targeted towards 2021. Users will be able to spend USDC at Vendors who accepts Visa cards. Read Full on CoinDesk.

- MyAnimeList, Major Anime Platform Integrates Crypto
MyAnimeList, an active online community for anime and manga with about 10 million North American users, integrates cryptocurrency payments. Digital Entertainment Asset (DEA), a blockchain platform partners with MyAnimeList parent company Media Do, to ensure DEAPcoins (DEA’s coins) circulated on the MyAnimeList platform. The deal also included Japanese intellectual property from Media Do’s network which will reward users with DEAPcoins. Read Full on cointelegraph.

- VeChain Partners With Knowseafood, U.S. Seafood Import Firm To Improve Supply Chain
Vechain’s distributed ledger technology has attracted partnership with Knowseafood, United States seafood Import Firm to help improve the seafood’s supply chain. Knowseafood will use Vechain’s toolchain the StoryBird to improve traceability and transparency of its supply chain. This will also improve distribution of seafood to meet daily consumption. Application of this ToolChain will boost the confidence of consumers in the seafood products. Read Full on BTCMANAGER.

- Addresses Holding One Or More Ethereum Hits All time High Of 1,174,377
Onchain data from Glassnode showed that Ethereum addresses with 1 or more Ethereum reached an all time high of 1,174,377, with ETH 2.0 staking in progress and DeFi gaining more growth and popularity. Ethereum just began the journey towards upgrading to ETH2.0. Some exchanges like Binance, Coinbase are supporting the process due to the future prospects. Many crypto investors are looking towards owning at least one Ethereum. Read Full on Ethereum World News.

- S&P Dow Jones Indices Will Launch Crypto Indexes In 2021
S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, said on Thursday that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class. The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said. The move by one of the world’s most well-known index providers could help cryptocurrencies become more mainstream investments. Read Full on reuters.

Visa partners to launch USDC payments

Visa partners to launch USDC payments
Image for Visa earnings report

A major card payment service Visa announced its partnership with CENTER to offer USDC linked payments. The company wants to link its payment network of 60 million merchants worldwide to the USDT stablecoin.

The stablecoin was developed by Visa’s partnering company Center, a consortium launched by Coinbase and Circle. The move, according to analysts, could significantly reduce the entry barrier for the use of stablecoin.

The USDT can be easily stored in unhosted wallets and is issued on the public Ethereum blockchain.

Users can send and receive USDC payments after launch

The report reveals that Visa will soon issue credit cards that allow users to use their credit cards to send and receive USDC payments directly. However, the firm noted that it will be possible only Circle completes Visa’s Fast Track program next year.

Visa’s head of crypto Cuy Sheffield has commented on the development on Twitter. He said when the card is incorporated, it will be the first to enable transactions through USDC balance.

 “This will be the first, corporate card that will allow businesses to be able to spend a balance of USDC,” he stated.

The partnership allows card issuers to integrate the USDC software

Although Visa will not be a custodian of any USDC, the agreement means Circle will partner with Visa to enable credit card issuers to incorporate the USDC software into their platforms.

Circle spokesperson Josh Hawkins also commented on the development via email, saying both firms are looking at a possible launch by next year.

The firms will be developing a corporate card that would enable the cardholders to spend USDT at merchants and vendors that have the Visa logo. According to the announcement, all vendors who accept Visa cards will also accept the USDC transactions once the project is launched next year.

One of the rules of the card payment company in the United States is that cards should be issued by banks, which means Circle will have to partner with banks to launch the product. However, the rules in other countries allow non-banks to issue Visa cards. Hawkings did not disclose any further details about the arrangement.

Already, over 20 wallet providers have signed up for the Fast Track plan of the card provider, which has set the stage for the car provider’s USDC project.

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Waves calls upon blockchain developers to apply for grants

Waves calls upon blockchain developers to apply for grants
Waves grant applications

The Waves Association, a non-profit organization dedicated to the mass adoption of Web 3.0, has invited developers to apply for the first batch of grants under the Waves Grant program. The organization made this invitation on December 1 through a blog post. Reportedly, the program will let developers propose solutions to be integrated into the Waves ecosystem as well as bid for a total of 250,000 WAVES.

According to the blog post, the association will issue grants in the Web 3.0 Development Grant category, which seeks to incentivize developers to build products on the Waves protocol. In so doing, the non-profit hopes to address specific problems and encourage the mass adoption of blockchain-based solutions, with a key focus on inter-chain communications.

The publication went on to note that the Waves Association would accept grant applications starting December 1 up to February 1. The association promised to process all the requests promptly, adding that if its members deem an application valuable, it would issue the developer behind it a grant before the application deadline. Allegedly, the non-profit will determine the specific amount of each grant on a case-by-case basis, with the maximum amount of funds in a grant being 100,000 WAVES.

More application calls are yet to come

Per the organization, this is just the first batch of grants. Therefore, there will be more application calls in the same category at a later date. Through the next batches of grants, the association seeks to distribute grants totalling 1 million WAVES between 2020 and 2021. All grant decisions will be made via DAO, a community-powered tool that allows Waves Association members to announce grants and select eligible recipients.

The Waves Association went on to note that it encourages developers to propose solutions under the Web 3.0 Development Grants category. While the program appeals to developers to come up with solutions for specific use cases, it also welcomes ideas related to other aspects of blockchain technology. To check how their applications have turned out, developers will have to visit the Waves Association’s website.

This news comes after the Waves Association rolled out the Waves Grant program in October this year, targeting individuals blockchain developers, teams, and startups that can implement ideas that serve the interests of the Waves ecosystem.

At the program’s launch, Sasha Ivanov, president of the Waves Association subtly criticized some of the interoperability solutions in the market, saying,

“Waves Association aims to support independent developers working on interoperability solutions — especially those thinking outside the box. Solving interoperability by adding a dedicated blockchain and native token as an additional layer would only lead to more complexity, undercutting the potential of the proposed solution.”

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Ukraine’s draft bill on crypto passes the first parliamentary hearing

Ukraine’s draft bill on crypto passes the first parliamentary hearing
Ukraine draft bill on crypto

Ukraine’s efforts toward crypto regulation have seen its draft bill on crypto have a successful first hearing in the Verkhovna Rada, the nation’s parliament. A report unveiled this news on December 2, noting that the country’s lawmakers discussed and greenlighted the idea. Per the publication, the draft bill on virtual assets now has two more hearings before it becomes a law. If this happens, the country will join the short list of countries that have already implemented crypto regulations.

According to the report, the bill’s approval during the parliamentary hearing was not a smooth process. Some legislators lamented spending time on formulating virtual asset laws, whereas there are more important issues affecting the Ukrainian economy. Nonetheless, the bill received 229 yes votes out of 340, passing the first stage of the legislative process.

Reportedly, the bill defines cryptocurrencies as a set of data in electronic form. Per the bill, cryptocurrencies can be an independent object of civil transactions. Also, the bill details that virtual assets can certify property or non-property rights. However, the bill suggests that all digital assets should not be used as legal tender in Ukraine. The draft went on to focus on digital assets backed by goods or services, recommending that they have to be removed from the market once their backing stops existing.

Rules on crypto regulation

The draft defines the owner of virtual currencies as the entity holding them unless when stored by a custodian, forfeited by a court decision, or acquired illegally.

Ukraine’s Ministry of the Digital Transformation would be responsible for regulating cryptocurrencies if the bill passes into law. Under the proposed regulations, crypto service providers must register with the authority before launching operations in the country. Additionally, the firms must provide information regarding the ownership structure and beneficiaries. On top of this, they must ensure they don’t facilitate money laundering and that they protect user data diligently.

According to the Ministry of the Digital Transformation, deploying a clear regulatory framework would foster the growth of crypto businesses in Ukraine. The ministry drafted the bill alongside the country’s crypto community, although some of the members are opposed to the idea of crypto regulation.

Despite attempting to make positive changes regarding crypto regulation, Ukraine is still disadvantaged when it comes to global trading platforms. For instance, Bittrex, a renowned crypto exchange stopped offering its services to Ukrainians in September. While the exchange did not give any specific reasons for halting its services, it claimed that the regulatory environment in the country at the time was not suitable.

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