LTC, BSV, XRP, BNB and ATOM 9040

cryptocurrencies

For the past few days, cryptocurrencies have managed to hold onto a large part of their gains. This is a positive sign, as it shows that the bulls are not in a hurry to book profits. It is also comforting to see that the gains have come on the back of increasing volumes. Bitcoin’s (BTC) trading volume on Coinbase recently hit its highest level since Feb. 4 of last year, which shows that the price is rising higher backed by strong demand.

However, the positive sentiment supported by improving fundamentals has led to a number of analysts projecting a vertical rally in bitcoin, similar to the one seen in 2017. Some of the targets currently talked about are $25,000 and $40,000, both within a short span of time. While anything is possible in the crypto markets, we believe that these calls are a little more aggressive. The current rally is likely to face a number of bumps en route to new highs and will test the patience of the bulls. Therefore, we suggest traders wait for dips to buy instead of chasing the price higher.

ATOM/USD

Cosmos (ATOM) was the best performer among the top 20 major cryptocurrencies in the past seven days. The platform surged to second position on Github with 4,245 events in the past 30 days, ending June 4, which is a positive sign. What does the chart project?

ATOM/USD

Due to a short trading history, we shall use the daily chart for analysis. The ATOM/USD pair has been consolidating roughly between $5.660 and $6.603. Attempts to breakout of this range failed on June 3 and 4, which shows a lack of demand at higher levels. However, the dips to $5.660 were purchased on June 5 and 6, which shows buyers willing to get in at support.

Consolidation near the highs is a positive sign: it is usually followed by a breakout and continuation of the upward move.

A breakout and close (UTC time frame) above $6.603 will resume the uptrend that can carry the price to $7.905. If this level is crossed, the upwards move can extend to $8.794. Our bullish view will be invalidated if the pair plummets below the 20-week EMA, and the next lower support is at $4.8.

LTC/USD

Litecoin (LTC) is the second-best performer of the past seven days. The upcoming halvening is acting as a bullish factor that has kept the price close to its recent highs. Traders anticipate that reduced supply will result in higher prices. The litecoin hashrate has also been making new highs consistently, which is a positive sign. Can the price continue higher or has it hit a hurdle?

LTC/USD

The LTC/USD pair is facing selling at the resistance line of the ascending channel. However, the attempts by the bears to sink it have been unsuccessful. Buyers have been stepping in close to $100 and pushing the price right back up, which is a positive sign.

If the bulls push the price above the resistance line of the ascending channel, the pair will rally to $158.91. This is the target objective following the breakout from the cup and handle pattern. Above this, we anticipate a move to $184.7940, which is likely to act as a stiff resistance.

If, however, the cryptocurrency fails to break out of the channel, the bears will again try to sink it below the breakout level of $91. A breakdown of this and the support line of the channel will indicate a change in trend.

BSV/USD

This is the third successive week that bitcoin sv (BSV) has been among the top five performers. The surge in price following the news about Craig Wright’s filing for copyright claims on the bitcoin white paper has held up quite well. What is in store in the next few weeks? Can the uptrend resume or will it dump? Let us analyze the chart.

BSV/USD

The BSV/USD pair has formed an inside week candlestick pattern and is finding support close to a 38.2% Fibonacci retracement of the recent rally, while it is facing resistance near the high of $254. This points to a consolidation in the next few weeks, and a range formation after such a sharp move is a positive sign. After the boundaries of the range are defined, traders can buy closer to the support and sell near the resistance. Currently, we do not find any reliable pattern that offers a good risk to reward ratio.

The uptrend will weaken if the pair breaks down of $176.083 and drops to $152.015, which is a 50% retracement level of the recent upwards move. If this level also breaks, the trend will turn down. Conversely, a breakout and close (UTC time frame) above $254 will resume the uptrend and launch the cryptocurrency to $307.789 and above it to $340.248.

BNB/USD

The website for the Binance decentralized exchange (DEX) plans to block users in 29 countries from accessing the DEX. The exchange has also released its official Trust Wallet for the Binance DEX users, and also plans to issue its own stablecoin within the next two months, which will be 100% pegged to the British pound and will be called “Binance GBP.” Subsequently, the exchange plans to release stablecoins backed by other currencies, barring the U.S. dollar. In other Binance news, a former executive at Dell and the NBA will join Binance as theIR new official strategy officer. Backed by fundamental news, can binance coin (BNB) extend its upwards move or is the rally tiring out? Let’s analyze.

BNB/USD

In a strong uptrend, the pullbacks are shallow and the price quickly bounces off strong supports because traders jump in to buy on any dip. Backed by momentum, the price quickly rallies to make a new high. The BNB/USD pair has been making a series of new highs after breaking out of the previous high of $26.4732350 in mid-May, which confirms that the pair is in a new uptrend. The first target to watch is $40, followed by a rally to $46.1645899. If the momentum picks up, the upwards move can even extend to $56.0786952.

On the contrary, if the bulls struggle to propel the price above the resistance line, a few weeks of consolidation is possible. The trend will turn negative only after the higher highs and higher lows sequence is violated. Until then, the uptrend remains in force.

XRP/USD

Ripple, the company behind crypto asset XRP, has said that it will take a more conservative approach in reporting XRP sales this quarter. This is being done to allay the fears among institutions and consumers on fake reporting of trading volume in the crypto markets. Thailand’s largest commercial bank, Siam Commercial Bank, has denied that it plans to use Ripple’s XRP token, just days after a tweet that hinted the bank’s plans to do so. Also this week, hackers stole about $10 million worth of XRP from nearly 100 XRP ledger wallets on wallet service GateHub.

XRP/USD

The XRP/USD pair has formed a flag following the rise from the lows. A breakout of the flag will point to a resumption of the up move that can carry the price to $0.66413 and above it to $0.76440.

Conversely, a breakdown of the flag will be a negative sign, as it shows a lack of demand at higher levels. The pair has support at $0.37835 and below it at $0.355660. The 50-week SMA and 20-week EMA are also close to these horizontal supports. Therefore, we expect buyers to defend this zone, failing which, the trend will turn negative. The next couple of weeks are critical as it will set the direction for the next leg of the move.

The market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

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Facebook Official Responds to Maxine Waters on Cryptocurrency Project 6602

Facebook Libra

David Marcus, the head of Facebook’s new cryptocurrency project, Libra, assured Rep. Maxine Waters (D-Calif.) that the company is “taking the time to do this right” after a group of Democratic lawmakers, including Waters, called for Facebook to halt its plans.

In a letter to Waters and other top members of the House Financial Services Committee, Marcus defended Libra’s mission and vowed to answer policymakers’ “important questions,” according to a copy of the letter obtained by The Hill on Tuesday ahead of planned hearings on the issue.

“I want to give you my personal assurance that we are committed to taking the time to do this right,” Marcus wrote.

The letter, dated July 3, is addressed to the group of Democratic lawmakers who last week called for a moratorium on Facebook’s Libra project. The House Financial Services Committee members, including Democratic Reps. Carolyn Maloney (N.Y.), Wm. Lacy Clay (Mo.), Al Green (Texas) and Stephen Lynch (Mass.) as well as Waters, panned Facebook’s history of privacy scandals and the potential for its new cryptocurrency to attract hackers.

Their letter called for Facebook to “cease implementation plans until regulators and Congress have an opportunity to examine these issues and take action,” saying a failure to do so “risks a new Swiss-based financial system that is too big to fail.”

In response to the group of critics, Marcus wrote, “We understand that big ideas take time, that policymakers and others are raising important questions, and that we can’t do this alone.”

“We want, and need, governments, central banks, regulators, non-profits, and other stakeholders at the table and value all of the feedback we have received,” he wrote.

Capitol Hill has responded to Facebook’s new cryptocurrency project with widespread skepticism and sharp pushback as lawmakers have said they are wary of the embattled company with billions of users launching its own currency.

A coalition of consumer groups quickly backed the calls for a moratorium, claiming the U.S. regulatory system is not prepared to take on such an expansive cryptocurrency project.

Waters, the chairwoman of the House Financial Services Committee, has offered some of the most scathing feedback.

“With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” Waters said in the statement, hitting Facebook over its alleged violation of consumer protection laws and ongoing data privacy controversies.

In the letter, Marcus noted that the Libra Association — the Switzerland-based nonprofit that will operate the cryptocurrency — released its plans early in order to field questions and concerns from policymakers. Facebook says it will only be one member of the Libra Association, meaning the company will not retain singular control over the digital currency.

Libra is backed by dozens of powerful businesses, including Mastercard and Uber, and is slated to launch next year. Libra has branded itself as an effort to aid the “unbanked,” the estimated 1.7 billion people who do not have access to traditional banking.

BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, ADA 6911

Price

BTC/USD

Bitcoin (BTC) has rebounded off the 20-day EMA and the bulls are currently attempting to scale above the $12,000–$12,500 resistance zone. A breakout of this zone can retest the recent highs of $13,973.50. We anticipate stiff resistance at this level but if the momentum can break through it, short sellers will be forced to throw in the towel, which can propel the price to $16,249.42. Above this, a retest of the lifetime highs will be in the cards.

Both moving averages are sloping up and the RSI is in positive territory. This suggests that the bulls still hold the advantage in the short term.

BTC/USD

However, if bears defend the overhead resistance zone, the BTC/USD pair might again dip back to 20-day EMA. A break of this support can drag the price to the 50-day SMA. We anticipate this support to hold and it can act as a good entry point for the traders.

We suggest traders wait for the price to rebound off the supports before buying, because if 50-day SMA fails to hold, traders will be forced to liquidate their long positions. Nonetheless, with the bear market having ended, traders should view dips as a buying opportunity.

ETH/USD

Ether (ETH) has bounced back above the 20-day EMA, which is a positive sign. We like the way bulls have managed to keep the price above the 50-day SMA during this pullback. It shows that buyers are not waiting for a deeper correction to enter long positions.

ETH/USD

The bulls might face resistance at $320.840 and above it at $366. However, if the price breaks out and closes (UTC time frame) above $320.840, we suggest traders buy 40% of the desired position size. A stop loss for the trade can be kept at $270. Remaining positions can be added on a breakout above $366.

We are recommending long positions on a breakout above $320.840 because the ETH/USD pair will complete a rounding bottom pattern that has a target objective of $557.43. There is stiff resistance close to $500, hence, we will keep it as our initial target. Our bullish view will be invalidated if the pair reverses direction from the overhead resistance and slumps below $270.

XRP/USD

Ripple (XRP) has held the first support of $0.37835. However, the subsequent bounce off the support could not break out of 20-day EMA on July 6. This shows selling at higher levels. The moving averages have completed a bearish crossover and the RSI is in the negative zone. This suggests that bears have the upper hand.

XRP/USD

Currently, bulls are again attempting to push the price above the moving averages. If successful, the XRP/USD pair can move up to $0.45. However, if the bulls fail to propel the price above the moving averages, bears will try to sink the pair below $0.37835. If this support gives way, the next support is $0.35660. As the cryptocurrency has not participated in the recent recovery, we will wait for it to pick up momentum before suggesting a trade in it.

LTC/USD

Litecoin (LTC) has been trading in a tight range for the past three days. The bulls are attempting to keep the price above the 50-day SMA. If this support breaks down, the pullback can extend to $111.8994. This is a critical support, below which, the fall can extend to the support line of the ascending channel.

LTC/USD

Both the moving averages are flattening out and the RSI is just below 50, which suggests a consolidation in the short term. We will wait for the price to bounce strongly either from $111.8994 or from the support line of the channel before recommending a trade.

Contrary to our assumption, if the bulls ascend the moving averages, a rally to $140.3450 is likely. The LTC/USD pair will pick up momentum on a breakout and close above $146.

BCH/USD

Though Bitcoin cash (BCH) has traded below the 20-day EMA for the past seven days, bears have not been able to take advantage of the weakness and sink the price to the support line of the channel. This shows a lack of sellers at lower levels.

BCH/USD

We now expect bulls to attempt to push the price above the moving averages. If successful, a move to $448 and above it to $515 is possible. Hence, short-term traders can buy on a close (UTC time frame) above $423 and keep the stop loss at $375, which is below the recent lows. A breakdown below $375 will invalidate our bullish view, as it can result in a drop to $280.

EOS/USD

Though bulls have held the support at $5.550, they have failed to propel EOS above 20-day EMA and into the channel. If the cryptocurrency re-enters the channel, it will be a bullish sign. We might suggest long positions if the price sustains inside the channel for a couple of days. The bulls might face resistance at the downtrend line, but once it is scaled, it can move to $7.6435 and above it to $8.60.

EOS/USD

Conversely, if the price reverses direction from the current levels or from the 20-day EMA and breaks below $5.550, it can correct to $4.4930. With the 20-day EMA sloping down and RSI in the negative zone, the path of least resistance is to the downside.

BNB/USD

After staying below the 20-day EMA for the past seven days, Binance Coin (BNB) is attempting to rise above it. If bulls can sustain the price above $34.50, it is likely to move up to $40 once again. A breakout and close (UTC time frame) above $40 will resume the uptrend.

BNB/USD

Conversely, if bulls fail to sustain the price above $34.50, bears will again try to sink it to $28.7168. The zone between the uptrend line and $28.7168 is likely to offer strong support. Hence, we might suggest long positions closer to the uptrend line because the long-term trend remains bullish. Our positive view will be negated if the BNB/USD pair breaks down and sustains below the uptrend line. If that happens, the slide can extend to $18.

BSV/USD

Bitcoin SV (BSV) has been struggling to move above 20-day EMA for the past five days, which is a negative sign. It shows a lack of demand at higher levels. The 20-day EMA is sloping down marginally and the RSI is just below 50, which suggests rangе-bound action in the short term.

BSV/USD

The support of the range is at $172.910 while resistance is at $226 and above it at $255.620. After such a sharp move, a consolidation is a positive sign. If the consolidation resolves to the upside, the BSV/USD pair will pick up momentum and resume its uptrend. On the other hand, if bears sink the price below $172.910, a fall to $134.360 is possible. We are currently neutral on the pair.

TRX/USD

We have been waiting to buy Tron (TRX) close to the trendline of the ascending channel as it reduces the risk. However, on July 7, the bulls propelled the price higher, breaking out of both the moving averages. The price is facing a stiff resistance close to $0.036. If this level is scaled, the next level to watch on the upside is $0.040.

TRX/USD

However, if bulls fail to push the TRX/USD pair above $0.036, a fall to $0.030 is likely. If this support also cracks, the decline can extend to the support line of the channel. Both moving averages are flattening out and the RSI is close to the midpoint. This points to a consolidation in the near term. We do not find any buy setups at the current levels.

ADA/USD

Cardano (ADA) is range-bound between $0.073 and $0.10. The bulls have held the first support at $0.077 and are attempting a pullback. If the price breaks out of the moving averages, it can move up to $0.10, which is a critical resistance. The cryptocurrency will pick up momentum on a breakout and close above $0.10.

ADA/USD

On the other hand, if the ADA/USD pair turns down from the 20-day EMA, bears will again try to break below the $0.077–$0.073 support zone. If this zone cracks, the next support on the downside is at $0.060. However, if the support zone holds, the bulls will attempt to scale above the moving averages. We will watch the next dip towards $0.077 and then suggest long positions.

Market data is provided by the HitBTC exchange.

CoinAll has listed Zeux: The World’s First Crypto Mobile Payment and Investment App 7120

CoinAll

The emerging crypto exchange CoinAll has announced to list Zeux, the first mobile crypto payment and investment service provider all around the world. Zeux is a UK-based, FCA authorized financial institution that operates under 4 different regulatory licenses for payments and investments. It has revolutionized the payment industry by providing the next-generation comprehensive solution to combine payments, custody and investments into one.

With strong partners including Coinbase, IOTA, BitcoinSV, VeChain, QTUM, NEO, Ontology, and NEM, Zeux is disrupting the payment and investment industry by charging zero fees on crypto payment, zero fees on account opening or monthly subscription, while offers 6% deposit interest rate for your cryptos in Zeux. Meanwhile, it also enables users with a unique, safe and secure solution to pay with crypto in all stores that accept Apple Pay or Samsung Pay – and in just one click.

Zeux is launching its crypto investment features worldwide this Friday, covering all the countries across the globe, while the full features have been live in the UK since early this year. Zeux is currently available on App Store and Google Play Store.

The ZeuxCoin (ZUC) is the essential liquidity currency underpinning the Zeux ecosystem.

For a Zeuxcoin holder, you will be eligible for:
– Up to 1.5% cashback on all your crypto spending in-store and online in the cryptocurrency you used to pay via Zeux;
– Up to 80% discount in all Zeux fees including investment fees and withdrawal fees; (There is no other fee in Zeux)
– Access to unlimited one click account opening for third party products offered within the Zeux platform;
– Receive higher referral rewards when referring friends.

CoinAll, a strategic partner of the world-class exchange OKEx, is a leading digital asset exchange in the industry. Sharing the advanced security system, 24-hour global customer support, as well as a 20-million user base of OKEx, CoinAll is dedicated to offering the most premium digital asset trading experience to all users.

BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, ADA and TRX 7224

BTC

BTC/USD

Bitcoin reversed direction from $13,973.50 on June 26 and plunged to a low of $10,530.70 on June 27. That is a 24.63% fall within a day. The reason for such a sharp fall is that a vertical rally does not form any support levels en route. Hence, when the price starts falling, buyers do not step in until they spot a level that can act as a support. In this instance, buyers came in close to the 50% retracement of the latest leg of the rally. The 20-day EMA is located just below this level.

BTC/USD

In a strong uptrend, the corrections usually last anywhere between one to three days. Currently, the bulls are attempting to resume the uptrend. They might face some resistance at $12,000 and above it at $13,000 but the real test will be at $13,973.50. If the BTC/USD pair breaks out of this resistance, the momentum will continue.

On the other hand, if the bears defend the overhead resistance, the pair might enter into a consolidation for a few days. On the downside, below $10,530.70, the next support is at $9,977.33, which is 61.8% Fibonacci retracement of the latest leg of the rally. If this support cracks, the digital currency will weaken and can drop to the 50-day SMA.

ETH/USD

Though Ether (ETH) had closed (UTC time frame) above $320.840 on June 26 and had completed a rounding bottom pattern, we had suggested traders to wait before buying. We wanted to recommend a trade on a successful retest of the breakout level.

ETH/USD

However, the fall on June 27 dragged the price back towards the 20-day EMA, which held. Currently, the bulls are trying to propel the ETH/USD pair back above $320.840. If successful, it will be a positive sign. Both the moving averages are sloping up and the RSI is in the positive zone, which shows that bulls are in command. Therefore, traders can buy 50% of the desired allocation on a breakout and close above $320.840. The stop loss for this trade can be kept at $278.

However, if the bulls fail to scale the overhead resistance, the bears will try to sink the price below the 20-day EMA. The next support on the downside is at the 50-day SMA and below it $224.086.

XRP/USD

Ripple (XRP) plummeted on June 27 and triggered our stop loss suggested in the previousanalysis. It is currently trying to find support at the trendline of the symmetrical triangle. If this support holds, the bulls will again try to propel it above the resistance line of the triangle.

However, if the XRP/USD pair breaks down of the triangle, it will turn negative.  Currently, the 20-day EMA has started to turn down and the RSI has dipped below 50. This suggests that the bears have the advantage in the near term. A drop below $0.35660 will turn the trend in favor of bears.

XRP/USD

BCH/USD

Bitcoin cash (BCH) plunged on June 27 and broke below both the moving averages. Currently, the bulls are attempting to push it back above the 20-day EMA. If the price rises above the 20-day EMA, it can move up to $515.35. On the upside, the zone between $515.45 and the resistance line of the channel will act as a strong barrier.

BCH/USD

Conversely, if the bears sink the BCH/USD pair back below the 50-day SMA, it can correct to the support line of the channel. A breakdown of this support will indicate a change in trend. The 20-day EMA is flattening out and the RSI is just above 50, which suggests a balance between bulls and bears. We will wait for a buy setup to form before recommending a long position in it.

LTC/USD

Litecoin (LTC) dropped below the 20-day EMA on June 26 and triggered our recommended stop loss mentioned in the previous analysis. It is currently attempting to bounce off the 50-day SMA.

LTC/USD

If successful, the LTC/USD pair will again try to move up to the resistance line of the ascending channel. On the other hand, if the bears sink the pair below the 50-day SMA, it can slide to the support line of the channel. A breakdown of this support will signal a change in trend. The 20-day EMA is turning down and the RSI has dipped below the midpoint. This suggests that the bears have the upper hand in the short term. Currently, we are neutral on the cryptocurrency.

EOS/USD

EOS dropped below the moving averages on June 26 and broke below the support line of the ascending channel the next day. In doing so, it triggered our suggested stop loss at $6.40. Currently, the bulls are trying to push the price back into the channel. If successful, the digital currency might move up to the moving averages.

EOS/USD

But if the bulls fail, the EOS/USD pair might turn down and plunge to the next support at $4.4930. The 20-day EMA is turning down and is on the verge of completing a bearish crossover, which is a negative sign. The RSI has also dipped into the negative zone. All these show that the bears have the upper hand. We do not find any reliable buy setup hence, we are not recommending a trade in it.

BNB/USD

Binance Coin (BNB) has been one of the strongest major cryptocurrencies. Even while other major cryptocurrencies plunged, it has held close to its 20-day EMA. This shows that the sentiment is to buy it on every dip.

BNB/USD

Currently, the bulls are trying to defend the 20-day EMA. If successful, a rally back towards the lifetime highs is likely. A new high will indicate resumption of the uptrend.

Conversely, if the BNB/USD pair plummets below the 20-day EMA, it can correct to the 50-day SMA. A breakdown below the 50-day SMA will be the first indication that the trend might change. The negative divergence on the RSI is a warning sign that should be watched closely.

BSV/USD

Bitcoin SV (BSV) reversed direction from just above $240 on June 26 and broke below the 20-day EMA. Currently, the bulls are attempting to bounce off the support at $180.

BSV/USD

The 20-day EMA has flattened out and the RSI has dipped back to just above the midpoint. This points to a probable range-bound action between $175 and $255.620 in the short term. A breakout of the range will resume the uptrend that has a target objective of $307.789 and above it $340.248. If the bears sink the BSV/USD pair below the support of the range, a drop to the 50-day SMA is possible.

ADA/USD

Though Cardano (ADA) broke out of $0.10 on June 26, it did not close (UTC time frame) above the resistance. Hence, it did not trigger our buy recommendation given in the previous analysis.

ADA/USD

The failure to break out of $0.10 attracted selling that dragged the price down to the 50-day SMA. The bulls are attempting to hold this level. If successful, the ADA/USD pair might move back into the ascending triangle. It will pick up momentum on a breakout and close (UTC time frame) above $0.10. However, if the price fails to climb back up, the pair might correct to the next support of $0.077 and below it to $0.073.

TRX/USD

Tron (TRX) turned down sharply from $0.040 on June 26. The pullback plunged below the 20-day EMA on June 27. It is currently attempting to bounce off the 50-day SMA. The 20-day SMA is flattening out and the RSI has dipped below 50, which suggests consolidation in the near term.

TRX/USD

If the TRX/USD pair breaks below the 50-day SMA, it can drop to the uptrend line. A breakdown of this will indicate a change in trend. On the upside, $0.040 will continue to act as a stiff resistance. A breakout and close above $0.040 will indicate the resumption of the up move. We do not find any reliable trade setups at current levels, hence, we are not suggesting a long position in it.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

6 ARRESTED IN THE UK AND NETHERLANDS IN €24 MILLION CRYPTOCURRENCY THEFT 8121

Today, the UK’s South West Regional Cyber Crime Unit (SW RCCU) in a joint operation with the Dutch police (Politie), Europol, Eurojust and the UK’s National Crime Agency (NCA) has arrested 6 individuals after a 14-month long investigation into a €24 million cryptocurrency theft.

The five men and one woman were arrested in simultaneous warrants this morning at their homes in Charlcombe, Lower Weston and Staverton (UK) and Amsterdam and Rotterdam (the Netherlands).

The theft, which targeted users’ Bitcoin tokens, is believed to have affected at least 4 000 victims in 12 countries, with the numbers continuing to grow.

The investigation relates to typosquatting, where a well-known online cryptocurrency exchange was ‘spoofed’ – or recreated to imitate the genuine site – to gain access to victims’ Bitcoin wallets, stealing their funds and login details.

This case was referred to the European Cybercrime Centre (EC3) and the Joint Cybercrime Action Taskforce (J-CAT) hosted at Europol after the British authorities identified possible suspects living in the Netherlands. Operational support delivered by EC3 since February 2018 allowed the J-CAT to coordinate the international cooperation between the different EU Member States involved.

In addition, operational meetings were organised at Europol’s headquarters between the British and Dutch authorities, allowing for the smooth exchange of intelligence and evidence which led to these successful arrests. A coordination meeting was also held at Eurojust to prepare for the action day.

The eToroX Libra Implementation 8458

Facebook’s announcement this week about its cryptocurrency Libra has far-reaching potential. eToroX’s Labs Blockchain Science team, comprising Chief Blockchain Scientist Dr. Omri Ross, Peter Emil Jensen, and Johannes Rude Jensen, was quick off the mark to investigate how our eToro tokenized assets (and the technology behind them) would work on Libra’s initial prototype, and how well it suited our specifications.

By exploring Libra’s capabilities, and using Move IR (the intermediary representative layer of what will eventually be the final programming language), they successfully managed to implement an initial version of eToro tokenized assets on the Libra Network.

Using a previous incarnation of an implementation that targeted Ethereum as a basis, the team wrote and executed a basic implementation for creating digital asset infrastructure (tokenization capabilities) on Libra.

Our Top Two Takeaways

1. In Move, resources (data structure types) cannot be moved or copied — an extremely constructive and beneficial capability, especially for digital assets, since it prevents accidental duplication and loss.

2. Contrary to other blockchain languages, Move does not allow publishing data on behalf of other users. Because of this, it requires users to acknowledge this beforehand, thereby giving users full control of which data is associated with them.

Read the full report of eToroX’s Libra Implementation on Github.