OKEx Native Token OKB and OKLink Stablecoin USDK Listed on Bitfinex 10742

OKEx, a world-leading cryptocurrency exchange, announced the listing of its native token, OKB, on another leading cryptocurrency exchange, Bitfinex. Bitfinex will also list USDK, which is a stablecoin co-developed by OKLink, a blockchain technology company, and Prime Trust, a registered Trust Company based in Nevada, US (Read more). The nine new trading pairs will officially open on Bitfinex from 10am, June 13, 2019 (UTC), including USDK/USD, BTC/USDK, ETH/USDK, USDT/USDK, EOS/USDK, OKB/USD, OKB/BTC, OKB/ETH and OKB/USDT.

Empowering OKEx’s ecosystem, OKB allows OKEx users to perform various tasks such as setting up an OKEx partner exchange, settling trading fees, and subscribing for new tokens on the token sale platform OK Jumpstart. With multiple use-cases, OKB has been capturing more market share over the months, according to the data revealed on CoinMarketCap.

OKB, the native token of OKEx, is currently operating in the Ethereum Network (ERC20). Later this year, it will be migrated to OKChain, the blockchain which OKEx has been developing. And now, it is at the final testing stage.

“We aim to foster a new economy with blockchain technology. To achieve de-intermedium and financial inclusion, we do not work as an isolated island. We believe the key to prompt the market growth requires teamwork, which is the reason for us joining forces with other leading industry players to spark new chemistry,” said Andy Cheung, Head of Operations of OKEx. “OKB being listed on Bitfinex is just the beginning, it marks the recognition of our native token and platform from our peers, and we will continue to explore further opportunities in all-kinds of collaboration with other industry players. We never rest on cultivating a fair and transparent trading market and welcome partners with similar mindset to work together.”

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, ADA 11481

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 11404

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.

Fujitsu Develops Digital Identity Technology to Evaluate Trustworthiness in Online Transactions 9917

Fujitsu

Fujitsu Laboratories Ltd. today announced that it has developed a digital identity exchange technology that makes it possible for individual users and service businesses involved in online transactions to confirm the identity of other parties in transactions.

The rapid advance of digitalization in recent years has been accompanied by a dramatic rise in the number of online transactions in which users cannot see one another face to face, making it difficult to judge the credibility of the other party and leading to heightened concerns around trust. With reports of fraud and instances of people falsifying personal credentials like work history and professional qualifications growing increasingly prevalent, ensuring the circulation of high-quality, reliable identification data poses an urgent challenge to users and businesses alike.

To address this, Fujitsu Laboratories has developed technology based on a Decentralized Identification (DID)(1) utilizing blockchain that analyzes the risk of falsification and the trustworthiness of the other party’s personal credentials when a user conducts a transaction online. The new technology achieves this through a mutual evaluation of the users when a transaction occurs, and by inferring the relationships between users based on past transaction data.

Fujitsu’s new digital identity exchange technology promises a future in which people can enjoy online services more safely, offering user-friendly features including graphics to visualize the relationships between users, as well as a unique “trust score” that make it easier to determine each user’s trustworthiness before starting a transaction.

BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, ADA and TRX 9715

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 10186

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.

Bitfinex to Complete Platform Upgrade on June 26 9926

bittt

On Wednesday June 26, both Bitfinex and Ethfinex will be offline for up to seven hours as we commence a platform upgrade designed to enhance the stability and scalability of the iFinex matching engine.

The platform upgrade will require taking all iFinex trading platforms offline for the duration of the maintenance period. This means that traders across both Bitfinex and Ethfinex will be unable to trade, view or access their wallets during the update.

We kindly ask all our traders to plan ahead accordingly and make the necessary account adjustments prior to the start of the platform upgrade.

What this means for traders

The June 26th update is designed specifically for us to be able to deliver a more sophisticated trading experience, further separating Bitfinex from the remainder of the digital asset trading space. This includes, amongst other things, laying the foundation for the launch of derivatives trading on Bitfinex.

Traders across both Bitfinex and Ethfinex will not be required to take any actions:

  • All funds will remain safe and unaffected throughout the platform upgrade, and will not be at risk at any point.
  • No orders will be executed during downtime. All open orders will be kept (regardless of price movements) and resume once the platform is back online.
  • Users will not be liquidated during downtime. However, traders should be aware that if the price moves significantly during this time, they are at risk of liquidation as and when the platform is reopened. In line with this, we kindly ask all traders to review their margin requirements and assess the risk of market movement on their open margin positions before entering the maintenance window.

Whilst the platform upgrade is set to take place on June 26th, this date is largely dependent on broader cryptocurrency market conditions and the chance exists that the upgrade will be postponed if market movements are deemed too volatile.

We appreciate that up to seven hours is a significant length of time in digital asset trading, but we ensure our active user base that we have taken every measure to make this upgrade as seamless as possible.

For more information on the day of the upgrade, please refer to the Bitfinex status page and Twitter account for official progress. We will let our users know 5 minutes before the platform re-opens. Trading will start 10 minutes after the platform is accessible again.