Bitcoin Price Watch; Here’s What’s On Tonight 113

We are closing in on the end of the European session on Wednesday and price is trading in and around the top of its 24-hour range. Oftentimes, we spent quite a bit of time looking at how action during the day brought things to stand as they currently do but, right now, we are going to jump straight into our analysis in an attempt to avoid missing out on any potential entries near term.

So, with this in mind, let’s get straight to it.

As ever, take a quick look at the chart below before we get started so as to get an idea where things stand. The chart is a one-minute candlestick chocolate has our primary range overlaid in green.

As the chart shows, the range that we are looking at for the session this evening comes in as defined by support the downside at 8150 and resistance to the upside at 8350.

We are going to stick with our standard breakout strategy for the time being, so we will shelf our intrarange strategy near term. If this changes going forward (or, in other words, if we get the sort of conditions that allow us to enter and exit intrarange trades in the bitcoin price overnight), we will alter our strategy slightly.

So, as an initial trade, we will look to enter long on a close above resistance towards an immediate upside target of 8600 flat. A stop loss on the trade somewhere in the region of 8275 works well from a risk management perspective.

Looking the other way, if we see price close below support, we will enter short towards a downside target of 8000 flat. Again we need a stop loss on the position and somewhere in the region of 8200 looks like it should do the trick.

Let’s see how things play out and we will revisit in the morning.

charts courtesy of Trading View

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Oracle Extends Database Leadership with Oracle Database 21c 6831

Oracle announced that Oracle Database 21c, the latest version of the world’s leading converged database, is available on Oracle Cloud, including the Always Free tier of Oracle Autonomous Database. Oracle Database 21c contains more than 200 new innovations, including immutable blockchain tables, In-Database JavaScript, native JSON binary data type, AutoML for in-database machine learning (ML), and persistent memory store, as well as enhancements for in-memory, graph processing performance, sharding, multitenant, and security. Unlike other vendors’ single-purpose databases in the cloud or on-premises, Oracle Database 21c provides support for multi-model, multi-workload, and multi-tenant requirements – all within a single, modern converged database engine. In addition, Oracle today announced the availability of Oracle APEX (Application Express) Application Development, a new low-code service for developing and deploying data-driven enterprise applications quickly and easily. The browser-based, low-code cloud service enables developers to create modern web apps for desktops and mobile devices using an intuitive graphical interface.

“Oracle Database 21c continues our strategy of delivering the world’s most powerful converged database engine,” said Andrew Mendelsohn, executive vice president, database server technologies, Oracle. “It provides leading JSON document processing performance. It provides breakthrough operational database performance with Intel® Optane™ Persistent Memory support. It provides industry-leading analytic database capabilities with new Self-Managing In-Memory Column Store, highest performance graph processing, and AutoML for simplest machine learning model development. It provides Immutable Blockchain Tables for tamperproof SQL tables. Competing vendors require separate JSON document, operational, analytic, graph, ML, and blockchain databases and services to support these capabilities. Oracle’s converged database approach makes developers far more productive when building new applications, and makes it easy to later evolve applications to meet new business requirements.”

What Analysts are Saying about Oracle Database

“With the launch of Database 21c, Oracle has elevated its flagship database to a new level of convergence with broad support for a wide variety of data types and workloads,” said Carl Olofson, Research Vice President, Data Management Software, IDC. “The 200 new built-in innovations, including immutable blockchain tables and AutoML for in-database machine learning, elevate Oracle Database 21c to a new level of functionality, eliminating the need for specialized, isolated cloud services and tools to do those jobs. Users can avoid the compounding of costs and operational complexity that comes with each additional cloud service that organizations ordinarily use. In this way, Oracle is effectively slicing away at this disjointed set of services with a simplified, more technically elegant, and integrated approach that is far better suited for the enterprise needs of 2021.”

“Oracle’s latest converged database—Database 21c—focuses on making life dramatically easier for both users and developers. It supports and integrates an expanded range of data models and workloads, and includes built-in machine learning to eliminate the need for separate tooling and services by enabling organizations to run inference directly on their database, right next to their data. This is a refreshing contrast for organizations that leverage the likes of AWS, which has more than a dozen different databases, each requiring customers to deal with different APIs, ETL approaches and data integration processes. Oracle Database 21c transcends the barriers of a multi, isolated, and intrinsically non-converged, database approach,” said Mark Peters, Principal Analyst & Practice Director, ESG.

What Customers are Saying about Oracle Database

Headquartered in London, Aon is a US$46B global professional services firm providing a broad range of risk, retirement and health solutions. “We’ve never been able to see all of our Oracle sales and marketing data in one, unified system. It’s a real milestone. Using Oracle Autonomous Data Warehouse and Oracle Analytics Cloud, we’ve seen performance boosted by 50X to 60X that makes response times to complex sales queries from 500 power users much faster and analytics costs are significantly lower than our on-premises business intelligence tools,” said Liesbeth Mulder, Global Reporting Lead, Aon.

Angelini Pharma is one of the largest pharmaceutical companies in Italy. “The Quinaryo XRing solution has been an important step ahead in our IoT strategy to experiment with a wearable device integrated with a data security tool based on a blockchain table solution,” said Pietro Berretoni, Digital & Innovation Head, Angelini Pharma. “With Oracle Blockchain Tables, the solution provides tamper-proof records that can easily integrate with other applications without requiring a complex new infrastructure. Oracle Database includes all the tools we know and new features like Oracle Blockchain Tables that we can leverage with XRing for sensible data collection.”

New Innovations in Oracle Database 21c

Oracle Database 21c is the database engine that powers Oracle database services in the cloud and on-premises, including Oracle Autonomous Database, Oracle Exadata Database Service, Oracle Exadata Database Cloud@Customer, and Oracle Exadata Database Machine. The latest release includes more than 200 new innovations, which extend database convergence to new use cases, optimize performance, and improve developer, analyst, and data scientist productivity. Key innovations include:

  • Immutable Blockchain Tables: Blockchain Tables bring the key security benefits of blockchain technology to enterprise applications. Part of Oracle’s Crypto-Secure Data Management, Blockchain Tables provide immutable insert-only tables whose rows are cryptographically chained together. By providing tamper detection and prevention capabilities directly in the Oracle Database, customers can protect against illicit changes by insiders or hackers impersonating administrators or users. Blockchain Tables are part of the converged database, accessed with standard SQL, and support full analytics and transactions – making it orders of magnitude easier to use, and more functional, than existing blockchain implementations. Blockchain Tables are a free feature in all Oracle Database editions.
  • Native JSON Data Type: Oracle has provided powerful SQL/JSON query and indexing support for many years. Database 21c adds a new JSON data type representation, enabling up to 10x faster scans and up to 4x faster update operations. Overall, these improvements make Oracle SQL/JSON 2x faster than MongoDB and AWS DocumentDB on the YCSB benchmark. As with previous releases, users can mix or join JSON and other data types; index any JSON element for fast OLTP; use declarative parallel SQL analytics across all formats; and run complex joins across multiple JSON documents and collections—all without any need for custom application code.
  • AutoML for In-Database Machine Learning: Automatically builds and compares machine-learning models at scale, and facilitates the use of machine learning by non-experts. A new AutoML user interface makes it easier for non-expert users to leverage in-database machine learning. Oracle also added new algorithms for anomaly detection, regression, and deep learning analysis to our extensive library of popular, in-database machine learning algorithms.
  • In-Database JavaScript: Enables developers to work efficiently in modern programming languages. The embedded Graal Multilingual Engine allows JavaScript data processing code to run inside the database – where the data resides – eliminating expensive network round-trips. In addition, users can easily execute SQL from within JavaScript code, and JavaScript data types are automatically mapped to Oracle Database data.
  • Persistent Memory Support: Stores database data and redo logs in local Persistent Memory (PMEM), which significantly improves the performance of IO-bound workloads. SQL runs directly on data stored in the direct-mapped Persistent Memory file system, eliminating the IO code path and the need for large buffer cache. In addition, new database algorithms prevent partial or inconsistent stores to Persistent Memory.
  • Higher Performance Graph Models: Allows modelling of data based on relationships, and enables exploration of connections and patterns in social networks, IoT, and more. Further improvements in memory optimization reduce the amount of memory required to analyze larger graphs, which enables existing applications to run faster with no changes. In addition, users can create or extend graph algorithms using Java syntax, which can execute as native algorithms since they are compiled with the same optimizations.
  • Database In-Memory Automation: Oracle supports both row and column formats in the same table to allow analytics and transactions to run simultaneously on the same table. Oracle Database 21c introduces a Self-Managing In-Memory Column Store that simplifies and improves efficiency by automatically managing the placement and removal of objects in the In-Memory Column Store, then tracks usage patterns and moves and evicts objects from the column store. In addition, columns are automatically compressed based on usage patterns. Oracle Database 21c also introduces new in-memory vector join algorithms to speed up complex queries.
  • Sharding AutomationNative Database Sharding delivers hyperscale performance and availability while enabling global enterprises to easily meet data sovereignty and data privacy regulations. Data shards share no hardware or software, and can reside on-premises or in the cloud. To simplify the design and use of sharding, Oracle Database 21c includes a Sharding Advisor Tool that assesses a database schema plus its workload characteristics and then provides a sharded database design optimized for performance, scalability, and availability. Backup and Recovery across shards is also automated.

IMVU Sets New Standard For Digital Currencies With VCOIN Launch 6832

IMVU, the world’s largest avatar social platform today launched VCOIN, a transferable digital currency that allows users to buy, gift, hold, earn and convert earnings to real money for the real world. Setting the standard for digital currencies in the metaverse, VCOIN unlocks the full potential of IMVU’s virtual economy adding a robust services economy to its already thriving digital goods economy. Built on the widely-adopted Ethereum blockchain, VCOIN is an ERC-20 token that can be exchanged both on the IMVU platform, and, for the first time, off the platform.

Available now for the IMVU desktop, mobile web, and web platforms, VCOIN is seamlessly integrated into the IMVU experience, enabling secure, global peer-to-peer transactions at the click of a button. IMVU’s high-velocity economy currently sees more than 27 million transactions and 13 billion Credits changing hands each month. With the addition of VCOIN, users can now easily and instantly pay for goods and services on the platform — no complicated crypto wallets, or even bank accounts required — and then convert their earned VCOIN into cash at an established rate.

“While most virtual platforms allow users to earn in-game credits, those credits cannot be converted into anything that holds value outside of that platform or game,” said John Burris, Chief Strategy Officer, IMVU. “VCOIN is a game-changer enabling comprehensive and dynamic virtual economies where users can easily convert their earnings into fiat or transfer them off platform.”

“The service economy is a huge part of the IMVU experience,” explains Daren Tsui, CEO of IMVU. “For example, if two users want to host an event, they may hire a room decorator, a photographer, a stylist, and more, to make their event happen. Historically, payment for those services was happening off-platform which adds a layer of friction and vulnerability to the transaction. With VCOIN, users can instantly pay for those services on the platform, and then easily convert those earnings to cash around the globe.”

VCOIN will be sold at 250 VCOIN for $1.00 or $0.004 per VCOIN. Users can purchase, transact and earn VCOIN on IMVU and easily transfer VCOIN off the platform to an open digital wallet, send to any ERC-20 wallet or convert it to fiat at the original purchase price less a transaction fee. Although KYC is not required to purchase and use VCOIN on IMVU’s platform, KYC is required for users who want to transfer their VCOIN off the platform and convert it to fiat.

“This model of creating a transferable cryptocurrency is unlike any in the marketplace,” said Nancy Beaton, VP Strategy, IMVU. “Preserving the ability to play, connect and conduct peer-to-peer transactions on the platform combined with the transferable nature of the token off the platform provides users with the features, security and control they want over their in-game earnings.”

IMVU received no-action relief from the Staff of the U.S. Securities and Exchange Commission (SEC). With the no-action letter, IMVU can sell VCOIN as a transferable non-security.

Fineqia International Provides Update on Market Activity 6446

At the request of IIROC, Fineqia International Inc. (the “Company” or “Fineqia”) (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.

Fineqia International outlines the Company’s corporate governance, culture, processes and relations by which the Company and its subsidiaries are controlled, directed and governed. Fineqia International oversees and ensures the overall success, planning and growth of the Company and all of its subsidiaries including those pertaining to the incorporation of blockchain technologies to achieve these objectives.

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company’s control that may cause actual results or performance to differ materially from those currently anticipated in such statements.

Dvision Network Integrates With Chainlink to Bring Fair Random Rewards Distribution & NFT Costing to Their VR Ecosystem 6542

Dvision Network have announced its integration with blockchain oracle solution Chainlink, bringing accurate NFT item costing and secure, provably-fair rewards to its VR Ecosystem. South Korean-based VR Content Ecosystem Dvision Network has announced an integration of its technology with market-leading blockchain oracle solution Chainlink. Chainlink’s Decentralized Price Feeds, will enable Dvision Network users to accurately estimate the cost of NFT item creation in its VR marketplace. Additionally, Chainlink’s Verifiable Random Function (VRF) will enable the secure, provably-fair random generation and distribution of on-chain rewards to its users.

What is Dvision Network?

Dvision Network is a pioneering new VR metaverse on the blockchain, which aspires to set the new standard of what is possible for the VR user experience. By utilizing the exponential potential of Blockchain and VR technologies, Dvision network will create an unprecedented and inclusive virtual ecosystem for businesses, designers, and regular users.

The South-Korean powerhouse aims to establish an efficient VR ecosystem with a new concept, addressing the arising issues in the VR industry. Dvision offers high-quality pieces of content in the VR-City, and a customization of the virtual space in the VR-Space and essentially expands the VR ecosystem via its VR-Market, introducing its unprecedented NFT ecosystem.

Blockchain Oracles and Smart Contracts: A Perfect Match?

Blockchain oracles are devices or programs that enable (on-chain) smart contacts to interact with off-chain data and systems outside their native blockchain. This relationship allows the smart contracts to execute on-chain functions based on real-world data and events such as web APIs, IoT networks, and blockchain data-centric networks.

This new ability to use external data in smart contract applications has been a massive breakthrough, greatly expanding the amount of use cases possible on blockchains. The only caveat with this optimal relationship is that the oracle is responsible for executing the smart contract and must have a level of security and reliability equal to the underlying blockchain.

Chainlink Decentralized Oracle

Chainlink’s decentralized blockchain oracle uses a unique flexible framework preventing any one point of failure whilst allowing users to receive data from external sources. The initial intergration with Division Network will leverage Chainlink’s hugely successful decentralized price feeds as the primary oracle solution in the NFT marketplace.

Chainlink Price Feeds will be used to calculate the exact gas fees incurred when creating NFTs, ensuring users have access to accurate, up-to-date data on the true costs of using the network. Chainlinks Price Feeds were selected exclusively for their best-in-class features, including:

  • High-Quality Data: Price data is sourced from premium off-chain data aggregators, leading to a volume-adjusted market-wide price aggregated from hundreds of exchanges as opposed to any one exchange.
  • Decentralized: Price Feeds are decentralized at both the data source and oracle level, providing highly available and manipulation resistant oracle services.
  • Secure Nodes: All oracle nodes are run by known and experienced blockchain DevOps, bringing users reliable services to users.

Dvision Networks Provably Fair Random Gaming Rewards

Dvision Network will integrate Chainlink VRF to power the distribution of chance-based rewards to users who accomplish certain tasks. Chainlink VRF is an on-chain random number generation (RNG) solution that the oracle nodes, external entities, or even Dvision developers can tamper with.

This shift represents a huge advancement in the space, enabling a provably fair and on-chain verifiable source of secure randomness that any user can independently audit. in-game items or NFT attributes can now be proven as both randomly determined and distributed, ensuring each user has a fair chance of receiving rewards.

Dvision Network CEO Jung Hyun Eom stated:

“By using Chainlink to access reliable price feeds and determine the distribution of random NFT rewards, Dvision users have assurances that the digital goods created by their gameplay will be based on provably fair systems, as well as be exchangeable on the open market for fair-market values and governed by economic models that are permanent and stable.”

Dvision and Chainlink: A Decentralized Vision

The core values supporting the Chainlink blockchain oracle perfectly align with the vision of Dvision Network, which aims to build a truly decentralized blockchain platform. Dvisions new integration with Chainlinks Verifiable Random Function and Decentralized Price Feeds are a game-changer for the VR industry, with a new found level of trust and security for not only the ecosystem, but the entire VR industry.

CPH Crypto Offers Total Trading Flexibility With New Mobile App for iOS and Android 6293

Just a couple of weeks ago CPH Crypto, a leading Scandinavian deep-discount crypto exchange, announced margin trading 10x on crypto spot as its latest service. The company is proud to announce that traders can now onboard as clients and conduct all trading activities via CPH Crypto’s new mobile Trader App now available as Android and iOS platforms. The new trader app enables clients to start trading after just a couple of minutes of registration and onboarding. The CPH Crypto Trader App allows users to trade all the most popular cryptocurrencies and pairs, swiftly deposit, transfer, and withdraw bitcoin and USD anytime.

CPH Crypto’s CEO, Jan Andersen describes the recent progress, stating:

“We have come a long way in only a few months since the launch of CPH Crypto webtrader in September. Margin trading on crypto spot was successfully launched just recently, and now our apps are ready. We know that this is extremely important for our clients because it offers them total trading flexibility. They can do everything on the smartphone and use the mobile trading apps like their usual desktop trading.”

Unlimited Trading For Just 39 USD/Month

According to CPH Crypto’s philosophy, traders should only have to focus on their strategy and not on the costs when they trade. That is why CPH Crypto goes against the trend of high trading fees on the crypto market and offers a deep-discount fixed fee of only 39 USD/month for unlimited trading. Or a commission of only 0.04 pct. per transaction for single trading.

CEO Jan Andersen explains:

“In the traditional stock and FX trading market competition has driven down fees to a low level over the last decade. The same needs to happen in the crypto space, but we want it to go faster, and that’s why we launched our discount concept in September.”

Dominant Trading Platforms Up to 13X More Expensive

Recent calculations clearly document that some of the biggest crypto trading platforms are as much as 13 times more expensive for active crypto traders to use than CPH Crypto.

To obtain a complete view of a particular broker’s or exchange’s trading fees, individuals need to take both commissions and spread into consideration. Traders tend to forget the impact of the spread on the total costs, even though the spread is often where the most significant part of the total fees is hidden, especially when trading on so-called commission-free brokers or exchanges.

Typically these brokers/exchanges tend to compensate for the lack of fee on commission by heavily increasing the spread – the difference between the bid price and the sales price – enabling them to earn their margin on the spread instead. On top of this, traders should not forget that high fees on money management – like deposits and withdrawal – is also added to the total costs.

Wize Pharma and Cosmos Capital enter into Bid Implementation Agreement 5735

Wize Pharma, Inc. (OTCQB: WIZP), a clinical-stage biopharmaceutical company focused on the treatment of ophthalmic disorders, and Cosmos Capital Limited, a leading digital infrastructure provider based in Sydney, Australia, today announced that they have entered into a bid implementation agreement (“BIA”), whereby Wize has agreed to make an off-market takeover offer to acquire all of the outstanding shares of Cosmos, subject to satisfaction of various closing conditions set forth in the BIA, resulting in Cosmos becoming a wholly-owned subsidiary of Wize.

“We are excited about the Wize Cosmos transaction,” stated Noam Danenberg, CEO of Wize. “The Cosmos team brings a proven track record, experienced management and logistics capabilities within the Bitcoin mining industry. Consistent with our focus on maximising value for our shareholders, this transaction provides a continuing interest in our LO2A biomed activity, through the creation of a contingent value right, while providing exposure to Cosmos’ Bitcoin mining operations.”

James Manning, CEO and founder of Cosmos, commented, “Through this transaction we are excited to be providing public markets access to our digital infrastructure business and have enjoyed working with the like-minded Wize team throughout this process. Becoming a part of a publicly traded company is central to our continued growth and will allow us to accelerate our expansion plans moving forward.”

Key Transaction Details

Under the terms of the BIA, Wize will commence an off-market takeover offer under applicable Australian laws to acquire all of the outstanding shares of Cosmos (the “Offer”) in exchange for (i) 38.78 shares of Wize common stock and (ii) 22.33 warrants (each to acquire one share of Wize common stock) (the “Milestone Warrants”) for each Cosmos share (subject to a minimum tender of at least 90% of Cosmos’ outstanding ordinary shares). Subject to certain exceptions, the Milestone Warrants will become fully exercisable into Wize common stock provided Cosmos warrant holders retain the Wize stock issued to them until December 31, 2021 (the “31 December Milestone”).

Upon completion of the transaction, and assuming all of the holders of Cosmos shares accept the Offer, Cosmos shareholders will own approximately 81.3% of the outstanding common stock of the combined company (87% if all of the Milestone Warrants become fully vested), while Wize existing shareholders will remain the owners of approximately 16.3% of the outstanding common stock of the combined company (11.1% if all of holders of the Milestone Warrants satisfy the 31 December Milestone and the Milestone Warrants become fully vested), each on a fully diluted basis and including warrants to be issued to Wize’s financial advisor to the transaction.

Following the targeted closing of the transaction in the first quarter of 2021, and based on Wize’s 60 day VWAP of US$0.143 on December 29, 2020 (and assuming that all the Milestone Warrants become fully vested), the combined company is expected to have a market capitalisation of approximately US$75.75 million.

Upon completion of the transaction, pre-closing Wize securityholders will receive one contingent value right (“CVR”) for each share of Wize held on the record date. Each CVR will entitle the holder to a pro rata share of any consideration that may be received in connection with Wize’s existing LO2A business, subject to transaction expenses and customary deductions as detailed in the CVR agreement.

Concurrently with the execution of the BIA, Wize entered into (i) a US$3.0 million Private Investment in Public Equity (“PIPE”) financing from various accredited investors, including Noam Danenberg, CEO of Wize, in exchange for 25 million shares of common stock of Wize at US$0.12 per share, which financing is expected to close simultaneously with and subject to the closing of the Cosmos transaction, and (ii) pre-bid acceptance agreements with several Cosmos shareholders holding 19.9% of the outstanding Cosmos shares who have agreed to accept the Offer.

Following completion of the transaction, it is expected that (i) the combined company will have approximately US$5 million in cash and cash equivalents, (ii) Cosmos will retain its experienced management team, with Cosmos’ CEO and founder James Manning assuming the role of CEO of the combined company, (iii) the Board of Directors of the combined company will consist of three members designated by Cosmos and one member designated by Wize, and (iv) the combined company will seek shareholder approval to be renamed Cosmos Capital, Inc. (or similar name), and to effect a reverse share split of the combined company’s common stock.