is a blockchain tech-based digital currency, backed by the US social
media giant, Facebook. The company has already revealed its plan for
Libra cryptocurrency in June and it is set to launch soon in 2020.
have been suggesting that this new cryptocurrency might make its
first appearance in the market by partnering with the pioneer digital
payments firm. This has made other companies, especially PayPal,
cautious about the future of Libra.
the company is said to be backed by the basket of currency assets and
US Treasury securities in an attempt to avoid volatility caused by
the other virtual currencies in the market. Still, things not seem to
be perfectly fine for the Libra, as central banks, governments, and
regulators all are coming together and asking Facebook what are their
plans on making it regulated.
Rabinovitch, PayPal investor relations vice president showing his
concern said, “It’s a non-binding commitment,” referring to
the plans of Facebook on how they will oversee the blockchain coins.
continued, “And obviously, I think there’s a lot of work to
happen before we get to that point where it becomes something more
than just a very exciting idea.”
Libra, Facebook is trying to develop a new global cryptocurrency.
That will be stored in our smartphones and most importantly they are
planning to make it a stable virtual cryptocurrency. This will help
many people who are not using banks to become part of the financial
one can point, they’ll see that Libra’s plans are quite similar to
PayPal’s long term plans. There are hundreds of billion funds get
transferred by the people to their families in the other country
through digital payment. PayPal is the king when it comes to this
digital fund transfer. However, the coinciding plans of Libra
cryptocurrency have made PayPal cautious of its competition.
holders nowadays should exercise caution with regard to not only
their funds but also their personal security, a recent incident of
attempted burglary in Norway on a bitcoin millionaires’ home
affirms this. Earlier this year a local high profile bitcoin investor
in his early forties had barely managed to escape from a robbery at
his house when an armed man tried to get inside forcibly. This time
it was a businessman who had been working in the crypto industry for
almost ten years, and the incident took place at his apartment in
Oslo. In this case, too, an armed man showed up at his door and asked
him to get down on the floor. The incident was reported by the
Norwegian broadcaster TV2 and thereby acted a reminder to all crypto
investors to be careful.
in this case, when the intruder armed with a shotgun aimed at the
victim, the latter refused to comply and give away the money and
escaped by jumping off his balcony on the second floor. Whether the
victim has suffered any major or minor injuries is still not known
with certainty. TV2 has also reported that the businessman owned a
company in the crypto industry and available financial statements
show that his wealth is worth almost 11 million USD. The details of
the robbery have been made public only recently although the incident
had occurred in May this year. The case is scheduled for a trial on
October 17 and 18 in Oslo; however, the victim’s attorney and
defense lawyer of the perpetrator refrained from commenting.
victim has thus pulled a brave act as the indictment drafted by the
Attorney General’s Office alleged that the suspect had threatened
the victim with “Lie down, or I’ll shoot.” However, no shot was
fired before the victim barely escaped, who had come in the spotlight
in recent times for the significant fortune that he had made with his
decade long engagement in the cryptocurrency sector. Norway had also
seen similar incidents earlier like the brutal murder of a
24-year-old bitcoin investor in Oslo after he had sold his bitcoins
for cash. Although there is some doubt on the possible link of the
murder to the bitcoin sale, yet the incident had managed to disturb
the crypto community.
crimes related to cryptocurrency holders are on the rise, a few
simple steps may be undertaken as precaution, besides getting an arms
license or installation of a state of the art security system at
home. One such step is non-disclosure of one’s earnings, which simply
means one need not talk about or show off the wealth that he has made
with the bitcoins he has bought. There is a very high chance of such
news getting spread by word of mouth or social media, and thus one
needs to be cautious. One should also never post his wallet addresses
online as this gives access to criminals to see how much
cryptocurrency their targets own. In case one needs to post his
wallet address online, they should not store much wealth in it and
use it only for the specific purpose. One can also use an anonymous
cryptocurrency or a coin mixer so that criminals cannot trace the
transactions as these can be publicly viewed otherwise. One should
also have a wallet that can be used as a bait that has a small amount
as compared to overall crypto wealth, in case of armed assault the
funds can be transferred to that wallet which the assailants can take
parallel incidents have also taken place in Kerala, in India this
month, and also with a Russian cryptocurrency investor. Therefore
such precautions have become extremely significant in the light of a
rising number of cases of wealthy cryptocurrency holders becoming
victims of robbery and kidnapping at gunpoint.
Thomas Jordan, Chairman of Swiss
National Bank, disclosed his worries regarding the stablecoins. He
said that Switzerland’s monetary policy could be affected due to
the stablecoins like Facebook led Libra cryptocurrency as they are
linked with a group of stable currencies.
He said, “the Swiss franc would
not create any risk; however if the stablecoins pegged to foreign
currencies were to establish themselves in Switzerland, the
effectiveness of our monetary policy could be impaired.”
While speaking at the University of
Basel, he further expressed his concern that” cryptocurrencies
are meant to have limited use as payment instruments, units of
account and stores of value and thus are subjected to have major
“We don’t see this as an
immediate threat to our financial stability, but the open-access of
central bank-issued virtual forex to the common public could create
hindrance to the national monetary policy as it multiplies a chance
of a financial institution run.”
Facebook’s plans to launch a
stablecoin Libra is causing turmoil among the bankers and financial
regulators across the globe. Moreover, it has chosen Switzerland for
launching its Libra project.
Switzerland has blockchain-friendly
policies along with stringent federal laws about data privacy and
data protection. Owing to this approach, Facebook has launched a
company called “Network Libra” in Geneva in May. This has created
an atmosphere of ambiguity in the financial sector of Switzerland.
The Libra project is facing a growing
chorus of resistance across the borders, including Trump
It also has created chaos among
European officials that Libra could harm sovereign currencies and
could undermine European banks which could lead to the financial
statements of Thomas Jordan resonances similar concerns. However,
David Marcus, The head of the Libra project had assured in July that
it wouldn’t compete with sovereign currencies or won’t interfere
in monetary policies.
In the last 24 hours, one
major price decline has placed the Litecoin near $65 all the way from
$75. LTC coin, in total, has shown four significant swings.
to USD Price Analysis
A large part of yesterday
was consistent for Litecoin. The first swing for the Litecoin was a
slight rise of 1.39% between 02:37 UTC and 06:38 UTC. It placed the
coin at $72.81. However, the biggest event of the day started at
16:02 UTC and over the next 2 hours and 12 minutes, it made the
Litecoin lose a whopping $7.54 and pushed the LTC price to the lowest
of the day at $64.74. The next few hours saw some marginal hike, and
it gained 3.68% by 23:32 UTC to reach $67.09. The last swing of the
Litecoin for the day happened between 23:32 UTC and 02:40 UTC, it
deducted $1.48 from the coin, and the current value is roaming around
Litecoin Price Chart by TradingView
has taken an unexpected move, and this has shocked the whole market.
There is no visible sign of quick turnaround of Litecoin price. In
the short-term, LTC coin may take the shelter of the next support at
Here are the details of
the next probable resistance and support levels:
In a recent
blog post, Mark Russinovich, CTO, Microsoft Azure has mentioned that
Confidential Computing Consortium will define and accelerate the
adoption of confidential computing. Microsoft joins Google, Intel and
other founding members like ARM, IBM, Red Hat, Tencent, Swisscom,
Baidu, Alibaba to form the Data Protection Consortium. Linux
Foundation will host this new organization.
following companies will collaborate and work together to form an
open-source technology and frameworks. This technology will help the
organizations to work on their data sets without giving any access to
their data. It will help in gaining shared insights and innovating
new technologies together.
three types of data exposure that needs to be protected. One of them
is the data when it is in rest. The second of them is when the data
is in transit position. The third and most critical one is when the
data is in use. This type of data is also called confidential
protection of data in use means that during the computation, the data
is invisible in unencrypted form to the authorized code to access it.
It also means that it is inaccessible to the public cloud service
providers or edge device vendors. Confidential Computing Consortium
will provide the solution to make the data private from the edge to
the public cloud all the way.
develop such technology to deal with the protection of data is in
use, all the organizations will work together. Like, Microsoft
provides its framework to write the code which will be run inside the
trusted execution platforms. Intel will protect the code at the
hardware level. On the other hand, Red Hat will abstract the secure
environments to create as well as run private applications without
the server. So, each one of the collaborating companies will
contribute somehow in protecting the confidential computing data.
Computing Consortium is a public commitment given by Microsoft to
protect the data, but there is a need to do a lot of work on
Confidential Computing Consortium, i.e. CCC. It is a difficult and
essential task to secure the data as it plays a major role in the
safety of an organization. People are waiting for such innovation and
development of technology that can help millions of individuals as
well as companies in protecting their data.
“We see cryptocurrency donations rise
along with increases in the value of cryptocurrencies in the
marketplace,” said a company representative.
Amy Pirozzolo marketing head of
Fidelity Charitable said that offloading of crypto has decreased as
it is facing a down road. Due to which people who used to offload
them as charitable assets has also decreased. This decrease is mainly
caused by the diminishing value of tax deductions provided to the
donors for their charity.
Pirozollo also talked about the working
of the company. In which she told about “give their most
depreciated assets first” concept. They encourage them (donors)
to invest such items so that they can receive the best tax
Pirozollo added on by saying, “One
thing we’re committed to being helping donors choose the most
tax-efficient asset to give to charity,”
“The majority of our contributions to
date have been bitcoin, however we have also seen growing numbers of
donations in ethereum.” said company’s representative.
This report also showcased that the
company accepts assets in the form of bitcoin and litecoin.
Fidelity Charitable also announced
about its acceptance of the digital asset XRP Back in May, and
Fidelity stated on Twitter that it would take donations in XRP.
The short-term trend in VeChain is bearish. Avoid trading at these
levels. However, go for buying for a good return in the long term.
recently took part in OceanEx Germany Cryptocurrency Meetup. It was
held successfully at FSBC and was attended by more than 200 crypto
professionals and enthusiasts. The dignitaries shared information
regarding the most hard-core blockchain technologies.
July 29, at UTC 12:08, VeChain (VET) vs USD was trading around
Bitcoin, the crypto was valued around 0.00000059 BTC per chip.
present, the market rank of VeChain (VET) is 32nd
in the cryptocurrency chart.
the market capitalisation of the cryptocurrency was around
the same time, the 24-hour trading volume in the altcoin was
an ROI of -62.76%, the number of VeChain chips circulating in the
market, at the above mentioned time, was 55,454,734,800 VET.
On July 04, VeChain (VET)
was trading around 0.00782836 USD. However, today after 25-days, the
cryptocurrency is trading with a decline of 28.62%. Similarly, in the
weekly trading, the altcoin has gone down by 8.40%, from the level of
0.00612129 USD on July 21. Nevertheless, the crypto has shown a
stable movement in yesterday’s trading. After opening at 0.005669
USD, it closed at 0.005661 USD, with a marginal decline of 0.15%.
Amidst the bearish market,
VeChain (VET) has shown some stability. And expected to move toward
the upper side of the chart. As per our prediction, VeChain (VET)
might trade around 0.01 USD by the end of the year. The immediate
resistance for the coin is at 0.0057634 USD and the support level is
at 0.0055164 USD.
Germany is a big market
for crypto with a lot of potentials. Earlier IOTA chain tried to
penetrate the German market through collaborating with various
automobile companies. And the partnership helped the crypto in
strengthening its grip on the market. VeChain seems to be following a
similar strategy. The foundation is expecting a similar result like
IOTA chain. As per our analysis, it will most probably make some
market movement in the favour of VeChain (VET).
The overall trends are flat but moving slowly toward the upper side
of the chart. Holding VeChain chips at present is recommended.
The San Marino Republic
recently adopted blockchain technology and signed a memorandum of
understanding with VeChain Foundation to become the first
carbon-neutral country. The partnership will mutually benefit each
other. While VeChain will help San Marino to develop, promote, and
deliver a full ecosystem of technological innovation, it will also
help VeChain in extending its market reach.
VeChain Price Analysis
& Future Forecast-
On June 28, VeChain price
was trading around 0.00761296 USD. However, over the period of
25-days, the altcoin has shown a decline of 23.1%. However, weekly
trading portrays a contrary story, where the altcoin has gone up by
13.32% from 0.00517114 USD on July 17. Yesterday was also a good
trading day for the crypto. It opened at 0.006092 USD and with a
strengthening of 2.05%, wrapped the day at 0.006217 USD.
Just like the rest of the
market, there is a bit of slowdown in the altcoin at present, but
VeChain is making some stable action, and that’s the good news for
the investors. As per our prediction, VeChain (VET) will trade around
0.015 USD by the end of 2019. The immediate resistance for the VET
coin is at 0.006402 USD, and the support level is at 0.00572 USD.
The recent partnership is a much-needed push for the altcoin, and its effect can be seen in today’s trading. The Market Capitalisation and trading volume of the altcoin have also increased from yesterday’s level. The coin has a flat trajectory at present, and investors should hold VET coins at these levels.
Electroneum seems to mark its territory
in the charity trust as well. After 2008, the trust in the charities
has dropped from 67% to 55% already. But with the innovations like
Electroneum, the donations might be realized in the same field again.
It seems like a noble through at the
end of ETN community and might bring some credibility and loyalty
form the users in the network soon.
The value of ETN is currently trading
at $0.005374 at 07:17 UTC time on 19th July 2019. In past
5 days, the lower value was seen on 14th July at 14:15 UTC
time trading against 0.00000052 BTC value. The value increased by
15.29% on 15th July at 17:15 UTC time trading at
0.00000060 BTC value. However, the lowest touchdown was seen on 17th
July at 18:50, when the value dropped by -16.62% trading against
0.00000050 BTC value. Yesterday, the value saw a slight escalation by
10.14% at 10:30 UTC time with the trading value of 0.00000055 against
BTC value. However, that value is dropped by -7.25% as of now.
Prediction and Conclusion
Sliding in the slight bearish, ETN might reach to pivot point soon. However, ETN still lacks new partnership with exchanges, only then they will gain the real visibility in the capitalization. As of now, they were thrown away from top 100 ranking, hope to see some escalations to get back in the game soon.
The calculated resistance support that
traders might want to consider is as follows:
Pivot Point: 0.005493
By end of 2019, let’s hope to see
some flying valuation of $0.01 in ETN chart.