One of XRP’s Top Proponents Folds Amid Crypto Market Crash

First posted at https://ethereumworldnews.com/one-xrp-top-proponents-folds-crypto-market/

If you were following cryptocurrency in 2017 and 2018, you likely know of Tiffany Hayden. For some reason or another, she managed to gain a massive following on Twitter — I’m talking about tens of thousands of fervent followers — while discussing XRP and Ripple, touting sentiments like how she expects for the cryptocurrency and the company to revolutionize banking.

Though, this changed just recently, with Hayden announcing that she has sold all of her XRP due to a number of issues with the cryptocurrency and the community surrounding it.

Top XRP Proponent Folds

The divorce began late Sunday, when the once-passionate believer said that she is “not hold XRP anymore, so find something else to talk about,” pointing to a message she got from her mom discussing the cryptocurrency and how she was a topic of discussion. “F**king pathetic,” she added, explaining in a later tweet that she’s been subject to much backlash from people in the community who “demonize” her:

Hayden added that her loss of faith in the cryptocurrency and the community came after she tested running a validator node, showing that she was committed until she realized there were flaws she didn’t know of.

They attacked my character for almost a year for revealing the network was fragile, came close to halting, and that when I spun an expensive validator to help, was excluded because the dUNL has gatekeepers.

Importantly, it doesn’t seem like Hayden’s decision to fold out of her XRP positions and the community is a response to the crypto market crash that has taken place over the past few days, though her leaving does mark a larger trend of “capitulation” across the industry.

Larry Cermak, Director of Research at The Block, was critical of this latest development in the Ripple ecosystem. Explaining that this may be a precursor to a larger capitulation amongst believers in XRP, he wrote:

After years of endlessly shilling it and going against everyone that criticized XRP for its obvious problems. A lot of people lost a lot of money but oh well. The thing is that even the most convinced believers will eventually get tired of Brad Garlinghouse endlessly dumping on them to continue making himself richer. Expect a lot more of this in the future.

As of the time of writing this, the price of the cryptocurrency is down 5%, falling to $0.20 for the first time in weeks.

Featured Image from Unsplash

Analyst Who Predicted XRP’s 100% Rally Expects a Deeper Crash

First posted at https://ethereumworldnews.com/analyst-who-predicted-xrp-rally-expects-crash/

Although Bitcoin remains up on the year, XRP hasn’t fared as well; the third-largest cryptocurrency, per data from CoinMarketCap, is down over 40% from its $0.34 high seen in the middle of February, posting a small loss since the year started.

Unfortunately, analysts across the board only expect XRP to trend lower in the coming days, citing a flurry of scary technical signs.

XRP Could Fall Lower, Analysts Warn

Magic, a controversial and active crypto analyst, recently shared an extensive XRP analysis published to TradingView, sharing that the asset may be on its way to test the $0.15 to $0.16 region in the coming days — around 25% than the current market price of $0.20.

He explained in the post that the cryptocurrency has “clearly broken down from a head and shoulders pattern,” all while the asset has ” failed miserably to recover above the 61.8% Fibonacci retracement level.”

This, he claims is a sign that the cryptocurrency could fall to $0.15 to $0.16, which is where there exists diagonal support, the bottom of a falling wedge that has constrained price action for years now.

Magic’s analysis is relevant as he has been extremely accurate in calling XRP’s price action over the past three months; at the start of December, he predicted that the cryptocurrency would bottom around $0.17 (it did just two weeks later), then rally some 100% to $0.34 by February (it did just as he expected).

His track record with analyzing XRP may add credence to his theory that the cryptocurrency is ready to retrace to $0.15 to $0.16.

Notably, while the analyst has a short-term target of $0.16 for XRP, he recently flipped long-term bearish on the cryptocurrency market, sharing in a number of scathing messages that he expects Bitcoin to strongly underperform due to the lack of adoption and the potential recession brewing, evidenced in the weakness in traditional assets like oil and stocks (S&P 500, Dow Jones, etc.)

All Eyes on Bitcoin (And Traditional Markets)

While Magic seems certain XRP will fall further, its price action is somewhat dependent on Bitcoin.

And fortunately, analysts are getting bullish on the cryptocurrency once again.

Per previous reports from Ethereum World News, prominent cryptocurrency trader Mayne wrote: “If you wanna catch the knife this is where you do it IMO.” This was echoed by TraderXO, who wrote that he “longed $7,700,” seemingly agreeing with Mayne’s assessment that the cryptocurrency could find some bid in the coming hours and days from the crucial price region around $7,700.

Featured Image from Unsplash

Joe Lallouz: Bison Trails – Building a Better Proof of Stake Ecosystem for Everyone

First posted at https://epicenter.simplecast.com/episodes/329-XBaISZUO

Joe Lallouz is the CEO of Bison Trails, who provide staking infrastructure for a variety of PoS blockchains. They have built a really impressive system for deploying nodes across multiple cloud services. In light of the $25m recently raised by Bison Trails, Joe shares their vision to build a better PoS ecosystem for everyone, the types of customer they run validators for, and the cutting edge stuff they’re working on in terms of deployment, redundancy and key storage. We also hear their view on infrastructure centralization in PoS, protocol improvements, and Bison Trails’ role with Libra Association.

Topics covered in this episode:

  • How Bison Trails got started and their vision to build a better proof of stake ecosystem for everyone
  • The types of customer they run validators for and their approach to improving the product
  • The networks they support and their approach to adding new networks
  • Bison Trail’s technical infrastructure design and the cutting edge stuff they’re working on in terms of deployment, redundancy and key storage
  • How the company thinks about infrastructure centralization in PoS
  • The company’s involvement in different crypto communities and discussions around protocol improvements
  • Bison Trail’s role with Libra Association and how they are participating in the technical design of the protocol

Episode links:

Sponsors:

  • ShapeShift: ShapeShift is the leading crypto platform offering zero-commission trading – https://shapeshift.com/
  • Status: A multi-purpose communication tool that combines a peer-to-peer messenger, secure crypto wallet, and web3 browser – https://status.im/

This episode is hosted by Meher Roy & Sunny Aggarwal. Show notes and listening options: epicenter.tv/329

Gabriel Shapiro: ZeroLaw – A Philosophy of Securities Laws for Tokenized Networks

First posted at https://epicenter.simplecast.com/episodes/328-OX8PIWLI

Gabriel Shapiro is an independent attorney who has spent the last two years focusing on the tokens and crypto. He has published several pieces diving deep into US Securities Law, in which he shares his vision and philosophy for how Tokenized Networks should be regulated. In light of the recent “safe harbor” framework proposed by SEC Commissioner Hester Pierce, Gabriel offers his thoughts and suggests how these measures could be improved in a way that would benefit the entire industry.

Topics covered in this episode:

  • Gabriel’s background and how he got into the blockchain space
  • What motivated Gabriel to write his series of posts
  • Why Securities Laws in the US appear more complex than other countries
  • The classifications we give tokens – commodities, currencies
  • The Howey Test and how it applies in the crypto space
  • What the Exchange Act 1984 is and the impact this has on companies that issue securities
  • Why crypto networks not complying with the Securities Law aren’t being punished
  • What is wrong in the blockchain industry and what it has to do with Securities Law
  • Gabriel’s philosophy and how Securities Law should be applied when issuing tokens and launching networks
  • The Safe Harbor proposal – what it is, how it defines things like decentralization and network maturity
  • Gabriel’s thoughts on how things can be improved

Episode links:

Sponsors:

This episode is hosted by Sebastien Couture & Brian Fabian Crain. Show notes and listening options: epicenter.tv/328

Taylor Monahan: From Side Project to Center Stage – The Story of MyEtherWallet & MyCrypto

Many people find that the crypto-finance space is quite difficult for non-technical people to understand and interact with the technologies. Some projects and people have made tremendous progress in creating tools and interfaces that allow a broader audience to participate, speculate, and learn.

Taylor Monahan started MyEtherWallet as a side project in 2015, only for it to grow into one of the significant pieces of software people used to participate in the 2017 ICO boom. She has since “design-forked” the codebase and created MyCrypto, an open-source tool for generating ether wallets, handling ERC-20 tokens, and interacting with the blockchain with a clean and intuitive design.

Topics covered in this episode:

  • Taylor’s background, and how she got into cryptocurrency
  • What her experience was with Ethereum so early in the projects lifecycle
  • How Reddit comments helped guide the feature list in the early days of MyEtherWallet
  • How the DAO hack got her working full time on MyEtherWallet
  • Building a project before “founding a company”
  • Experiencing the ICO boom as the main wallet used to participate in token generation events
  • Where MyCrypto is at today
  • How Taylor wants MyCrypto to change the user experience in cryptocurrency
  • Taylor’s view on centralized exchanges and view of the future

Episode links:

Sponsors:

  • Cosmos: Compete to win 100,000 ATOM by building and running Cosmos Zones – https://cosmos.network/goz/
  • eToro: Automatically copy every trade of eToro’s top crypto traders at the exact price in real-time – https://www.etoro.com/
  • Pepo: –

This episode is hosted by Brian Fabian Crain & Friederike Ernst. Show notes and listening options: epicenter.tv/317

Charlie Shrem: The Untold Story of a Bitcoin Pioneer and Renegade

Charlie Shrem became fascinated with Bitcoin in 2011 but grew frustrated with the hassle of buying it from the leading exchange at the time, Mt. Gox. To make the process faster and more convenient, Charlie created BitInstant in 2012. BitInstant quickly grew and by 2013 became responsible for processing a third of all Bitcoin transactions. This was with the help of Roger Ver and the Winklevoss twins, who were his seed investors, and Erik Voorhees, who led their marketing efforts.

The success of BitInstant was short-lived. In a time where Bitcoin’s primary applications were price speculation and buying things on the Silk Road, Charlie spent time in prison after a lack of customer due-diligence attracted the attention of the law enforcement. Our conversation with Charlie recounts the Bitcoin industry at its beginning, his time in prison, and what he is doing now that he’s able to continue his work as a Bitcoin advocate.

Topics covered in this episode:

  • Learning of Bitcoin on IRC in 2011
  • The Bitcoin community in the early days
  • Collaborating with competitors to grow the ecosystem
  • Frustration with Bitcoin infrastructure in 2011
  • Why Charlie decided to create BitInstant
  • Meeting Roger Ver, Erik Voorhees, and the Winklevoss Twins
  • Charlie’s time in prison and its effect on his personal life
  • Podcasting and daily life after prison

Episode links:

Sponsors:

This episode is hosted by Sebastien Couture & Sunny Aggarwal. Show notes and listening options: epicenter.tv/321

Looking for ways to Swap within Wallet ERC20 token for ETH(gas) without sending ETH into Wallet (MetaMask,Trust,,dApp)

Any dApps available to swap ERC-20 token(BAT specifically) for ETH(gas)…. seems like uniswap, or any other dApp etc. requires ETHER(GAS) for transaction… which is main reason I’m trying to do this on the first place…. any dApps, smart contracts, that I’m not aware about someone could point me in the right direction would be great. Seems silly you have to have ETH to send transactions with these wallets..

submitted by /u/Tor_De_Web
[link] [comments]

Anthony Sassano & Eric Conner: EthHub – Ethereum Education and the Quest for Ether Dominance

We’re joined by Eric Conner and Anthony Sassano, founders of EthHub. Started in January of 2019, EthHub’s goal is to provide a trusted, objective source of information for the Ethereum ecosystem. The platform is made up of an open-source documentation website, a weekly newsletter, and a podcast, “Into the Ether” hosted by Eric and Anthony. Both active and vocal members of the Ethereum community, they are known to embody what some consider to be Ethereum Maximalism.

Topics covered in this episode:

  • What is EthHub and why they decided to start the organization
  • Eric and Anthony’s view on the current state of the Ethereum community
  • The different cliques, factions, and sub-groups in Ethereum
  • The role of the Foundation and Vitalik Buterin as they see it
  • A close look into project funding in Ethereum and the emergence of DAOs for funding
  • Reflections on Anthony’s “Why Ether is Valuable” piece
  • The state of Ethereum 2.0 research and the different parties involved
  • Their views on where the crypto space is heading in the next 5 years

Episode links:

Sponsors:

  • Vaultoro: Trade gold to Bitcoin instantly and securely starting at just 1mg – http://vaultoro.com
  • Trail of Bits: Trust the team at the forefront of blockchain security research – https://trailofbits.com

This episode is hosted by Sebastien Couture & Sunny Aggarwal. Show notes and listening options: epicenter.tv/302

A Multidisciplinary Approach In Building Decentralized Solutions

Everything is about innovation in the 21st century. Throughout daily life, with an increasing call for innovation, people are susceptible to bringing in new technologies. From the use of a controller to controlling devices to using voice records to send orders; advanced technology has made room in everyone's regular lives. Technologies such as A.I and IoT have gained momentum over the past decade and there is now a new addition to the category, Blockchain Technology.

Blockchain, with its very first modern Bitcoin application, is a disruptive technology that has strongly influenced different industries, enabling them to leverage the power within their ecosystem to do things faster and reduce costs and complexity considerably. Several multi-domain companies look for new and innovative ways to utilize this technology to make it more efficient, secure and accurate. For this new decentralized technology to flourish and accelerate its development, therefore, it becomes absolutely necessary for developers to collaborate and learn through a multidisciplinary approach.

While blockchain infrastructure and use-cases are maturing, and the start-up ecosystem is growing rapidly, the deployment of production-ready networks is still relatively sparse. There are several technical challenges with blockchain like startups to have a collaborative approach and interoperability that can be an integral part of it, and the ability to overcome these may determine the extent of its deployment over the coming years. Perhaps enhancing that learning curve, that's when real-world solutions can introduce checks building on these disruptive trends, by potentially making them more collaborative and interoperable.

submitted by /u/ExtensionQuail
[link] [comments]