$ETH Soars on OKEx – allcoinsnews.com

The 24 hour volume for $ETH/USDT on OKEx is 328,784,944. This volume weight is moderate to heavy when compared with OKEx daily trading levels for $ETH over the last month.

The total 24 hour volume for all reporting $ETH markets is $5,258,440,000.

Ether Volume by Currency

Graph courtesy CryptoCompare.com

Market Share

The OKEx currency pair $ETH/USDT is 6.25% of all $ETH traded in twenty-four hours. Bithumb (KRW 8.10%) and Upbit (KRW 7.62%) are first and second in single pair daily market share, trading ether in Korean Won.

Remarks

If you bought ether on OKEx a month ago you would be enjoying significant asset performance today.

Ethereum soars to a large daily, weekly and monthly increase on OKEx – the world’s leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45. The Ethereum marketcap is $120,462,810,388 with a circulating supply of 97,269,014 $ETH. $ETH/USDT is trading between a 24hr high of $1,242.31 and a 24hr low of $1,213.49 on a 24hr OKEx volume of 328,784,944. This trading volume is moderate to heavy. The weekly price trend is up.

One Year Chart

One Day Candles

Browse Ethereum Collection

Learn about the unique characteristics of $ETH. Browse our collection of Ethereum Market Reports.

Sunday January 28 2018 Bitcoin Background

Altcoins such as Ethereum ($ETH) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
2.77% price $11,860.10
vol $8,412,630,000
mktcap $199,629,499,702
16.83M #XBT 22:12 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePrice^TM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Data sources

Main Data Source

OKEx is the main data source for this report. The One Day Candles chart, highlight chart, and all digital asset numeric trading data are from OKEx.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePrice^TM and 24 Hours of Bitcoin are data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:

market cap = ( circulating supply x last price )

Market cap	$ 120,462,810,388
Circulating supply	97,269,014
Last price	$ 1238.45

Daily High Low

daily high	$1,242.31 USDT
daily low	$1,213.49 USDT

Trend

The weekly trend is up. We’ve seen seven daily green candles in the last seven days.

Trend is “up” when the weekly price movement is predominantly upwards.

Resistance

Resistance is the highest price within the period:

period	resistance
day	1,242.31 USDT
week	1269.07 USDT

Support

Support is the lowest price within the period:

period	support
day	1,213.49 USDT
week	945.09 USDT

If you looked further back to January 13 2018 you would see a support level of $00.002 – less than a cent – per ether. The unusual price deflation didn’t last long. Ether’s current price is $1,238.45. OKEx support was diligent on this matter, transparently posting to Twitter about it:

Update on the unreasonably low price of ETH transaction https://t.co/4NzpBlgB1l

— OKEx (@OKEx_) January 14, 2018

This is refreshing to have timely and responsive communication over social channels about an exchange concern. OKEx comes off with high marks here. Other exchanges should take note that investors respond well to excellent exchange support and communication.

If you’d like to try out the world’s largest ether USDT exchange the register link is here:

Create a new trading account on OKEx.com
https://www.okex.com/user/register.do

Market sentiment

Market sentiment is neutral. We saw a large mid month selloff with at least four large red daily candles. Volume was heavy and price dipped substantially on these days. While we’ve seen the last week in green candle recovery, the mid month weakened support and selloff over a $300 high/low range is not that distant a memory.

Image courtesy Pixabay.com

Summary

Ethereum soars to a large daily, weekly and monthly increase on OKEx – the world’s leading ETH/USDT exchange. Ethereum is up 10.74% in 24 hours, up 17.93% on the week and up 76.24% on the month on a last price of $1,238.45. The Ethereum marketcap is $120,462,810,388 with a circulating supply of 97,269,014 $ETH. $ETH/USDT saw weekly resistance at $1,269.07 USDT and weekly support at $945.09 USDT. Market sentiment is neutral. The weekly price trend is up in daily moderate to heavy volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Bitcoin & Ethereum

Watch for our next Bitcoin & Ethereum Market Reports coming soon – or browse reports:

Ether

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Thanks for reading!

Tags

Ethereum, $ETH, USDT, OKEx, Market, Report, $ETH/USDT, altcoins

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Equity Markets vs. Cryptocurrency Markets: Weekly Perf… | News

The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The cryptocurrency  market data is provided by the HitBTC exchange.

Developed equity markets globally continued to outperform most cryptocurrencies last week, as they have since the start of the year. The top equity market for both the past week and year-to-date is Hong Kong, with the Hang Seng Index advancing 2.8 percent for the week to close at 32,255, and up 10.8 percent year-to-date. In second place was the S&P 500, up 2.2 percent for the week and 7.5 percent year-to-date, and then the Shanghai Composite, which advanced 2.0 percent for the week and 7.6 percent year-to-date.

The Hang Seng has been on a tear, up seven weeks in a row and closing at a new record high for the second week in a row. Meanwhile, the S&P 500 continues its ascent into a new record high and closes strong, at the high of the week, while the BSE 30 Sensex, does the same. The Sensex finished its eighth week up in a row.

Coming in at the bottom for the week was the UK’s FTSE 100 Index, down 0.8 percent to end at 7,731, followed closely by both the German DAX Index and Japan’s Nikkei 225 Index, each down 0.7 percent to close at 13,434 and 23,808, respectively.

It’s interesting to note that the order the equity markets lined up last week is similar to the relative performance year-to-date. This seems to be a good reminder of the importance of trends and the significance of relative performance. A trend, once set in motion, tends to continue for a while, and the relative position of markets have a tendency to be maintained over some period of time.

Let’s now take a look at a few of the charts that may have something to tell us. We’ll leave the Hang Seng, S&P 500, and Sensex alone since they are in clear and strong uptrends into record highs.

Nikkei 225 Index

First, we look at the Nikkei 225 Index, which can best be observed with the weekly chart. For the past few weeks, the index has been stalled around the 150 percent extension, 150 percent retracement, of the prior downtrend that started from the 2015 peak, and the top parallel trend channel line. Last week it again attempted to continue its rally with a brief new high of 24,129.34. The attempt was quickly reversed with a close near the low for the week. That’s the third consecutive week that the Nikkei ended in the red and reflects the building of selling pressure. Also note that two weeks ago there was a bearish doji candle, not perfect but close enough. Further, the Stochastics momentum oscillator has turned down after being overbought for most of the rally coming off the August lows.

A break below the three-week low of 23,577.07 increases the chance for further selling, with a daily close below confirming a bearish signal.

FTSE 100

This next chart is a daily chart for the FTSE 100. The FTSE found resistance at 7,792.60 two weeks ago and has since pulled back. This follows a decisive breakout of a six-month basing period that took the form of a bullish ascending triangle consolidation pattern. When markets break through resistance at some point they pullback to test prior resistance as support, at least to some degree. We see that happening now with the FTSE.

Note that prior resistance at the top of the triangle at 7,599 is almost an exact match with the 38.2 percent Fibonacci retracement of the most recent upswing. In addition, Stochastics has turned up from being well oversold. This makes the 38.2 percent Fibonacci price support zone a good place to start to look for potential entries, relative to your own strategy. Either way, the overall behavior of this index is bullish and the uptrend can be expected to continue following the retracement.

Cryptocurrencies

The following table shows the relative weekly and year-to-date performance of some of the most popular cryptos. What immediately stands out is the relative outperformance of Ethereum (ETH).

Ethereum

Ethereum is the only crypto with a positive performance for last week and year-to-date, and it has done so by a long shot. Year-to-date ETH is up 42.1 percent, and it was 1.4 percent higher last week. Nevertheless, overall the cryptocurrency market remains in a consolidation phase with lower volatility and therefore less predictable price patterns.

What’s happened is that ETH had been lagging the other cryptocurrencies on the way up and therefore they topped and began to correct earlier. Most have not recovered much after hitting recent lows. The cryptocurrency, on the other hand, pulled back, found support and quickly recovered, and it has maintained its recovery. The other cryptos continue to face downward pressure.

What this all means is that Ethereum can now be watched as a possible leading indicator for the crypto market. A sign of strength should help maintain or improve bullish sentiment in the crypto market, while signs of weakness could trigger declines below support.

Here is a four-hour chart for Ethereum (ETH/USD):

ETH has been forming a potential rising measured move following a greater than 45 percent retracement off the peak at 1,424.30 on Jan. 13. The advance off that low found resistance around the 61.8 percent Fibonacci retracement and the subsequent decline found support also at the 61.8 percent level. This sets the stage for a potential Gartley completion around the 1,295.21 price area at the earliest. The potential resistance zone happens to coincide with two other Fibonacci resistance levels as noted on the above chart.

Nevertheless, a breakout above the prior 1,160 swing high triggers a bullish trend continuation, and this may provide some upside enthusiasm, even though short-term, to the wider crypto market.

Several of the other cryptocurrencies have been forming symmetrical triangle patterns on their four-hour charts, including BTC/USD, DASH/USD and IOTA/USD. A breakout of the triangle consolidation patterns will point to the next direction of momentum.

Ripple

Let’s now take a look at Ripple (XRP/USD). Ripple is the weakest performer year-to-date, down 38.5 percent, and for the week it declined 21.4 percent. Since hitting a 3.34 peak on Jan. 4, Ripple fell as much as 74 percent before finding support at 0.85. That low completed a 78.6 percent Fibonacci retracement of the near-term uptrend, and it was followed by a 61.8 percent retracement of the internal downtrend.

What’s interesting about its chart is the relationship of price to the downtrend lines. There are a couple of clear trend lines that define dynamic resistance of the downtrend.  A decisive breakout above the line will provide a bullish signal with strength confirmed on a move above the minor swing high of 1.457, and then again on a rally above the next higher swing high at 1.722. Fibonacci price levels are listed for use as potential short-term targets.

The charts for the cryptocurrency analysis are provided by TradingView.

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The Rising Crypto Economy And Digital Payment Solutions

We live in the age of convenience. I can prove this by asking how much cash you currently have in your wallet? Not much right? While cash will never be obsolete, it has practically been replaced by the convenience of plastic. Cards have become universally accepted by almost every store, making it even more convenient. And many want that same convenience to be transferred to the area of cryptocurrencies.

With the boom of cryptocurrencies resulting in many new adopters, users are looking to make the digital assets more practical. One of the primary complaints against cryptocurrencies is that no stores accept them as a valid form of payment. But all stores do accept cards, so what if we created a debit card for cryptocurrencies? A couple of different companies have arisen to offer different levels of this service.

Monaco

Monaco (MCO) is a company that provides a means to spend cryptocurrencies through a debit card. Monaco pairs an actual debit card with a mobile app, providing real time information on all your digital assets. It boasts common features found in fiat currency debit cards like 2% cashback and a premium metal card.

Monaco also provides cheaper exchange rates between currencies than a traditional bank does. These savings can be between 5-8% when compared to street banks. It’s great for spending while traveling. For example, if you’re traveling in Canada but a citizen of the United States, your Monaco card will be received as the local Canadian currency, and interbank exchange rates will automatically be applied.

Earning, buying and sending crypto is also a seamless experience when using Monaco. Not only is Monaco a mobile app that allows you to track spending, but it is also a blockchain with its own token, MCO. Every time you spend money with your Monaco card you’ll earn 2% cashback in the form of the MCO token.

BitPay

BitPay is another platform that connects debit card payments with cryptocurrencies, specifically Bitcoin (BTC). It allows you to spend, store and send Bitcoin all through their debit card and app. BitPay works in a similar way to Monaco, only it exclusively works with Bitcoin.

For example, you are able to send Bitcoin to a friend in another country, then they can use their BitPay debit card with the new funds and the card will convert the Bitcoin to the local currency for them. It provides a seamless experience to practically operate in Bitcoin, while the app transfers the digital asset in the local fiat currency in real time.

TokenCard

TokenCard (TKN) is another blockchain that makes spending crypto easy. It boasts the same features as the above platforms, but specifically excels in a few distinct areas. The main way TokenCard excels is through its real time asset spending management. Through a mobile app, you can track your spending in real time. This means when you swipe your Token debit card, that transaction is immediately reflected within the app.

Asset management in TokenCard is all inclusive. Whether it’s fiat or crypto, all of your accounts and assets can be added to the app. Plus, you can send, receive or purchase more of an asset, all while never leaving the TokenCard app. You can even access and receive tokens from ICO’s straight from your wallet. This provides a seamless user experience and doesn’t require extensive knowledge of the tech in order to use it.

TokenCard is also a safe and reliable platform. It provides top notch security through a passphrase, which acts as your key. With this passphrase you can backup and restore your data on any device. Plus they provide an emergency withdrawal option that can take place instantly. TokenCard is designed to keep all of your assets safe in a smart contract wallet that is triple-audited.

While BitPay is revolutionary, it exclusively works with Bitcoin. TokenCard excels because it can operate in any of the hundreds of digital currencies in existence. Also, like Bitpay, TokenCard can purchase more of a cryptocurrency from within the app. However unlike Bitpay, through TokenCard you can purchase any crypto, not just Bitcoin.

TokenCard takes the best of Monaco and the best of Bitpay and combines it into a single app. Through TokenCard you can purchase more of a cryptocurrency like in BitPay, and it has its own token, TKN, like Monaco. Crypto and blockchain are revolutionizing the way we use money. And by pairing crypto tokens with debit cards, blockchains like TokenCard are completing the final step necessary to help bring blockchain completely mainstream.

This is a spnsored post.

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Ransomware 101 | Cryptorials

2017 was all about ransomware. There was news about the WannaCry attack in May, Petya in June, BadRabbit in October, but do you really know what it’s all about? Let’s make it clear.

Ransomware is one of the most dangerous type of cyber attack. Ransomware attacks mostly target organizations and businesses but since it spreads through the internet without discrimination, no one is completely safe.

We’ve covered the most essential information on ransomware and included tips on how you can efficiently prevent your computer and data getting compromised.

Interested enough by now? Let’s get into.

What is Ransomware All About?

Ransomware is a type of malware (or malicious software) that locks the users’ files or complete system, usually by encryption, and demands a ransom for decryption in some form of cryptocurrency.  In some cases, if a user decides to pay the ransom, they might regain access to their files. However, there were a few examples where users didn’t receive their data back. The other less common form of ransomware is called leakware, in which the attacker threatens you to pay or your private data goes public. Mobile ransomware first appeared in 2015 as the form of a porn application for Android devices.

 

How It Spreads

Ransomware can be downloaded via a malicious email attachment or together with an infected software. It can be downloaded when visiting a harmful website.  Another form of transmission is when a user clicks on a malvertisement (malicious advertisement). It can also be delivered and downloaded by other malware.

Forms of Ransomware

1. Non- encrypting ransomware

This type of ransomware is rather scary than harmful since it doesn’t encrypt files on the computer. The most common non- encrypting ransomwares are the “law enforcement agency viruses”.  These usually display a whole-screen message demanding a ransom for different criminal acts or face charges, fines and even imprisonment. Non- encrypting ransomwares can be easily detected and removed with good anti-malware software.

Now let’s turn to the most dangerous type of ransomware, which are…

2. Encrypting ransomware

This is the most typical form of ransomware. It encrypts your files or even servers and asks for a ransom. Now hackers use strong public-key encryption to lock the files which makes it impossible to get access without the decryption key.

3. Leakware/ Doxware

Leakware or doxware is a form of attack that threatens to publish sensitive information from the user’s computer unless a ransom is paid. These malware don’t encrypt files on the victim’s computer, however the virus still gets access to information that harms the victim’s privacy.

4. Mobile ransomware versions

In 2015, a mobile ransomware version appeared on Android called Porn Droid. It locked the user’s phone along with changing the PIN number, demanding a ransom of $500. Mobile ransomware are usually blockers since data can be easily restored with synchronization. Devices are mainly infected through third-party applications installed as APK files. There are even methods for iOS devices that exploit iCloud while others use the “Find My iPhone” app to block access to the phone.

How to Prevent Ransomware

If it’s about ransomware, the primary focus should be on prevention since removal can be difficult, costly and sometimes ineffective. Take a look at our most effective ransomware prevention methods below:

1. Always be up to date

Making sure your anti-malware, anti-virus and other protective software is up to date is essential for keeping up with hackers and the most advanced security measures. Use multiple software combined and run regular scans for the best protection.

 2. Be careful with email attachments

Avoid open suspicious email attachments from untrusted sources, always double check what it might be about. Also, don’t click on shortened or fishy links unless you are confident about where it leads. You can additionally block executable files or entire attachments through email.

3. Secure your network

Network security is an often overlooked topic but it’s actually one of the most important measures to take for keeping your online activities as secure as possible. There are plenty of ways to do that from firewalls to secure DNS setup on routers. However, one of the best methods for online privacy is to use a virtual private network. For example, you can take a look at the most trusted VPNs so you can easly and effectively make your network safer.

4. Avoid suspicious websites

One of the most common ways to get infected with ransomware is through websites. Double check the URL before clicking on it. Hackers often create similar sites like large companies to trick users so be careful even with known websites, check the spelling and if you suspect something, run a website scan.

5. Make sure you have a great backup

The most promising way of a successful and positive outcome from a ransomware attack is to maintain an up-to-date backup of all your neccessary files. Even if you catch a ransomware, you can completely recover your files. 

Conclusion on Ransomware

We all know ransomware is dangerous for your data. Fortunately, by implementing these preventive steps you can secure your online presence as well as keeping your data safe.

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Russian Ministry of Labor: Gov’t Workers Exempt From D… | News

The Russian Ministry of Labor’s updated income, expenses and property declaration guidelines for government employees for reporting on 2017 includes a point about cryptocurrency, local media outlet Izvestia reports. The updated regulations state that government employees do not have to declare “virtual currencies” they obtained.

The note about cryptocurrency was added to an already existing point that stated government employees were not required to declare “goods and services in their natural forms,” adding laconically “as well as virtual currencies.”

Representatives from the Ministry of Labor told local news outlet RBC that they do not currently require cryptocurrency to be declared because of Russia’s general lack of legislation in the space, stating:

“At present, approaches to the definition and regulation of cryptocurrencies in the Russian Federation at the legislative level are not defined.”

Risk for corruption

Russian officials have been required to make public declarations about their income since 2009. ‘Experts’ pointed out to Izvestia that the ruling increased the risk of receiving bribes in cryptocurrency that would go undisclosed, according to the guidelines.

However, Vladislav Tsepkov of the “Business Against Corruption” Center, an organization created by the Russian government in 2011 to protect entrepreneurs’ rights, told Izvestia that they saw the risk of government workers taking bribes in crypto as “minimal,” noting:

“But cryptocurrency is not a means of payment, it cannot be spent. If they [government workers] sell it and get real income, then it will need to be declared, so the risks are minimal.”

Izvestia noted that according to the same regulations, it is required that government workers declare gifts of “real,” or fiat, money from friends or family.

These changes come at a time when Russian corruption is at an all time high. According to the statistics on the matter, corruption has increased more than thirty percent in Russia since 2008.

The Russian government has yet to create legislation that explicitly covers digital currencies. The country’s government and central bank generally have a negative stance on the subject, calling cryptocurrencies “high risk,” especially for mainstream investors.

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