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Bosch is Trialing on Ethereum as ETH Drop 4.8% in a Retracement

Bosch is trialing on ethereum as eth drop 4. 8% in a retracement

Bosch is Trialing on Ethereum as ETH Drop 4.8% in a Retracement

Bosch is trialing on ethereum as eth drop 4. 8% in a retracement
  • Ethereum (ETH) down 4.8 percent and hanging
  • Bosch, Samsung, and Amazon see potential in Ethereum

Vitalik zeroed in on Augur and Kleros as two projects that would eliminate human verification, as Bosch said they are trialing projects in Ethereum. Prices are stable, down 4.8 percent. But bills still have control. 

Ethereum Price Analysis

Fundamentals

On April 30th, Elon Musk tweeted, “Ethereum” and that was enough for Ether prices to move, jolting bulls and could have been the precursor to what we are currently witnessing. What we have seen is a near 50 percent jump in a coin that was even immune to Bitcoin gains of early April.

Well, of the many application brought by its smart contracting capability is moving identity to the immutable blockchain. That shift alone would cut off fraud, and it is something Vitalik, the “no-giver of ETH”, is pretty excited about.

During 2019’s Blockchain Week, the innovative co-founder highlighted two projects that are planning to revolutionize verification. The two, Augur and Kleros, Vitalik said will replace human verification. Through their decentralized protocols, the Ethereum co-founder expects for industries to benefit from their innovation.

While Vitalik heaped praise on these Ethereum based projects, Bosch, it is emerging, is running trials on the Ethereum platform:

“The Ethereum platform allows such projects, including for example, in the case of Bosch applications, autonomously charging and paying EV. There is no strategic favor for any existing technology. We have evaluated Ethereum, Hyperledger, and IOTA in small prototypes before.”

Candlestick Arrangement

Overly, big corporations are settling for Ethereum in a move that cements the platform’s position as a go-to smart contracting platform. Meanwhile, Ethereum Foundation is accelerating development towards Serenity that will, without a doubt, support ETH prices.

The coin, at the time of press, is down 4.8 percent and hanging. Even if prices drop, there is an opportunity for traders to find entries in lower time frames as long as prices are above the $170 as per our previous ETH/USD highlights. It’s easy to see why.

ETH is trading within a bullish breakout against the USD. Typical of these patterns, prices often retrace in a retest before prices snap back to trend. In any case, any dip below $230 could see ETH sink to $190 in a retest. On the other hand, any expansions above $270 with above-average volumes open up doors for $300 and $450 in a bull trend continuation phase.

Technical Indicator

As a result, our reference bar is May 19th. It is wide-ranging with high participation. Any surge or drop below $230 canceling our outlook ought to be at the back of a volume spike exceeding 271k and preferably 822k of May 16th.

Chart courtesy of Trading View. Image Courtesy of Shutterstock

Published at Thu, 23 May 2019 19:25:19 +0000

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Antonopoulos On Trust: Fake News ‘Is About To Happen To Money’

Andreas Antonopoulos has predicted that the world’s money supply will suffer the fate of information in the fake news era.


Money To Get Its Fake News Moment

In a talk originally held April 11 but republished Saturday, Antonopoulos said that in light of the multiple currency failures seen in recent times, consumers no longer know what gives cash in their pockets value. During the discussion Antonopoulos commented:

blockchain training conference Antonopoulos

What’s really interesting is what just happened in [the] news that has left an entire generation of people now unable to discern truth from fiction, easily manipulated through propaganda […] What I’m going to suggest today is this is about to happen to money.

Just like the information consumer watching television or reading news sources online, the debate about whom to trust and whether the reputation of a source means that source can be considered reliable is now transferring to the financial sector.

…And bitcoin Is Already On Consumers’ Radar

Antonopoulos highlights the currency failures in countries including Zimbabwe, Venezuela, and Ukraine as prime examples of central banks failing to uphold the promise that cash will be worth approximately the same tomorrow as today.

One day, that phrase which seemed so meaningful and strong and satisfying – ‘the full faith and credit of the United States of America’ […] – compare it to this one: ‘the full faith and credit of the National Bank of Zimbabwe.’ […] That sentence no longer has much weight to it.

In terms of bitcoin’s role in providing a haven away from trusting third party authority, Antonopoulos used India’s increased interest in the virtual currency following demonetization of 86% of its cash supply last November.

bitcoin is not going after replacing national currency; […] it’s doing something far more dangerous: it’s encouraging people to put their savings outside the system.

Germany: ‘If You Think bitcoin Is Safe As Fiat, Take Responsibility’

For those reading the news a month after Antonopoulos’ words, a warning against using bitcoin, this time from Germany’s central bank, now strikes an altogether less sincere tone.

“From our perspective bitcoin does not constitute a suitable medium for storage of wealth,” Bundesbank board member Carl-Ludwig Thiele told German newspaper, Die Welt, last weekend. “Just one look at the highly volatile exchange rate demonstrates that.”

In further comments even more ironic in light of Antonopoulos’ words about trust, Thiele continued:

Carl-Ludwig Thiele

Whoever nonetheless thinks bitcoin is as safe as the euro or dollar must take responsibility for that. All we can do is warn people about using bitcoin as a means of wealth storage.

What do you think about Andreas Antonopoulos and Carl-Ludwig Thiele’s opinions? Let us know in the comments below!


Images courtesy of Andreas Antonopoulos, Reuters, AdobeStock

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