Dear colleagues and followers,
We would like to sincerely thank you for staying in touch and interacting with our posts. The Osiris team will keep working hard to constantly improve our predictive and trading algorithms to deliver the best results achievable.
Yesterday, we discussed the chances of a fresh weekly low below $3,200 in price against the . The BTC/USD pair did trade lower and broke the $3,295 and $3,260 support levels. The price even broke the $3,200 to signal a major wave. A new weekly low was formed at $3,150 and it seems like the price remains in a significant downtrend. (Source: )
According to the Dallas News, The U.S. Securities and Exchange Commission ordered the AriseBank founders on Wednesday to pay back investors who believed that their money was to be used to create a cryptocurrency bank, which never actually came to fruition. The crypto startup from Dallas, Texas, was planning their AriseCoin to raise $1 billion, but was closed down in January by the SEC for rogue practices and allegedly lying to their investors. The SEC had halted the based on promises made by AriseBank as it claimed to have purchased a FIDC bank, which was found to be untrue. Other claims by AriseBank also turned out to be untrue. The director of the Fort Worth SEC office, Shamoil T. Shipchandler, came out in January to make a statement in regards to the alleged fraudulent activities of AriseBank by saying: “Rice and Ford lied to AriseBank’s investors by pitching the company as a first-of-its-kind decentralized bank offering its own cryptocurrency for customer products and services.” (Read more: )
This holiday shopping season, hundreds of women are earning their first by buying items online with an in-browser app called Lolli. Revealed exclusively to CoinDesk, cosmetics chain Sephora has joined the list of retailers where shoppers can earn cash back, in the form of , through an app called Lolli. The rewards startup says it won over the beauty chain with data: specifically, 30 percent of the app’s thousands of users are women. “We’ve gone back to a lot of these retailers that previously were not interested but now are coming on-board,” Lolli Adelman told CoinDesk. “One of the biggest ones that just joined us is Sephora, which adds an entire suite of retailers in the beauty category.” Lolli’s partners, including beauty retailers like and fashion brands such as Everlane, pay it for customer referrals and give the e-commerce startup fiat, which it converts into rewards for shoppers. Despite the broader bear market, or perhaps because of it, this lean 6-person startup is actually gaining traction while other crypto startups face layoffs. (Read more: )
The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:
As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades.
Pair: BTC/USD
High: 3391.10
Low: 3325.24
Close: 3325.24
It has been more than three weeks since the notable Cash hard fork, which has resulted in two rival chains, and . The respective coin prices have relatively stabilised, and the reactions to relative hash rates is not as pronounced as it used to be historically, with and now responding to the overall market movements to the greater extent than they do to idiosyncratic coin-related technical news. is currently in the lead with a minor 4-block advantage. and coins are currently traded at $84 and $76, respectively. The trading patterns for both coins have been maturing slowly, which implies both lower and lower growth potential. As for now, the chain has a slight advantage in terms of hash power (55%), however the chain is still controlling 54% of the network’s nodes (Sources: , ). The mining profitability of has remained quite low for a week now and has further dropped recently, now being 62.8% below the original chain. mining profitability is has also somewhat dropped, now 6.6% lower than that of the chain (nevertheless, a 56% advantage compared to the rival chain). miner concentration has slightly dropped today, still remaining above historical averages however. The leader has changed today, with .com having generated over 35% of the chain’s blocks, followed by with 17.36%. is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, Multipool and okminer, the first six pools now consistently mining at least one block every day (Sources: , ). Regarding the chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool dropping out of radar again with just above 4% today. Interestingly enough, .top has been spotted mining on both chains, a historically unprecedented move for a major mining pool, however its output in the chain remains negligible (less than 1%). The Osiris team might reconsider its profile for in the nearest future, still opting however to hold the coin as for now.
Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.
Published at Fri, 14 Dec 2018 15:13:23 +0000
