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February 2018 Update

MaidSafe
February 2018 Update

Snowman

The Beast from the East snow storm in Scotland may have stopped traffic across the country but it certainly hasn’t slowed progress of the SAFE Network.  This month has been full of new hires, new guidelines for developers and development updates.

Thanks to the continued hard work of Victoria, our Office Manager, we are now welcoming many new faces to the Maidsafe team.  We have now filled the Test and Release Manager, Rust Engineer, Software Support Analyst, UX/UI Designer and Admin Assistant roles.  This is not only testament to the ever growing needs of the network but the speed of its growth. We look forward to these new staffers becoming part of the community.

We are very excited to have announced our first European DevCon in Scotland in April 2018.  As the majority of the MaidSafe global team will in the Ayr HQ for a staff weekend we are inviting developers to join us for a one day development conference to learn more about the network, recent developments and share community projects.  If you would like to join us please email outreach@maidsafe.net.  We will also be sharing the conference via a livestream and will post joining details closer to the time.  

Following a very successful funding cycle the Safecoin animated video Community Engagement Programme was over funded.  In light of this we have agreed with Hypercube to create a second video in addition to the Safecoin video. There has been good progress on the Safecoin video and we are expecting to see initial animations in the coming weeks.  

Progress for the  new MaidSafe website is also coming along.  We have now completed the wireframing and are expecting the designs from the agency  later this week. This is an exciting stage and will give us a better idea of the end product. We will continue to share updates on the forum.  

Dug, Marketing and Outreach Coordinator, has been increasing his outreach work this week and has been attending and speaking at a number of events.   It is not practical for Dug to create or attend meet ups around the globe so we are once again looking to the community to help us spread the SAFE Network word.  The long term vision is to have meet ups in every major city around the world. More information on this can be found on this forum thread and if you would like to lead or set up a Meet Up locally please contact Dug Campbell (outreach@maidsafe.net).

The front-end team and Shona have been working hard in the last few months and have now released UX Guidelines. We hope that this will be helpful for app developers and we will continue to see several new and exciting apps being developed on the SAFE Network.  

Following the development of Peruse Browser earlier this year we have now released V0.4.0 with new features and functions. There has also been a new new version of the SAFE Browser released this month, v0.9.0.

Routing has been busy in the last few weeks and we have now outlined the milestones for implementations onto our workflow system (JIRA). Although this is still an ongoing process as we continuously improving the design.    Steady progress is being made with tasks being picked off towards the DataChains first milestone.

Thanks for your continued support!

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Bitcoin Gold Price Technical Analysis – BTG/USD Preparing for Next Break

Key Points

  • bitcoin gold price has recovered well from the $205 support zone against the US Dollar.
  • There is a contracting triangle forming with current resistance at $255 on the hourly chart of BTG/USD (data feed from Bitfinex).
  • The pair might make the next move soon either above $255 or below $235 in the near term.

bitcoin gold price is moving nicely above $200 against the US Dollar. BTG/USD is now preparing for the next break with resistance at $255.

bitcoin Gold Price Resistance

Recently, we saw a declining pattern in bitcoin gold price from the $300 swing high against the US Dollar. The price traded below the $280 and $250 support levels and moved closer to the $200 handle. A low was formed at $207 from where the price started an upside recovery. It has moved above the 50% Fib retracement level of the last decline from the $275 high to $207 low.

However, the price is struggling to move above the $260 resistance level. Moreover, the 61.8% Fib retracement level of the last decline from the $275 high to $207 low also prevented gains. It seems like there is a contracting triangle forming with current resistance at $255 on the hourly chart of BTG/USD. The triangle resistance at $255-260 is a major hurdle for buyers. On the positive side, the price is currently above $240 and the 100 hourly simple moving average.

Bitcoin Gold Price Technical Analysis BTG USD

On the downside, there is a connecting trend line with support at $240. Therefore, it seems like the pair is approaching a breakout either above $255 or below $235. Above $255-260, the price could trade higher towards the $300 level. On the other hand, below $235, the price could retest $200.

Looking at the technical indicators:

Hourly MACD – The MACD for BTG/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is moving higher towards the 70 level.

Major Support Level – $235

Major Resistance Level – $260

 

Charts courtesy – Trading View, Bitfinex

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