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Vechain And Shopping.Io Became Partners To Enable Vechain Holders To Shop On Amazon, Ebay, Walmart And Etsy Using VET Token

Mark Brennan
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Vechain And Shopping.Io Became Partners To Enable Vechain Holders To Shop On Amazon, Ebay, Walmart And Etsy Using VET Token

Starting today, VeChain holders will be able to spend their tokens on Shopping.io, an e-commerce platform and shop on Amazon (US, UK, California, US, France, IT and ES), Ebay, Walmart and Etsy  using VET token.


 

Shopping.io is the Bridge between crypto and e-commerce as the first international crypto-e-commerce. service. Shopping.io is the only crypto company that allows you to shop at major e-commerce centers on a global scale with hundreds of different tokens to choose from.

Through Shopping.io, VeChain Holders will now be able to use their tokens to buy everyday items, electronics etc.

Shopping.io writes:

“VET token holders will also receive a 2% discount on all items when they use VET to make purchases for two weeks starting from July 9th.”

This partnership is result of Shopping.io commitment to engage with all leading crypto as well as exciting new projects that align with their vision for a core crypto future.

Arbel Arif Founder & CEO of shopping.io said:

“VeChain is an absolutely huge accomplishment for shopping.io because of their passionate community and longevity in the space. We are excited to see what more the future might bring through this partnership.” 



Shopping .io is the only international crypto platform that allows its users to spend their cryptocurrencies on popular e-commerce sites. This partnership is another step forward in the growth and maturity of the Shopping.io industry.

Apple Co-Founder, Steve Wozniak: “Bitcoin Is The Most Amazing Mathematical Miracle”

Mark Brennan
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Apple Co-Founder, Steve Wozniak: “Bitcoin Is The Most Amazing Mathematical Miracle”

Steve Wozniak Remains Optimistic About Bitcoin. El Sol de México reports, Apple co-founder Steve Wozniak called Bitcoin “the most amazing mathematical miracle” during the Jalisco Talent Land Digital 2021 event.

“Bitcoin is the most amazing mathematical miracle”

Read: Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard Wallet


He believes that the Bitcoin is more precious than gold, because Gold is not scarce enough.

“We keep finding gold. One day, we will manufacture it in factories.”

Read: Bank of America Launch Their Crypto Research Team

While the 70-year-old tech entrepreneur does not personally invest in the Bitcoin, he is convinced that it has a place in the future.

“I don’t invest in Bitcoin, but I believe in it for the future.”

Wozniak has been a very loyal supporter of Bitcoin for many years. Back in June 2018, he said that he wants BTC to become the single world currency.

Read: A New Bill Submitted By Argentine Lawmaker Propose Bitcoin Salaries

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In December, he launched his cryptocurrency company called Efforce. During a recent event, the computer engineering legend also stated that artificial intelligence (AI) and augmented reality (AR) could change people’s lives for the better.



In the summer of 2020, Steve Wozniak filed a lawsuit on YouTube for not taking the necessary steps to prevent fake bitcoin giveaways.

Read: John Mcafee Widow: I Do Not Accept The “Suicide Story” That Has Been Spread By The Main Stream Media

Almost a year after filing legal action against YouTube, Steve Wozniak lost the case. The California Supreme Court, Santa Clara County, said the video-sharing platform was protected by federal law.

Cardano Price Prediction: ADA Bulls Need To Show Up As Bears Are Defending $1.45 Resistance

Albert Brown
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Cardano Price Prediction: ADA Bulls Need To Show Up As Bears Are Defending $1.45 Resistance

$1.45 is acting as a strong resistance as ADA Price is continuously Rejected by this Key Resistance. ADA price is stuck in up in ascending channel for 2 weeks, and 25 moving average on 4H chart is acting as a strong support.

Read: Cardano Founder Update On Alonzo



cardano price prediction 9-1-21

Cardano has been stuck in the 20 cent range for nearly 2 weeks as traders seem unable to break out.

ADA price action has turned bearish over the past 2 days as Bitcoin failed to break higher. Many small altcoins have risen over the past few days, but big caps remained the same.

If BTC fails to gain a foothold above the $35,000 price region, cryptocurrency market can fall as a whole.

Cardano (ADA) price action has generally been weak since it touched $1.01 lows on June 22.

ADA price has created an upward channel that provided support for the bulls and resistance for the bears. As the time of writing, ADA price is touching the bottom line of the ascending channel.

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Failure to hold major support of $1.30 to $1.35 will break the two week long ascending channel downwards and can push ADA price to June 22 low of $1.01, which is not a good scenario.

Read: Cardano Price Analysis: Key Support Levels To Watch As ADA Is Battling at Critical Support

For bulls ADA should break and push through its mid-term trend line (shown in black). If this trend line is broken ADA price can move upward to face strong resistance at $1.45 price range.

ADA 200 Moving average on 4H chart has not been touched since the start of 2021. If there is downward break of the ascending channel, 200 4H moving average will provide support. 200 moving average on 4H is present at $1.09, which is ADA demand zone and previously investors have heavily purchased cardano in $1 to $1.10 range.

If BTC falls sharply then things can go worse as altcoin follow BTC in price movement. But if we look at Cardano ecosystem, there is so much going on. In Cardano Foundation Long Term Plans, foundation announced to Onboard Ten Fortune 500 Companies,1 Billion Users, And 50 Banks in five years.

Read: Cardano Foundation Long Term Plans



Grayscale that is Leader in Digital Currency Investing announced that they have added Cardano to there Crypto trusts and Cardano became the Grayscale third-biggest holding with a 4.26 percent share, only behind BTC and ETH.

Read: Grayscale Adds Cardano To Their Product Family

Also Cardano is the leading the stake able digital assets in front of ETH 2.0, Polkadot and all others, with more than 70 percent of total cardano supply locked in ADA network for staking.

Read: Cardano Gets On The Top Of Stakeable Assets List With More Than 70% Of Total ADA Supply Is Now In Staking

Such strong fundamentals show that there are high chances cardano will outperform other digital assets in long term.

  • Spot Price: $1.33
  • Volatility: Medium
  • Trend: Neutral
  • Support: $1.35, $1.01
  • Resistance: $1.45

 

Vechain Price Prediction: VET Bears Building Momentum But For Bulls The Demand Zone Must Hold

Albert Brown
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Vechain Price Prediction: VET Bears Building Momentum But For Bulls The Demand Zone Must Hold

In our previous Vechain price analysis we mentioned VET was Looking For A Major Bullish Breakout, but Vechain price has fallen downwards from the ascending triangle on daily chart, as bears are taking control. Also 50-day simple moving average (SMA) will trigger a bearish death cross over the next week.

Read: Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard Wallet


vechain price prediction

VeChain price has built a bearish flag pattern as shown in the chart, after the June 22 low, VET price is rejected by the resistance indicated by the 200-day SMA present at $0.090.

Read: Bank of America Launch Their Crypto Research Team

Under the weight of strong resistance, VET price broke out of the bearish flag pattern on July 5 and is demonstrating a convincing bearish fallout.

In line with the current price structure, VeChain price is predicted to test the May 23 low (0.055) or June 22 low (0.060).

Read: John Mcafee Widow: I Do Not Accept The “Suicide Story” That Has Been Spread By The Main Stream Media

In worst cases Vechain can fall 55% from the pattern breakout.  A death cross is which is a bearish signal is also coming where 50 day SMA is going to cross 200 SMA, that can cause strong selling pressure.

Read: A New Bill Submitted By Argentine Lawmaker Propose Bitcoin Salaries

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To break the bearish narrative, the VeChain price needs a daily close above $0.088 and the 200-day SMA at $0.090. However, the VET will quickly face a stiff resistance from 50-day SMA at $0.01.

Read: Vechain Real World Transactions

VeChain price momentum is clearly declining after yesterday 7% drop. The bears have established control over the digital asset, and if the price falls, bears will pick further momentum, VET could face a sharp 55% decline from the current price to reach a support of $0.036. It should be remembered that from June 21 to 22, VET decreased by about 40%.



Currently Vechain is trading in the demand zone of $0.070 to $0.080, so there is nothing to worry. But for bulls this demand zone must hold.

Read: San Marino Approves Vechain Powered National Digital Vaccination Passports And Why It Matters?

If this demand zone is able to face bears and absorb selling pressure, It will invalidate all bearish analysis and we could easily see Vechain price gaining upward momentum to touch $0.10 and reach second major resistance present at $0.14.

Key Support Levels: $0.070, $0.055

Worst Case Scenario: $0.036

Key Resistance Level: $0.088, $0.10

 

Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard Wallet

Mark Brennan
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0
Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard Wallet

Square and Twitter CEO, Jack Dorsey today confirmed via Twitter that the Square plans to create a Bitcoin hardware wallet.

Read: Bank of America Launch Their Crypto Research Team


Square Product Development Head, Jesse Dorogusker first tweeted that the company “has decided to build a hardware wallet and service to make Bitcoin custody more widespread.”

Jesse Dorogusker said:

“We have decided to build a hardware wallet and service to make bitcoin custody more mainstream. We’ll continue to ask and answer questions in the open. This community’s response to our thread about this project has been awesome – encouraging, generous, collaborative, & inspiring.”

Dorsey retweeted him and added, “We’re doing it.”

Read: John Mcafee Widow: I Do Not Accept The “Suicide Story” That Has Been Spread By The Main Stream Media

Dorsey said last month that Square is considering building a bitcoin wallet, and today he confirms it.

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Jesse Dorogusker said that they are hiring a team for creating BTC wallet:

“Contact us by email if you want to build mainstream self-custody with us, in partnership or on our team: hardwallet (at) squareup (dot) com. We’re hiring key roles in hardware, software, security, and business. Thank you for your ideas and challenging questions – keep ‘em coming.”



Hardware wallets are one of the safest ways to store crypto assets as they allow users to store their private keys and holdings on external offline devices. But new users complain that they are difficult to learn and use.

Read: A New Bill Submitted By Argentine Lawmaker Propose Bitcoin Salaries

Hardware wllet provide security by allowing people to keep their private keys offline. Ledger and Trezor are two of the leading hardware wallet makers, so Square already has some serious competition.

Bank of America Launch Their Crypto Research Team

Mark Brennan
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Bank of America Launch Their Crypto Research Team

Bank of America debuts a dedicated crypto research group. The research will focus on various crypto assets and technologies associated with them.


Bank of America has launched a dedicated cryptocurrency research group. The new crypto research group will be led by Alkesh Shah and will also focus on technologies related to the digital asset market.

According to a recent Bloomberg report, Bank of America has created a dedicated cryptocurrency research group.

Candace Browning, head of BofA Global Research, described crypto as one of the fastest growing technologies:

“We are uniquely positioned to provide thought leadership due to our strong industry research analysis, market-leading global payments platform, and our blockchain expertise.”

The research team will be led by Alkesh Shah, founding member of the Bank’s Data and Innovation Strategy Group.

As previously reported, the second largest US bank also began trading shares on the blockchain in May.



However, BofA still maintains its ban on crypto-investing, according to recent testimony from CEO Brian Moynihan in Congress:

“Currently, we do not lend against cryptocurrencies and do not bank companies whose primary business is cryptocurrency or the facilitation of cryptocurrency trading and investment.”

TRON Milestones: Total Daily Transactions Crossed 9M Mark, TRX Unique Addresses Passed 45M And More

Mark Brennan
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TRON Milestones: Total Daily Transactions Crossed 9M Mark, TRX Unique Addresses Passed 45M And More

TRON transactions hit a new all-time high as Justin Sun set the next milestone of 10 million transactions per day. The total value of the Tron blockchain has exceeded $8 billion.


The TRON blockchain network is showing good signs of growth, reaching important milestones in recent weeks. Daily transactions on the TRON blockchain have reached a new all-time high, increasing 500 percent over the past year.

According to TRON data tracking platform Tronscan.org, the blockchain currently processes over 9 million transactions in a single day.

CryptoRank tweet:

 

This takeoff speaks volumes about the growing popularity of TRON in the crypto space. Taking the next challenge, TRON co-founder Justin Sun stated that the blockchain will soon start processing 10 million transactions every day.

In addition to this massive increase in daily transactions, the number of unique addresses has also increased significantly. There are currently over 45 million addresses on the blockchain network, according to Tronscan data. 

TRON’s DeFi ecosystem is showing strong growth, with the Total Locked Value (TVL) exceeding $8 billion last week. However, it has declined slightly since then, and is now worth $7.4 billion, according to Tronscan.

Justin Sun shared a tweet mentioning Tron Defi TVL.

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The TRON blockchain network offers support multiple stablecoins and continues to grow. USDT Tether continues to dominate its peers with a $32 billion circulating supply.

TRON founder Justin Sun said:

“TRON is known to have many successful cases of stablecoin issuance, with TRC20-USDT as the most widely known case; the steady increase of TRC20–USDT circulation supply and unique addresses are adequate proof of the demand for stablecoins.”



On the other hand, the Circle stablecoin USDC has seen significant gains. In less than a month, USDC circulating supply on TRON has exceeded 108 million. As such, TRON is becoming a popular choice for traders due to its low transaction fees.

Cardano Founder Update On Alonzo: We Make Good Progress With The Rollout Program And Onboard New SPOs And Developers This Week

Mark Brennan
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Cardano Founder Update On Alonzo: We Make Good Progress With The Rollout Program And Onboard New SPOs And Developers This Week

In a recent You tube video “Brief Update on Alonzo”  Cardano Founder Charles Hoskinson gives details of activities happening in Alonzo. He said Cardano continue to make good progress with the rollout program and this week they started onboarding new SPOs and developers to join Alonzo White.

Read: Cardano Foundation Long Term Plans: Onboard Ten Fortune 500 Companies,1 Billion Users, And 50 Banks


 

Summary Of Alonzo Update:

We’re building out the remaining Goguen Smart contracts capability via a series of color-coded testnets, supported by the Cardano community. We’re adding new community testers as we go, steadily adding new users as we add functionality, test, iterate & improve. On Monday, we asked our Alonzo Blue community testing team to nominate and bring new members into the program (a mix of experienced SPOs and developers) ready for Alonzo White. We’ve now also invited and started onboarding these new users.

Read: Cardano Price Analysis: Key Support Levels To Watch As ADA Is Battling at Critical Support

We are also now inviting funded Project Catalyst projects building Plutus applications, and selected development partners to get set up for a new hard fork and Alonzo White testnet deployment.

Read: Grayscale Adds Cardano To Their Product Family

We’ve spun up the new Alonzo White network and faucet, and this/next week we’ll start to grow the Alonzo test program user base from c.50 SPOs/external developers to an initial 250 or so. This number will steadily scale to 500+ over the next few weeks.

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On Friday, we’ll host a briefing session for all the Alonzo White team members, where we’ll walk through all the steps required to join the network and take any initial questions on the process. Once on boarded, new users will be invited to set up their node and complete the test exercises/ scripts provided. We’ll leave Alonzo Blue running for a short while after we fork to Alonzo White to let people finish up any testing before we fully retire that network.

Read: Cardano Gets On The Top Of Stakeable Assets List With More Than 70% Of Total ADA Supply Is Now In Staking

With Alonzo White we will also introduce updated versions of our middle-tier components (inc. Cardano wallet, db-sync, graphql, rosetta) and early limited-function versions of the Plutus backend. This will give us valuable early feedback on utility.



Concurrently, the QA team is assessing additional improvements to the Node CLI and Plutus interpreter, which we plan to deploy soon. We’ll then share new exercises, covering enhanced capabilities in areas such as advanced scripting, setting fees, minting tokens, and more. During the Alonzo White phase, we will also invite third parties that integrate with Cardano to test the compatibility of their systems with the new components.

Read: What July 2021 Hold For Cardano (ADA)?

Thanks to all our technical community – especially our original Alonzo Blue team and now our Alonzo White team as we enter the next exciting phase in the testnets rollout. We’ll continue to bring on new devs and partners over the weeks ahead.

 

Cardano Price Prediction: Key Support Levels To Watch As ADA Is Battling at Critical Support

Albert Brown
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Cardano Price Prediction: Key Support Levels To Watch As ADA Is Battling at Critical Support

ADA is down 6% today as it falls to support at the 20-day Moving Average (blue line).


Cardano is consolidating within the ascending triangle pattern that started in late June. The coin fell to its lowest price in June and found support at the 200-day MA line (yellow on the chart) at $1.05 and has rebounded sharply since then, forming a bullish triangle.

Read: Cardano Foundation Long Term Plans: Onboard Ten Fortune 500 Companies,1 Billion Users, And 50 Banks

cardano price prediction 8-7-2021

This ascending triangle is called a bullish triangle pattern if it breaks upward however, there is also a breakdown situation. At the time of writing, the bottom corner of the triangle is being tested before possible downfall.

Earlier this month, in July, ADA rallied higher and tried to break to the top of the triangle. Unfortunately, it failed to break the roof at $1.47, where 100-day moving average (Shown In Purple) is acting as a resistance.

ADA price has dropped lower since then, as it has dropped below $1.40 today to find support at the bottom corner of the triangle at $1.33, provided by the 20-day MA.

Read: Grayscale Adds Cardano To Their Product Family

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A decrease in volume is usually a sign that anticipates a large price movement. If the price fails to find support at current levels, the move is likely to be downward.

Looking ahead, if ADA price break below the triangle and 20-day moving average, the first support will be at $ 1.31. If price drpped further next support is $1.21 (July lows), $ 1.13 (0.618 Fibonacci retracement) and $ 1.08 (200-day moving average -yellow line).

On the other hand if there is upward price move then the first resistance is at $1.41. This is followed by a significant range of resistance between $1.46 and $ 1.51 provided by the 100-day moving average, and the upper corner of the ascending triangle.



The RSI recently dropped below its centerline again, indicating that bearish momentum may be starting to increase.

Read: Cardano Gets On The Top Of Stakeable Assets List With More Than 70% Of Total ADA Supply Is Now In Staking

The overall crypto market is trading in RED so investors have to be cautious and apply stop loss if there is any large drop in crypto marketcap.

Key Support Levels: $1.35, $1.31, $1.21.

Key Resistance Levels: $1.41, $1.46 – 1.51, $1.73.

A New Bill Submitted By Argentine Lawmaker Propose Bitcoin Salaries

Mark Brennan
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A New Bill Submitted By Argentine Lawmaker Propose Bitcoin Salaries

Argentine lawmaker introduced a bill that will allow workers to receive salaries in Bitcoin.

Read: Allied Payment Network Partners With NYDIG To Put Bitcoin On Their Balance Sheet


 

Jose Luis Ramon, Argentina’s national deputy from the province of Mendoza, has introduced a new bill that, if passed, would allow workers to receive wages in bitcoin and other crypto.

Ramon argues that this initiative could preserve the purchasing power of employees while increasing their financial independence.

Read: Bitcoin Mining Difficulty Gets Biggest Drop In BTC History

He said on Twitter (Translated):

“I presented a bill so that workers have the option of receiving their full or partial salary in Bitcoin or other crypto. The idea is that they can strengthen their autonomy and conserve the purchasing power of their remuneration.”

“This initiative arises from the need to promote greater autonomy and governance of the salary, without this implying a loss of rights or exposure to situations of abuse within the framework of the employment relationship,”

 

Under the proposed bill, workers can choose whether to receive full or partial pay in cryptocurrency.

Read: Bitcoin Mining Firm Argo Blockchain Is Looking At A Secondary Listing On Nasdaq

Those Argentines who work abroad will not have to convert their earnings into pesos upon returning home.

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Argentines faced a devaluation of the peso from $0.02 to $0.006 in just 18 months and an annual inflation rate higher than 40%. They are only permitted to buy up to $200 a month in dollars through official channels with an additional tax of 65% over the official quote.

Because of these restrictions, many Argentines have started to adopt stable cryptocurrencies such as DAI, whose volume has already grown at least sixfold this year, according to information provided by local crypto exchanges SatoshiTango, Decrypto and Ripio.

To avoid the switch to Argentine pesos, many exporters receive their payments in cryptocurrencies.



 

Due to economic turmoil, Argentina ranks high in the mass adoption of crypto, along with other Latin American countries such as Venezuela, Brazil and Peru.

As previously reported, the El Salvadorian government also discussed the issue of paying employees in Bitcoin in June.

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