• Bitcoin is again attempting a recovery from the 30-day moving average, currently at $7,710. The key average has consistently reversed price pullbacks in the last four months.
• This time, BTC is more likely to end up creating a bearish lower high (shallow bounce) or may find acceptance below the average in the next day or two, as both the daily and weekly technical indicators are calling a deeper price pullback.
• A UTC close below the 30-day MA would open the doors to $7,000.
• If the ongoing recovery from the MA ends with a UTC close above $8,103 (today’s high), BTC may rise to $8,500 in the next couple of days.

Bitcoin’s (BTC) price pullback seems to have stalled near historically strong support, but a bounce, if any, could be shallow.

The cryptocurrency market leader dived below $8,000 in the Asian trading hours today and almost tested the crucial 30-day moving average (MA) support, currently at $7,707, according to Bitstamp data.

https://www.coindesk.com/long-term-support-level-may-struggle-to-revive-bitcoin-price-rally

Following one of its best months in years, Bitcoin realized a steep correction which drove the price down below $8,000. As it’s almost always the case with sharp and notable BTC price movements, concerns of price manipulation didn’t take long to emerge.

Shortly before the sudden drop in Bitcoin’s price, a significant amount of BTC was moved to Coinbase’s exchange wallet from an unknown wallet. The transaction can be seen here. The total amount of 25,160 BTC, at the time of the drop, was worth around $215 million.

There has been a single order that has been algorithmically-managed across these three venues, of around 20,000 BTC. If you look at the volumes on each of those three exchanges - there were in-concert, synchronized, units of volume of around 7,000 BTC in an hour.

https://cryptopotato.com/the-reason-why-bitcoin-plunged-25000-btc-215-million-transferred-to-coinbase-shortly-before/

Analytical firm Delphi Digital has called bitcoin (BTC) the "King of the Assets Class Hill" due to the coin’s outperformance in recent months, the Next Web reported on June 3.

Delphi Digital based its commentary on bitcoin’s returns for four straight months, especially given that bitcoin’s performance comes at a time when traditional risk assets continue to face selling pressure.

"May’s outperformance has been especially important given the broader weakness across many other asset classes."

According to Delphi Digital, investors have been driven to leave riskier positions for "safe haven assets" amidst waning sentiment for economic growth in 2019 and United States–China trade war controversy,  although bitcoin has still outperformed conventional assets, including gold and oil.

"Contrary to its recent history, bitcoin has remained largely unaffected by the sell-off in risk assets, though expectations for market volatility are trending higher. It is still too early to claim victory yet, but BTC’s uncorrelated nature has so far proved true."

https://cointelegraph.com/news/analytical-firm-calls-bitcoin-king-of-the-assets-class-hill

• XRP slides 9.1 percent
• Ripple overly successful despite few banks adopting xRapid

The SEC is bending for innovation’s sake. Crypto and blockchain are complex. They are a blend of different fields and all of a sudden, disrupting. Ripple may benefit, but clarification on the status of XRP will propel prices higher.

Blockchain and crypto, in general, is an innovation competition. It’s all about who will devise the best solution, an option that will take on existing legacy system(s). Thus far, there are thousands of projects that seek to dethrone Ripple and Bitcoin. While Bitcoin is the most capitalized, Ripple has grand visions.

https://www.newsbtc.com/2019/06/04/secs-new-decision-a-reprieve-ripple-xrp-falter/

[Provably Fair]

Provably Fair
Provably fair gambling is a process whereby a player can verify that the outcomes of games have been fair in real time.

It makes use of these three technology:
Random Number Generators

• Random number generators generate millions of numbers per second and determine game outcomes.

Seed Generators

• Seed generators create the numbers which are fed into algorithms, which in turn determine outcomes. In provably fair systems, players get to add a seed number, ensuring the casino isn’t in control of the outcome.

Hashing

• Hashing is the transformation of a longer string of data into a shorter string. In the context of provably fair gambling, when a seed number is hashed, it is encrypted. For all practical purposes, the cryptographic hashes used at Bitcoin gambling sites are considered unbreakable. This means you can be sure they haven’t been tampered with.

How does provably fair work?
Although there are several implementations of the provably fair method, we will describe the most common one. With this method each roll-result is calculated by the following variables:

Serverseed - provided by the gambling site

• You will get an encrypted hash of the serverseed before you start gambling. Since you get it in advance, the site cannot change it later. However it is encrypted, so you cannot calculate your own roll results in advance (only afterwards if you get the unhashed serverseed.)

Clientseed - provided by your browser and adjusted by you

• Your browser will generate a random clientseed. However, you could and should adjust this clientseed before you start. This way you can make sure the site does not know your clientseed in advance.

Nonce - A number that increases with each bet you make

• Now if you make a bet the nonce starts with 0 or 1 depending on the website. After each bet you make, the nonce number will go up by 1.

How do you know if a Bitcoin Gambling is Provably Fair?

The easiest way is to use provably fair verifiers.
Here Are the list:
BetKing verifier
BetterBets verifier
BitDice.me verifier
Bitsler verifier
Crypto-Games.net verifier
Just-Dice.com verifier
Nitrogen Dice verifier
Primedice verifier
SafeDice verifier



Provably Fair
Provably Fair Gaming

Smartwatch users can now receive bitcoin lightning payments in seconds thanks to the new BlueWallet app.

Developed by BlueWallet, the app allows users to generate a QR code on their watch which someone else can scan with their smartphone to quickly send them payment over the Lightning Network, all with a few quick taps on their smartwatch.

"We were not happy with the current status of the wallet market, in particular, the wallet we were using at the time. So we decided to team up on this effort and build the solution we wanted to have."

https://cryptoslate.com/get-bitcoin-on-your-smartwatch-with-this-lightning-network-app/

[Relative Strength Index]

According to a recent Twitter post from Josh Olszewicz, an analyst at Brave New Coin, Bitcoin’s one-day chart is starting to show signs that bears are starting to creep into the cryptocurrency scene. He explains that Bitcoin is currently trading in a rising wedge pattern, which if not broken past, often acts as a catalyst for a bearish trend reversal.

What’s more, there have been bearish divergences between Bitcoin’s price, and the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). In other words, as BTC has moved higher over the past two weeks, these indicators have trended lower. This is important, as bullish divergences seemingly preceded a number of crypto market rallies throughout recent trading sessions.

Full Story Here.

Your thoughts guys?

The veteran stockbroker said bitcoin has not accurately recovered from 2018’s bearish sentiment, wherein its rate dropped from $20,000 to $3,200 in just 11 months. Adding that every bear market has fake rallies that attempt to "sucker in" the bulls, Schiff noted that the ongoing bitcoin price boom is one of the same things. Excerpts:

• "A lot of people got suckered into this pump-and-dump scheme because they heard all the stories about young kids taking their Bar Mitzvah money into bitcoin and bought a Lambo. Pretty soon, it is going to be stories about people who lost their life savings because they put real money instead of play money into bitcoin."

https://www.newsbtc.com/2019/06/02/bitcoin-is-having-a-false-price-rally-says-peter-schiff/

Amidst reports of Bitcoin’s Hash Power growing at a steady pace, Alex Petrov, the Chief Information Officer of Bitfury, in a panel at Magical Crypto Conference earlier this May, said that Bitcoin hash rate was growing because it was a “natural protection barrier” to shield the market cap cost of the Bitcoin blockchain.

The CIO of the leading blockchain company further said that this was usually so in the case of Proof-of -Work-based digital coins. According to Petrov, PoW should be proportional to the market cap of the coin, ie, PoW should “grow” with the increasing market cap.

https://ambcrypto.com/bitfurys-cio-asserts-pow-should-grow-with-increase-in-market-cap/

Samsung may soon integrate cryptocurrencies in some capacity into its Pay network, which is an e-commerce/fintech platform that sports over ten million active users.

This would allow for the payment ecosystem to cut intermediaries out of the equation, thereby making payments faster and cheaper. Interestingly, however, the report did not mention if Samsung is considering adding its own coin or something like Ethereum.

https://www.newsbtc.com/2019/06/01/crypto-tidbits-bitcoin-taps-9100-samsung-pay-could-support-cryptocurrency-whales-accumulating/

[Blockchain]

Blockchain

• A blockchain is a chain of blocks that contains information, a distributed ledger that is completely open to anyone. In the simplest of terms, a time-stamped series of immutable record of data that is managed by cluster of computers not owned by any single entity. Each of these blocks of data are secured and bound to each other using cryptographic principles.

       


How does a Blockchain work?

This technique was originally described in 1991 by a group of researchers that was originally intended to timestamp digital documents so that it’s not possible to back date them or to tamper with them. However, it went by mostly unused until it was adopted by Satoshi Nakamoto in 2009 to create Bitcoin. They have an interesting property, once the data has been recorded inside a blockchain, it becomes very difficult to change it.

• Each block contains data, the hash of a block and the hash of the previous block. The data that is stored inside a block depends on the type of blockchain. The Bitcoin block for example, stores the details about a transaction, such as the sender, receiver and the amount of coins.

         

• A block also has a hash, you can compare a hash to a fingerprint that identifies a block and all of its contents and it’s always unique, just as a fingerprint. Once a block is created, it's hash is being calculated, changing something inside the block will cause the hash to change, so in other words, hashes are very useful when you want to detect changes to blocks. If the fingerprint to a block changes, it no longer is the same block.

       

• The third element inside each block is the hash of the previous block and this effectively creates a chain of blocks and it’s this technique that makes a blockchain so secure.

       

• Here we have a chain of three blocks, each block has a hash and the hash of the previous block. So Block 3 points to Block 2 and Block 2 points to Block 1. The first block is a bit special, it cannot point to a previous block because it's the first one. We call this block, the Genesis Block.

       

         Block 1 (Genesis Block)
         a. Hash: 1Z8F
         b. Previous Hash: 0000

         Block 2
         a. Hash: 6BQ1
         b. Previous Hash: 1Z8F

         Block 3
         a. Hash: 3H4Q
         b. Previous Hash: 6BQ1

• Let's say you tamper with Block 2, this causes the hash of the block to change as well, in turn that will make Block 3 and all following blocks invalid because they no longer store a valid hash of the previous block. So changing a single block will make all following blocks invalid. But using hashes is not enough to prevent tampering. Computers these days are very fast and can calculate hundreds of thousands of hashes per second. You can effectively tamper with a block and recalculate all of the hashes of other blocks to make your blockchain valid again.

       

• So to mitigate this, blockchains have something called Proof-of-Work. It's a mechanism that slows down the creation of new blocks. In Bitcoins case, it takes about 10 minutes to calculate the required proof-of-work to add a new block to the chain. This mechanism makes it very hard to tamper with the blocks because if you tamper with one block, you'll need to recalculate the proof-of-work for all of the following blocks. So the security of a blockchain comes from it’s creative use of hashing and the proof-of-work mechanism.

       

• But there is one more way that blockchains secure themselves and that is by being distributed. Instead of using a central entity to enter manage a chain, blockchains choose a peer-to-peer network and everyone is allowed to join. When someone joins this network, he gets a full copy of the blockchain. The node can use this to verify that everything is still in order.

         

• Let's see what happens when someone creates a new block. That block is sent to everyone on the network, each node then verifies the block to make sure that It hasn't been tampered with. If everything checks out, each node adds this block to their own blockchain.

         

• All of the nodes in this network create consensus. They agree about which blocks are valid, and which aren't. Blocks that are tampered with will be rejected by other nodes in the network. To successfully tamper with a blockchain, you'll need to tamper with all of the blocks on the chain, redo the proof-of-work for each block and take control of over 50% of the peer-to-peer network. Only then will your tampered block become accepted by everyone else. So this is almost impossible to do.

       

• Blockchains are also constantly evolving, one of the most recent developments is the creation of smart-contracts. These contracts are simple programs that are stored on the blockchain and can be used to automatically exchange coins under certain conditions. The creation of blockchain technology peaked a lot of peoples interest, soon others realized this technology can be used for other things like storing medical records, creating a digital notary or even collecting taxes.

         


Sources:
What is blockchain technology
How does a blockchain work - Simply Explained

I have sMerit to spare for you guys who think you helped our fellow members with your answers, tutorials and so on.
I don't have much so i can only give 1 Merit per user but as long as i don't run out of sMerit to give, I'll give it.

There are no other rules except your post should be in "English" as i'm too lazy to use translator.

Post your link here that you deemed worthy of Merit and i'll look into it.

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Ang BTD ay isang uri pera na kagaya ng dolyar at iba pa, ngunit nakadesenyo para sa pakikipagpalitan ng digital na impormasyon sa pamamagitan ng prinsipyo ng kriptograpiya.
Ang kriptograpiya ay ginagamit upang matiyak na walang panganib ang mga transaksyon at makontrol ang paglikha ng bagong magiging pera sa pamamagitan ng Proof-of-work na protokol.

Bakit Bitcloud?
Samantalang ang Bitcoin ay isa sa mga magagandang pagpipilian, hayaan mo akong ipaliwanag kung bakit ang Bitcloud ay mas higit na nakakaakit:
Ang bitcoin ay pwedeng tumaas ang presyo sa darating na mga taon ng 2 hanggang 3 beses sa kanyang orihinal na presyo ngayon, ang Bitcloud ay inaasahang tataas ng 10-100 beses mula sa orihinal na presyo.
Bakit mo naitatanong? Ang BTD ay Walang premine, hindi IPO at pantay na naibabahagi sa pamamagitan ng POW (Proof-of-Work). Ang BTD ay inilunsad ilang araw pa lang ang nakakaraan at nagsisimula pa lamang, Tuloy-tuloy ang aming pagde-debelop pati na rin ang mga nakaka-alam at gumagamit.

Ang kaisipan ng BitCloud ay desentralisasyon sa internet at maaaring palitan ang mga imprastraktukra na ginagamit sa internet ngayon.

Maghanda para sa POS / POH (Proof-of-stake/Proof-of-host protocol)

"Hostnodes" ay magbibigay ng space, CPU, Ram. Tulad ng VPS.

Ang network ay gagamit ng proseso na kagaya ng sa TOR's Hidden Services at ito ay gagamitin sa "Proof-of-host" na protokol para masigurado na ang mga nakakonekta lamang ang kikita ng pera.

Ang network ay maaaring maging mabigat sa kompetensya dahil sa mga nakakonektang may makabagong makinarya.

Pure POS Now

-Algorithm Scrypt
-10.7 Milyong Coins pagkatapos ng  PoW
-10000 PoW na bloke
-20 blockeng kompirmasyon
-Rpc port 8330
-P2p port 8329
-60s kada bloke
-Walang Premine

-PoS ay nagsimula sa unang bloke
-PoS interest: 10% kada taon
-Min stake time: 2 oras
-Max Stake time: Walang Hanggan

POW Block Reward:

1 - 10 000 = 2000 BTD coins

SOURCE DIRECT DOWNLOAD

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