A supercharged DEX launches on Ethereum – Decrypt

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In Brief

Loopring Exchange, a decentralized exchange that doesnt force users to relinquish control over their funds, launched a public beta today on the Ethereum mainnet with four trading pairs. It claims to be the first publicly Ethereum-based DEX that uses a technology called zkRollup, as well as cheap and fast.

Decentralized exchanges, unlike centralized exchanges, dont hold user funds in wallets owned by the exchanges, and arent owned by a centralized party. Recall how hackers can steal funds from exchanges, or how exchanges sometimes run away with customer funds? Decentralized exchanges, at least in theory, avoid those vulnerabilities. Sometimes.

Loopring also doesnt ask for any identifying information from its customersapart from an Ethereum addresskeeping things anonymous.

But most decentralized exchanges are expensive and slow. Loopring promises to be none of these.

In part, thats because it uses zkRollup, a technology that allows hundreds of transactions on the Ethereum blockchain to be rolled-up into a single transaction. It sits on top of Ethereum, and means that the network can run faster and smootherno more bottlenecks, which occur when the network gets too full.

The zk part stands for zero-knowledge proof, another way of making things quicker. According to an explainer on the matter on EthHub, zero knowledge reduces the amount of information contained in a transaction, saving on computing and storage resources.

Looprings not overpromising just yet: we admit that the current implementation is far from being perfect at the UX level, wrote Daniel Wang, Founder of the Loopring Foundation in a blog post today. It takes up to two weeks to process deposits and withdrawals, its relayer is still quite centralized, and the beta only supports one million users.

Wang will have to scale his own, uh, scaling solution, for the project to succeed. We are not thrilled it is not designed for the masses just yet, he wrote.

In the past few weeks, DeFi, the catch-all term for decentralized financial solutions like what Loopring is offering, has had a terrible time. With a series of daring hacks, and increasing noise around the over-centralization of DeFi solutions, Wang has his work cut out.

Have a news tip or inside information on a crypto, blockchain, or Web3 project? Email us at: tips@decrypt.co.

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A supercharged DEX launches on Ethereum - Decrypt

Ethereum Pullback Was So Dire Investors Traded $38M of Dai – newsBTC

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In the last 24-hours, $38 million of Dai were traded for Ethereum on decentralized exchanges and Coinbase. Moreover, a massive spike in Dai trading volume confirmed this pattern, suggesting that investors are bracing for further drops.

Decentralized finance has been making big waves of late as concern over traditional finance continues to grow. And a major component of this success is attributable to MakerDao, a decentralized credit platform on Ethereum that supports the stablecoin Dai.

The Dai stablecoin is pegged to the US dollar. Having a stablecoin opens up many new financial possibilities for this burgeoning sector that were not possible before due to volatility. Not only does Dai offer stabilization, but is also offers transparency and decentralization, since it is built on top of the Ethereum network.

Currently, MakerDao has 58% dominance, which equates to $552 million locked into DeFi. In brief, when compared to the next nearest rival protocol, Compound, which accounts for just $148 million locked into DeFi, its clear that MakerDao, and Dai, are by far the prevailing Ethereum based protocol. As such, major moves Dai are indicative of wider market sentiment.

Analysis of DeFi. (Source: defipulse.com)

Today, data analyst, Vishesh tweeted that $38 million worth of Dai was traded for Ethereum in the past 24-hours. And a further analysis of data on Nomics shows that Dais transparent volume is currently up 180%.

Analysis of Dai. (Source: nomics.com)

Consequently, this would suggest that Ethereum traders are expecting further losses in the short-term. And so, are moving to Dai in order to offset the adverse price movements as coronavirus fears continue to run rampant.

At present, a look at the large-caps shows that Tezos is the only one in the green. An analysis of Ethereums price chart shows that it has closely mirrored Bitcoins movement over these past few days.

Much like Bitcoin, the number two cryptocurrency by market cap has experienced three consecutive daily drops since the start of the week.

Ethereum daily chart. (Source: tradingview.com)

But yesterday saw Ethereum plunge 14%, as bears struggled to offset the slide. Indeed, as a result of the breakdown, support at the $250 level was breached.

Today sees a bounce off support at $210, which has formed into a relief rally of sorts as it attempts to regain $230. But the latest move has triggered a bearish trend line. Meaning Ethereum will struggle at $230. However, a close above that level should see a strong recovery in the short term.

On the flip side, key support lines exist close to the $205 and $200 price levels. And bulls are expected to vigorously defend the $200 handle if further drops do occur.

On a more optimistic note, unlike Bitcoin, the 50-day and 200-day moving average remain intact on the daily chart.

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Ethereum Pullback Was So Dire Investors Traded $38M of Dai - newsBTC

Analyst: Ethereums Path to $400 is Clear Once it Breaks This Single Level – newsBTC

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Ethereum has been closely tracking Bitcoin and the aggregated market over the past several days, which has led ETH to experience some intense volatility as it ranges between lows of $250 and highs of $285.

In spite of Bitcoins overt bearishness at the moment, it is important to note that Ethereum has been forming a highly bullish market structure that could lead it significantly higher in the near-term.

One top trader is noting that this market structure could lead the cryptocurrency to $400 in the near-term, which would mark a significant climb from its current 2020 highs of $290 that were set at the peak of its recent parabolic rally.

At the time of writing, Ethereum is trading up marginally at its current price of $271, which only marks a slight decline from daily highs, but a notable climb from lows of $265 that were set yesterday.

ETHs price action seen in the time following last Wednesdays intense selloff can largely be characterized as a slow upwards grind, as it has been unable to incur any type of parabolic price action.

George, a prominent cryptocurrency trader on Twitter, recently explained that bulls ability to defend the crypto from dropping beneath the upper-$260 region is a bullish sign that suggests it will soon move towards $280.

ETH: Yup, nice little pump. Break above mid-range and expecting 4h range high. Clean smash above that and we should go for new highs. Lets see, he explained while pointing to the chart seen below.

Ethereums rally may not end at $280, however, as this may be the event that allows the crypto to kick off its next parabolic uptrend.

George also spoke about this in a tweet, pointing to a chart showing that the cryptos next main resistance level exists at roughly $370, with a move above this level opening the gates for a swift rally past $400.

ETH: Road to $400, he explained.

In order for Ethereum to continue pushing higher, it is imperative that bulls continue defending it from dropping below the upper-$260 level.

Although ETH does remain correlated with Bitcoin, its market structure is arguable more bullish than that of BTC, which may be enough to help the cryptocurrency gain some independent momentum.

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Analyst: Ethereums Path to $400 is Clear Once it Breaks This Single Level - newsBTC

EOS, Ethereum and Ripples XRP Daily Tech Analysis 29/02/20 – Yahoo Finance

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EOS

EOS fell by 2.56% on Friday. Reversing a 2.31% gain from Thursday, EOS ended the day at $3.4287.

A mixed start to the day saw EOS rise to an early morning intraday high $3.6212 before hitting reverse.

Falling short of the first major resistance level at $3.7749, EOS slid to a mid-day intraday low $3.3535.

EOS fell through the first major support level at $3.4250 before recovering. Finding support late on, EOS struck a high $3.6100 before falling back to $3.52 levels.

At the time of writing, EOS was up by 0.44% to $3.5444. A bullish start to the day saw EOS rise from an early morning low $3.5282 to a high $3.5908.

EOS left the major support and resistance levels untested early on.

EOS would need to move back through to $3.60 levels to support a run at the first major resistance level at $3.6888.

Support from the broader market would be needed, however, for EOS to break out from Fridays high $3.6812.

Barring a broad-based crypto rally, the first major resistance level would likely leave EOS short of $3.70 levels once more.

Failure to move back through to $3.60 levels could see EOS fall back into the red.

A fall back through the morning low to sub-$3.52 levels would bring the first major support level at $3.3611 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer clear of sub-$3.30 levels.

Major Support Level: $3.3611

Major Resistance Level: $3.6888

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum slipped by 0.1% on Friday. Following a 1.72% gain from Thursday, Ethereum ended the day at $227.36.

A mixed start to the day saw Ethereum rise to an early morning intraday high $234.90 before hitting reverse.

Falling short of the first major resistance level at $237.75, Ethereum slid to a mid-day intraday low $213.63.

Ethereum fell through the first major support level at $218.75 before recovering to $230 levels. A final hour pullback to sub-$227.60 levels left Ethereum in the red for the day, however.

At the time of writing, Ethereum was up by 1.05% to $229.75. A bullish start to the day saw Ethereum rise from an early morning low $227.04 to a high $232.20.

Ethereum left the major support and resistance levels untested early on.

Story continues

Ethereum would need to break back through the morning high $232.20 to bring the first major resistance level at $236.97 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $230 levels.

Barring a broad-based crypto rally, the first major resistance level at $236.97 should leave Ethereum short of $240 levels.

Failure to move back through the morning high could see Ethereum give up the early gains.

A fall through back through the morning low to sub-$225.30 levels would bring the first major support level at $215.70 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$210 support levels.

Major Support Level: $215.70

Major Resistance Level: $236.97

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP fell by 0.48% on Friday. Partially reversing a 3.81% gain from Thursday, Ripples XRP ended the day at $0.23764.

Tracking the broader market, Ripples XRP rose to an early morning intraday high $0.24450 before hitting reverse.

Falling short of the first major resistance level at $0.2490, Ripples XRP slid to a mid-day intraday low $0.2290.

Steering clear of the first major support level at $0.2261, Ripples XRP recovered to $0.24 levels before falling back into the red.

At the time of writing, Ripples XRP was up by 0.28% to $0.23830. A mixed start to the day saw Ripples XRP rise to an early morning high $0.24144 before falling to a low $0.23660.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to break back through to $0.24 levels to support a run at the first major resistance level at $0.2451.

Support from the broader market would be needed, however, for Ripples XRP to break out from the morning high $0.24144.

Barring an extended crypto rally, the first major resistance levels would likely pin Ripples XRP back from $0.25 levels.

Failure to move back through to $0.24 levels could see Ripples XRP fall back into the red.

A fall back through to sub-$0.2370 levels would bring the first major support level at $0.2296 into play.

Barring an extended crypto sell-off, however, Ripples XRP should steer clear of sub-$0.22 levels on the day.

The second major support level at $0.2215 should limit any downside on the day.

Major Support Level: $0.2296

Major Resistance Level: $0.2451

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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EOS, Ethereum and Ripples XRP Daily Tech Analysis 29/02/20 - Yahoo Finance

Ethereum Holds above $220, Attempts to Break $238 Resistance – Coin Idol

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Feb 29, 2020 at 13:29 // News

The bulls have held onto the support at $216 for the past four days as Ether continues a gradual upward move. It appears the downward move has ended as the bulls approach the lower price range to push the price above it. The bears have earlier broken below it during the downtrend. Buyers will be on the path of recovery if the market is above the lower price range.

At the moment, price is making a gradual push to the range-bound zone. Unarguably, the bulls will create a buying opportunity, if the current price is pushed above $238 price level. Incidentally, the $238 and $286 is the price range where price has been fluctuating in a bid to penetrate the $286 overhead resistance. The price will move freely within the price range to retest the overhead resistance

The RSI period 14 has been falling while Ether was in a downward move. As Ethereum is rising the indicator has risen to level 47 of the daily RSI. This indicates that it is below the centerline 50. Ethereum is still in the downtrend and likely to fall.

Key Resistance Zones: $220, $240, $260

Key Support Zones: $160, $140, $120

Ethereum is currently in a bullish move. The bulls are likely to face resistance at $238. In August 2019, the bulls were resisted at the $238 price level. The downward move reaches a low of $160. It is expected that the bulls will break the $238 resistance. Ethereum will fall to a low of $197 if the bulls fail to break the resistance.

Disclaimer. This analysis and forecast are the personal opinions of the author are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.

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Ethereum Holds above $220, Attempts to Break $238 Resistance - Coin Idol

Ethereum Classic Collaborating With Chainlink on Oracles – Crypto Briefing

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Ethereum Classic Labs has announced that it is collaborating with Chainlink in order to bring decentralized oracles and external data to the Ethereum Classic blockchain.

As ETC Labs notes, Ethereum Classic and Ethereum cannot natively interact with data that exists outside of their respective blockchains. Blockchains are primarily useful for processing on-chain transactions, which must behave according to certain rules and overall blockchain consensus.

However, oracles like Chainlink allow blockchains to access external data in a secure way. Furthermore, the service acts as a decentralized oracle by relying on independent data providers and node operators.

The end result is that data provided by Chainlink is reliable, correct, and free from possible interferencesomething that is beneficial to developers on Ethereum Classic and other blockchains.

ETC Labs has not described what sort of applications it will develop with Chainlink.

However, it does suggest that oracles are useful when it comes to integrating blockchain with traditional payment systems, market data, and Internet of Things (IoT)-based insurance data.

Additionally, ETC Labs notes that price reference data is one service that Chainlink already provides. Chainlink expanded its price feeds to include 25 trading pairs in January, which will allow developers to make use of more reliable market data within their DApps and smart contracts.

Now, Ethereum Classic developers will be able to make use of that data.

ETC Labs has not explicitly stated that Chainlink will add ETC prices to its price reference feeds, but that does seem to be a likely outcome of the collaboration.

Chainlink has secured many other partnerships and attracted plenty of adoption in recent weeks.

Yesterday, Polkadot announced plans to use Chainlink as the main oracle system for its blockchain interoperability platform. Two days ago, Set Protocol added the LINK token as a listing on its trading platform, and it integrated its market price oracles as well.

Chainlink has also secured recent partnerships with the blockchain-based legal platform OpenLaw, the quantum-resistance project QANPlatform, and the hardware wallet company NGRAVE. The project has additionally brought on board ChorusOne and Staking Facilities as its latest node operators.

Because Chainlink is designed to work with and provide real-world data to multiple platforms, it is safe to say that it will announce many more similar partnerships in the future.

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Ethereum Classic Collaborating With Chainlink on Oracles - Crypto Briefing

Ethereum ProgPow Set for July Amid Heavy Opposition – Cryptonews

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Source: iStock/Photographer, Filmmaker, Designer

Ethereum core developers have announced rather suddenly that the long-discussed programmatic proof-of-work (ProgPoW) will be implemented as a part of the hard fork scheduled to follow the planned Berlin upgrade. This has once again split the community into different camps of opinion.

Two years after its proposal, criticized even by many Ethereum developers, ProgPoW will be arriving to Ethereum. Core developers have agreed during a call last Friday to go with the EIP 1962 (Ethereum Improvement Proposal) that will bring additional cryptographic functions, tentatively set for June 2020, with the ProgPoW hard fork following it three weeks later, in July 2020, bringing forth a new mining algorithm.

As a reminder, there's an ever-present fear of re-centralization of crypto, the cause of which some say could be the expansion of ASIC (application-specific integrated circuit) chips, which can mine cryptocurrency more efficiently than GPUs (graphics processing units) and CPUs (central processing units), but which are also so expensive that only the biggest companies can run them. Ethereum team's solution to this was agreeing to implement ASIC mining hardware resistance after testing the proposed code, so to effectively block ASIC chips usage with the update dubbed ProgPoW and replace it with GPU hardware, so that GPU mining remains competitive.

Meanwhile, ProgPow-related EIP 1057 states that the goal is "to resist the centralization of PoW [proof of work] mining power such that these coins couldnt be so easily manipulated by a few players." The proposal adds that the algorithm is not backwards compatible with the existing Ethash, that it will require a fork for adoption, and that the network hashrate will halve "since twice as much memory is loaded per hash."

On the other side stand many developers and ETH supporters who fear that this may result in exchanges running two versions of Ethereum, with the old and the new mining algorithm, which would mean a chain split on two blockchains with different mining rules. Other reasons against it include the opinion that core developers have too much power, as well as the unwillingness to "hold tokens of a chain that hard forks against the will of the majority of its users," as Gnosis founder and OpenEthereum maintainer Martin Kppelmann says.

James Hancock, Ethereum Hardfork Coordinator, believes that a split won't happen, stating in the call: "I have not seen any evidence that there is an ideological or people willing to step up and actually have a network split. If Im wrong Ill resign as hardfork coordinator."

Watch the latest reports by Block TV.

Meanwhile, Ethereum co-founder Vitalik Buterin criticized the way in which the decision was made. "It went from "phew, this thing is gone and has not been talked about for quite a while" to "OMG it's now SCHEDULED FOR THE NEXT HARDFORK???!" within the span of 1.5 hours," he writes.

Eric Conner, Gnosis product researcher and Ethereum advocate, argues that EIP should be discussed thoroughly on multiple forums, and that if "there is any hint of contention from a large set of community members," per EIP 1, that EIP "should die there." Conner refuses to run a ProgPoW version of Ethereum.

Others, like Ethereum core developer Hudson Jameson, and Igor Lilic, Principal Tech Lead at ConsenSys, are calling for a mature debate, as is part of the process, without targeting individuals.

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Learn more: Ethereum 2.0 Phase 0 'Certainly' Coming This Year, Deadline Unknown

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Ethereum ProgPow Set for July Amid Heavy Opposition - Cryptonews

Ethereum, Tron, EOS whales are propping up gambling dapps: report – Decrypt

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In brief

A new report out this week from DappRadar suggests that the top 10 highest-spending Ethereum, Tron, and EOS walletsthe so-called whales amongst usersare responsible for as much as 80% of the value of some top crypto gambling dapps.

DappRadar analyzes 976 gambling dapps as of the reports publication, with TRON, EOS, and Ethereum as the leading blockchains behind the top dapps. From January 2019 to January 2020, the site measured the percentage of total value generated from each dapps top 10 wallets across six games and found widely varying results.

TRON-based gambling dapps showed the largest disparity, with the value percentage contributed by whales dropping significantly over that span in RocketGame and 888Tron. Based on the charts provided by DappRadar, for example, RocketGame dropped from a high above 80% during 2019 to a low of under 25% contributed by the top 10 wallets as of January 2020.

The highlighted EOS and Ethereum-based gambling dapps showed more consistent value provided by whales, including EOS game BigGame and Ethereum-backed dice2.win.

The report suggests that a significant drop in whale-contributed value to games is not a good trend, as noted in the case of RocketGame. Overall, it notes that such heavy users may be easily swayed to other gambling dapps without steady development and added features to keep them playing.

As super-users of gambling dapps, whales are very sensitive to changes in dapp features and/or the opportunity to win large amounts, reads the report. In addition, whether or not they are actively in contact with each other, they are highly likely to act in unison to react to any changes in a dapp or the launch of a new dapp they consider offers better opportunities.

DappRadar points to TRON as having the largest user base in crypto gambling, although Ethereum is still the most popular blockchain for dapps overalla December report from the site pointed to 118% growth for the Ethereum app ecosystem in 2019.

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Ethereum, Tron, EOS whales are propping up gambling dapps: report - Decrypt

Ethereum Smart Contracts are 100X Faster on the EOS Network – TWJ News

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On 28th February, Daniel Larimer the founder of Block one and EOS network tweeted a video of Syed Jafri, Founder of the leading EOS block producer, in which he explains how developers can use the eosio.evm JS SDK to deploy the Ethereum Virtual Machine.

The results of which this was mind-blowing as Ethereum Smart Contracts deployed on EOS processed transactions 100 times faster.

ERC20 smart contracts running on the EVM on EOSIO processes at around 1000 TPS, while the average time it takes to process transactions on the Ethereum network is around 7-10 TPS. As compared to Etheruem, EOSIO makes transactions very efficient and scalable.

Jafri is a participant of EOSIOs challenge that started out on Feb 3rd and will go on for a year. In the challenge, participants have to create an EOSIO Smart Contract which can store and invoke EVM [Solidity] Smart Contracts in a virtual Ethereum-like environment.

The challenge enables developers in the EOSIO, Ethereum, and wider blockchain communities to use their preferred development platforms while leveraging the benefits of EOSIO. For example, EOSIO can process smart contracts faster, reducing the impact of a significant roadblock for developers. EOS Dev post

That said, Jafris solution could possibly be shortlisted for the price of 200K which Block. One decided to give the competition winner.

A Closer look at the problem

One of the most important and integral components of the Ethereum network is the Ethereum Virtual Machine [EVM] a quasi-turing complete 256-bit virtual machine. As EVM smart contract development has gradually improved, there has been ever-increasing sophistication to the DApp applications

While Ethereum has 2000+ dApps, EOS has less than 700 dApps built on it; adding up on reasons why EOS is looking for some help from the community. In the past few months, EOS has experienced a transaction capacity problem. This has resulted in congestion on the network, RAM and CPU prices have surged making it costly for new dApp developers to buy the necessary hardware.

As stated by EOS earlier, the compatibility with Ethereum will allow devs from multiple blockchain projects to leverage the fast speed of EOS transactions. Currently, EOS uses C++ along with web assembly as the core code for its smart contracts which is debated to provide better performance than Solidity, Ethereums native language.

Ethereum has the largest userbase in terms of being a decentralized platform for dApps and smart contracts but the blockchain has suffered numerous scalability issues. This has encouraged projects like EOS to solve the by imitating Ethereum environments to process Ethereum smart contract transactions as fast as they can.

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Ethereum Smart Contracts are 100X Faster on the EOS Network - TWJ News

Ethereum Price Analysis – ETH On The Verge Of Turning Bearish In the Short Term, Can The Bulls Defend $220? – CoinCodex

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Key highlights:

*Price at the time of writing

The tide has changed for Ethereumafter it rolled over from resistance at $277 this week and dropped by a steep 20% over the past 4 days of trading. The latest price drop was largely driven by the fact that Bitcoin was unable to overcome resistance at the $10,000 level andwent on to crash beneath the $8,800 level.

Ethereum did drop against Bitcoin, however, it was not as precipitous as the ETH/USD price decline.

Ethereum dropped beneath $250 and penetrated beneath strong support at $237 as it continued to fall to the current level of support at $221, provided by a short-term .5 Fibonacci Retracement level.

The cryptocurrency still remains the 2nd largest cryptocurrency as it holds a total market cap value of $24.44 billion.

Buy/Sell Ethereum (ETH)

How to buy Ethereum (ETH) on Binance

Since our last analysis, we can see that Etheruem went on to drop beneath the support at $256 that wasprovided by the short-term .236 Fibonacci Retracement level as ETH continued to plummet lower. It fell beneath support at $250, $240, $237 (.382 Fibonacci Retracement level) to reach the current support at $221, which is provided by a .5 Fibonacci Retracement level.

The coin has spiked even further beneath this level to reach as low as $210, but the bulls did manage to bring price action back above the aforementioned support. Despite this, the momentum is now certainly in strong favor of the bears and we can expect some further declines incoming, especially if we close beneath $221.

The break beneath $237 has put Ethereum in a slightly tricky situation as the previous consolidation pattern was broken. It is pretty much on the verge of turning bearish and a break beneath $221 will certainly confirm the bearish trend. If ETH does turn bearish, we can look for support at either $200 or $190 as the 100-day EMA and 200-day EMA liebetween these 2 levels.

To turn bullish, ETH would need to rise and climb back above the $280 resistance level. A break back above $247 would help keep the neutral trading condition active.

If the sellers do break beneath $221, the first level of support to look for is located at the downside 1.414 Fibonacci Extension level priced at $217. This is then followed up with support at $210 and $205.67, provided by the .618 Fibonacci Retracement level.

If the selling pressure continues to drive ETH/USD further beneath the support at $200, support is then found at $194 (100-day EMA) and $190 (200-day EMA).

Beneath $190, additional support is located at $180, $170, $166, and $150, althoughwe should not expect Ethereum to drop this low.

If the buyers can hold the support at $220 and allow for Ethereum to rebound, the first levelof resistance is located at $240. Above this, higher resistance will be found at $250, $260, and$268 (previous medium-term bearish .618 Fibonacci Retracement level).

Following a break of the resistance at $270, higher resistance is located at $276, $280, and $286 (2020 price high). If the buyers can create a fresh 2020 high, resistance can then be found at $290, $298 (long-term bearish .5 Fibonacci Retracement level), and $300.

The RSI has dipped beneath support at the 50 level, which shows the strong bearish momentum within the market. ETH is trying to stabilize after hitting the $220 support, but it certainly looks like the momentum will continue to drive ETH lower, perhaps to the $200 level.

A bullish crossover signal on the Stochastic RSI will be the first sign to show that the buyers are attempting to regroup in an attempt to push higher.

Taking a look at ETH/BTC above, we can see that the resistance at 0.0278 was too strong for the bulls, causingthe market to roll over and reverse. ETH went on to drop beneath support at 0.027 and 0.026 as it reaches the current support level at 0.0255, provided by a short-term .236 Fibonacci Retracement level.

The rollover into the 0.0255 support level has certainly turned ETH neutral. We are still a while from turning bearish as this would require a break beneath 0.023. To turn bullish, Ethereum would need to rise and break the strong 2020 resistance at 0.0278.

If the sellers break the current support at 0.0255, the next level of support is located at 0.025. Beneath this, additional support lies at 0.0242 (.382 Fibonacci Retracement level), 0.0239, and 0.0237 (downside 1.272 Fibonacci Extension level).

This is then followed by support at 0.0231 (.5 Fibonacci Retracement level) and 0.023. Beneath 0.023, support lies at 0.0225 (downside 1.618 Fibonacci Extension level), 0.0022 (.618 Fibonacci Retracement level), and 0.0218 (100-day EMA).

On the other hand, if the bulls can defend the support at 0.025 and rebound higher, resistance is located at 0.0261, provided by the bearish .618 Fibonacci Retracement level. This is followed by resistance at 0.027 and then at the 2020 high of 0.0278.

If the buyers can break this high, added resistance is located at 0.0288 (bearish .786 Fib Retracement), 0.0294 (1.272 Fib Extension), and 0.03.

At CoinCodex, we regularly publish price analysis articles focused on the top cryptocurrencies. Here's 3 of our most recent articles about the price of Ethereum:

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Ethereum Price Analysis - ETH On The Verge Of Turning Bearish In the Short Term, Can The Bulls Defend $220? - CoinCodex

Tron CEO Justin Sun Says He Holds Large Stacks of Ethereum and XRP, Reveals Bullish Bitcoin Price Prediction – The Daily Hodl

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Justin Sun is bullish on Bitcoin, XRP and Ethereum.

In a new interview on CNN, the founder of Tron, a billion-dollar decentralized blockchain platform, says he owns a diversified crypto portfolio.

Basically, Im a crypto believer, so I converted like all my assets in 2013. These days I only exchange the crypto to fiat if I need to spend money in my daily life I own lots of the XRP and the Ethereum too. Im a long-term believer [in] crypto, so I want all the crypto assets to succeed. Thats why I own lots of the other different cryptos as well.

Sun is also offering his views on the price of BTC in the long run.

I definitely believe Bitcoin will pass $100k in 2025. I believe maybe we can even achieve this price before 2025. At the same I time, I believe lots of the other cryptocurrency projects, like Tron, like Ethereum, like XRP I believe all [these] projects will also get into a bull market as well.

Sun says the Tron blockchain is an alternative to iOS and Android operating systems and offers users privacy advantages.

In the decentralized ecosystem, we are just the system builders. We dont control any user data. Privacy is all preserved by users themselves.

The Tron founder finally sat down with legendary investor Warren Buffet in early February. Sunwon a lunch date with Buffett last year after placing the winning bid for Buffetts annual charity auction. Sun says Buffett accepted his crypto gift of BTC and TRX, although he did not give him ETH.

Basically, Warren Buffett is a Bitcoin holder now.

Featured Image: Shutterstock/Frannyanne

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Tron CEO Justin Sun Says He Holds Large Stacks of Ethereum and XRP, Reveals Bullish Bitcoin Price Prediction - The Daily Hodl

Kickback pays you to attend virtual event on Ethereum – Decrypt

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In brief

Kickback held a virtual event on the Ethereum blockchain on February 15. Like any virtual event, attendees met in an online room and were able to interact with one another. But this time, they were rewarded for turning up.

Kickback is an event ticketing platform designed to encourage more people to go to events. Anyone who wants to go to an event must place a deposit using cryptocurrency. If they dont turn up, their deposit gets shared among the other attendees, meaning whoever does turn up, gets a little kickback.

Normally, Kickbacks events have been limited to meatspace. In Japan last year, it held several events, one on SpankChain CEO Ameen Soleimanis wacky Moloch DAO idea, one on the Ethereum stablecoin DAI and a good old fashioned whiskey tasting event. But it couldnt resist the lure of cyberspace.

I got two separate requests, one from our early request form and another is the conversation with the founder of TryRoll, Bradley, Inoue told Decrypt. (TryRoll is a form of social money, that lets you create a cryptocurrency with your name on it).

I was intrigued by their requests. It's a new world I was not aware of. But at the same time, it could be the perfect early adopters niche, he added.

Only the event wasnt easy to build.

There were two key bits of technology that Kickback needed to make this virtual event happen.

First, it needed an event space. But not just any online room would doit needed to be able to interact with the Ethereum blockchain (Kickbacks whole system runs on Ethereum). So Inoue elected to use CryptoVoxels, a virtual world literally built and run on the Ethereum blockchain itself.

Second, it needed some way of proving that attendees had turned up. Inoue looked to POAP, a proof-of-attendance protocol that uses Ethereum-based non-fungible tokens (NFTs) to mark attendance. When you turn up, you receive the unique token, proving that you were there.

So, to clarify:

Magic.

Going all in on blockchain did have some drawbacks.

Using POAP was a bit overkill because we had to manually place tokens and remove as they are claimed. It could be just replaced with Google Docs to collect Ethereum addresses, Inoue said.

He added that using NFTs are not necessary, but that they are good for moving Kickback towards a completely trustless system where its entirely run on the blockchain. And thats where the real reward will be.

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Tesla Model Prices, Photos, News, Reviews and Videos | Autoblog

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It's almost impossible to separate the audacious reality of Tesla, elevating the EV from an unsexy commuter appliance to a powerful and luxurious statement of success, from its indomitable founder, Elon Musk. The company, like the founder, thrives on publicity that raises the profile of the whole enterprise. The Model S was tipping point, since the earlier Roadster was a niche product, providing serious real-world range and a huge network of ultra-fast chargers; accomplishments no full-line automakers have fully rivaled to date. The Model X SUV with its novel falcon doors came next, and more recently, the Model 3. As of this writing, the Model 3 is in limited production and is experiencing some quality-control hiccups. If Model 3 production can ramp up as Musk expects, Telsa is poised to perhaps secure its future. Whatever Tesla's fate, its meteoric rise as a purveyor of fast, green American sedans and SUVs has been incredible.

Select a ModelModel 3Model SModel XModel YRoadster

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Is The Model Y Truly The Best Tesla Yet? – InsideEVs

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The best of the best?

Is it us or does Tesla just keep getting better? With every new vehicle launch, Tesla seems to continue to outdo itself. And we're not alone in that assessment. Andrew Erickson from the Youtube channel Tailosive EV recently posted a video explaining "Y the Model Y is the Best Tesla Yet", and we thought our readers might find in enjoyable.

With the launch of the Model Y just weeks away now, there's a lot of questions that will soon be answered.

How big of an effect will the Model Y have on Model 3 sales?

Will Model Y also cannibalize the Model X?

Will the Model Y become the number 1 selling tesla?

Is the Model Y a better Model 3, or is it just better for different uses?

Since the Model Y is basically a larger Model 3 with a hatchback instead of a trunk, will that many people defect from a Model 3 and pay the additional $4,000 for the added utility of a crossover? Erickson seems to think so. He thinks the added utility in the Model Y makes it the obvious choice as the best Tesla made to date.

Check out the video and let us know your thoughts. Is the Model Y going to be the new king of the Tesla lineup, or will the Model 3 hold off the initial wave of reservation holders and maintain the Tesla top sales crown? Well, at least until the Cybertruck hits the streets...

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A look at all the different Tesla models, including its Cybertruck – Fox Business

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Loup Ventures managing partner Gene Munster discusses his outlook for Apple shares, reservations being made by for Teslas new Cybertruck, and why Lyft is a better investment than Uber.

Despite the often quirky behavior of its chief executive officer Elon Musk, Tesla is a hot brand, and thats not just the opinion of eager fans waiting to hop into the Cybertruck.

The company looks good on paper, too.

While shares of the electric carmaker fell 7 percent early this week amid coronavirus concerns, its market cap is still larger than General Motors,FordandFiat-Chryslers. Its stock is up 125 percent on the year, including a 100 percent uptick in the past 3 months.

In its 2019 annual report, Tesla said it generated $24.6 billion in revenue, and the companys Tesla Model 3 made theConsumer Reportslist oftop cars for the first time.

The Model 3 isnt the only top car the brand has, though. Heres a look at the newest car for each of its models, including the starting price, MPGe and a few standout features.

This model comes with rear-wheel drive, autopilot mode and an immersive audio system.

Starting price: $41,190.

MPGe: Up to 148 city miles or 132 highway miles.

The Model S features heated front and rear seats and a panoramic glass roof.

Starting price: $81,190.

MPGe: Up to 115 city miles or 107 highway miles.

DRIVERS WITH EXPENSIVE CARS LESS LIKELY TO STOP FOR PEDESTRIANS

This model has all-wheel drive and touts a high-tech cabin with space for up to seven.

Starting price: $86,190.

MPGe: Up to 105 city miles or 98 highway miles.

WHAT ARE THE MOST DANGEROUS DRIVING STATES?

This one touts a driving range of 300 miles and can go from zero-to-60-mph in 3.5 seconds.

Starting price: $40,200.

MPGe: Up to 129 city miles or 112 highway miles.

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The popular Cybertruck has a scratch-proof exterior and can tow up to 14,000 pounds.

Starting price: $39,900.

The EPA has not released any official ratings.

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Power Line: Tesla’s solar slide, and the top battery industries – Business Insider – Business Insider

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Hello, and welcome to Power Line, a weekly clean-energy newsletter from Business Insider.

In two words: Not great.

But: Musk's firm saw a small bump in installations in the last three months of 2019.

So is the future bright for Tesla's solar business? We asked analysts for their perspective.

The good: "I think they have the opportunity to grow," Colin Rusch, an analyst at Oppenheimer & Co., said. He brought up the firm's brand strength and the potential advantage Tesla has through crossover sales (getting people who buy cars to also buy panels.)

The bad: "The likelihood that [Tesla's solar business] becomes as big as the EV business is difficult to see," Joe Osha, an analyst at JMP Securities, said. "I don't think anybody really thinks they can make a go for it in conventional panels." He also said the solar glass roof is "pie in the sky."

The worse: "The idea that they're going to explode in demand is, for lack of a better word, laughable," Gordon Johnson, an analyst at GLJ Research, said of Tesla's solar business.

Sunrun is the largest residential solar installer in the US. Sunrun

On Thursday, the rooftop solar giant Sunrun released its 2019 installation numbers, and they show the company's widening lead.

More than 90% of investors don't care about Tesla's solar business, Jeff Osborne, an analyst at Cowen, told me. They've got other interests namely, cars.

And that's good news, too, because

Who can even imagine that much money. It's larger than the GDP of Iran and Norway, for reference.

But it's coming, according to the research firm Lux Research. By 2035, the global battery market will grow to $546 billion in annual revenue.

We took a look at the six industries fueling that enormous growth.

You can see the full list here.

Shell is partnering with the Dutch gas company Gasunie and Groningen Seaports to build the world's largest green hydrogen plant. Lucy Nicholson/Reuters

The company is Shell and the hydrogen is green.

The news: On Thursday, Shell and a couple of partners announced they're planning to build the world's largest green hydrogen plant.

What's "green" hydrogen? Hydrogen gas made with an electrolyzer that's powered by renewable energy.

Why do we care? Hydrogen is a widely used industrial feedstock, and it's a clean fuel source. The problem is that most of it comes from fossil fuels.

Get all the deets here.

These are the people who are set to transform the energy sector through their company, role, or research. You can find details and the link to submit nominations here.

FYI: We're looking for individuals, not companies.

That's it! Stay safe, and have a great weekend.

- Benji

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Volvo Follows Tesla’s Lead on EVs by Building Its Own Batteries – Car and Driver

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Volvo is going electric. So is every other automaker. Compliance vehicles have morphed into huge initiatives, bold promises, and enormous investments. Volvo going electric isn't surprising or novel, but as a relatively small player in the automotive world, it's interesting to see Volvo following the lead of the biggest EV makers on the planet.

Currently, the battery packs in Volvo's hybrids are custom-built by LG Chem. The company is one of the main suppliers for a large number of automakers, including Tesla. But beginning with the companys first EV, the XC40 Recharge, its taking control of the hardware and software thatll power its small electric SUV.

"Starting with [battery-electric vehicles], it's a whole different ball game. The pack becomes part of the vehicle structure," said Ulrik Persson, Volvo's battery product manager. "We felt it was a strategic decision to take ownership of the component."

The battery pack is the most expensive component of an EV. For an automaker that has built its reputation on safety, being able to integrate it in-house without relying on a third party is paramount. The XC40 started as a gas-powered vehicle, and the company had to make major changes to make it as safe as a Volvo should be. That includes re-creating some of the space in the engine bay occupied by the now-gone engine with metal framing poking out from the EV equipment that resides there now.

Going forward, electrification will become a larger part of the company's offerings, with a goal to make 50 percent of its global sales be battery-electric vehicles by 2025. To accomplish that, it needs to appeal to drivers who have become accustomed to Tesla's ability to do constant over-the-air updates that, in some cases, extend their cars' range.

To achieve that, it's taking a page out of Tesla's book and working on its own battery algorithm. Like Tesla, it'll use data shared by customers driving their cars; based on that, the automaker will tweak its software to make its vehicles more efficient and then send that updated software out to electrified Volvos.

Gone are the days when a vehicle remained static after leaving the lot. Tesla changed what people expect from their vehicles, and to compete with them in the electric world, automakers like Volvo need to adapt. Its not cheap, though.

The automaker invested $60 million on battery lab at its Gothenburg, Sweden, headquarters. Here Volvo puts its packs and modules through rigorous testing. The first portion is complete at a price of $25 million, with the second area currently under construction. And there's available room for a third if it's needed.

In the lab, Volvo engineers are putting types of batteries through the paces. It sources two different battery types for its vehicles. For the China market, CATL supplies the automaker with cylindrical cells like the ones found in Teslas, while LG Chem supplies pouches for the rest of the markets.

It's an undertaking that should work well in Europe, where EV sales are growing. It might be a tough sell in the United States, however, where electric vehicles still make up a minuscule part of total sales. Some of that probably has to do with range anxiety. Sure, we dont drive 200 miles per day on average, but Americans still want to be able to accomplish that feat as easily in an EV as in a gas vehicle.

Tesla's claims to superior range is one reason its cars are a popular choice for many looking to make the switch. Volvo wants to re-create that phenomenon. Like everyone else in the market, it's behind the house that Elon built. But it's laying a good foundation as it makes its way into the neighborhood.

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Teslas Autopilot keeps causing its cars to crash – Vox.com

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Tesla is facing heat from federal officials following another fatal accident involving Autopilot. The National Transportation Safety Board (NTSB) recently found that Teslas semi-autonomous driving feature was partially to blame in a 2018 fatal car crash, adding yet another accident to the technologys already worrisome record. Whats even more concerning is that Tesla doesnt appear too interested in addressing these concerns.

That Teslas Autopilot has been implicated in a crash isnt new. In fact, after this investigation, NTSB chairman Robert Sumwalt pointed out that in 2017 his agency called on Tesla and five other carmakers to limit self-driving features and to build better technology to monitor drivers in semi-autonomous cars. Tesla is the only company that hasnt formally responded to those recommendations, though it did start warning drivers more quickly when they take their hands off the wheel.

But it seems the company is unwilling to address its self-driving technologys shortcomings or to ensure that its drivers properly understand what the Autopilot feature can and cant do. The NTSBs findings serve as a stark reminder that the federal government has a role to play in regulating these technologies, and furthermore, its light-touch approach doesnt seem to be working.

We urge Tesla to continue to work on improving Autopilot technology and for NHTSA to fulfill its oversight responsibility to ensure that corrective action is taken when necessary, Sumwalt told reporters. Its time to stop enabling drivers in any partially automated vehicle to pretend that they have driverless cars.

Heres the background: Two years ago, a 2017 Model X that had its Autopilot feature engaged was driving along a highway in Mountain View, California, when it struck a concrete barrier at a speed over 70 miles an hour. The crash was ultimately fatal for the driver, who died of injuries related to blunt force trauma.

After a months-long investigation, the agency identified seven safety issues related to the crash, including limitations to Teslas crash avoidance system and driver distraction. Among them, it appears that the driver was playing a game on an iPhone provided by his employer, Apple, and that he didnt notice when the Autopilot steered the electric vehicle off-course.

The Tesla Autopilot system did not provide an effective means of monitoring the drivers level of engagement with the driving task, and the timing of alerts and warnings was insufficient to elicit the drivers response to prevent the crash or mitigate its severity, reads the report. Tesla needs to develop applications that more effectively sense the drivers level of engagement and that alert drivers who are not engaged.

The board also found that Tesla needed a better system for avoiding collisions. Like many semi-autonomous driving systems, Teslas Autopilot can only detect and respond to situations that it is programmed and trained to deal with. In this case, the Tesla Model X software never detected a crash attenuator a barrier intended to reduce impact damage that was damaged and not in use at the time of the crash causing the car to accelerate.

Tesla didnt respond to Recodes request for comment by the time of publication.

So what happens now? Tesla has argued that its cars are safer than average vehicles, but these crashes keep happening, and fatal crashes involving Autopilot seem increasingly common. Meanwhile, Consumer Reports has continued to find issues with vehicles with these autonomous abilities. Last year, the organization reported that Autopilots Navigate feature could lag far behind a human drivers skills.

Security researchers have also said that it wouldnt take too much to trick these vehicles. Researchers have shown how placing stickers on the road could coax a Tesla into dangerously switching lanes while the Autopilot system was engaged. And last week, the computer security company McAfee released findings that a Tesla using the intelligent cruise control feature could be tricked into speeding by placing a small strip of electric tape onto speed limit signs.

Shortcomings like these are why its so important for drivers to pay attention. Nearly three years ago, the NTSB called for car companies implementing these autonomous systems like Autopilot to create better mechanisms for monitoring drivers while these tools are turned on, in part to alert them when they need to take control of the vehicle. Tesla is the only auto company of six that hasnt formally responded to the federal agency.

Meanwhile, research from the Insurance Institute for Highway Safety, a nonprofit thats supported by car insurance companies, found that drivers can misunderstand the autonomous capabilities of their vehicles, including Teslas Autopilot.

And Tesla is known for overstating its vehicles abilities. On and off in recent years, the company has described its cars as having full self-driving capabilities or has advertised that the vehicles have full self-driving hardware, despite the need for drivers to stay engaged while on the road. Whenever criticism over this sort of marketing language reaches a breaking point, however, Tesla has removed the language. The Tesla website currently paints a confusing picture of its cars capabilities:

All that marketing copy aside, a Tesla using the Autopilot feature is nowhere near a fully autonomous car. The issues that have cropped up around Autopilot have raised concerns about the new safety issues that self-driving vehicles could introduce. More importantly, these issues have bolstered demands for regulators to test this technology more stringently and hold carmakers accountable when they build dangerous tech.

Whether or not that will actually happen is unclear. The Trump administration has, in fact, encouraged federal agencies not to needlessly hamper innovation in artificial intelligence-based technology, and, earlier this year at the Consumer Electronics Show (CES) in Las Vegas, the Department of Transportation Secretary Elaine Chao announced new rules that are meant to standardize and propel the development of self-driving cars. Those rules wont do much good if companies leading the charge toward this futuristic technology, like Tesla, refuse to follow or even acknowledge them.

So its time for Tesla to do something different. At the very least, the company could answer government regulators calls to develop better ways to monitor drivers as it continues to improve its self-driving technology. Obviously, Autopilot doesnt live up to its name quite yet, so either the company fixes it, or it can risk endangering the lives of its drivers.

For now, please dont text and drive. Its dangerous. And if you own a Tesla, definitely dont text and drive or play a mobile game when youre using Autopilot. Thats potentially even more dangerous, since you might feel a false sense of security. Overestimating the abilities of technology like Autopilot puts your life and the lives of others at risk.

Open Sourced is made possible by Omidyar Network. All Open Sourced content is editorially independent and produced by our journalists.

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Tesla’s Autopilot Fatality Demonstrates That the World Isn’t Ready for Self-Driving Cars – Inc.

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Self-driving cars are sort of the holy grail of automobile manufacturing. Perhaps it's the futuristic allure of climbing into a vehicle that is able to transport you from point a to point b while you work, or take a nap, just enjoy the scenery. Or, maybe it's the idea that we'd all be more productive if we didn't have to waste time with tedious tasks like changing lanes, or navigating to an important meeting.

There's also, I suppose,an argument to be made that computers can (in theory) handle many of the functions of keeping a car safely on the road and moving in the right direction better than a human. Except, we're clearly not there yet.

The main findings of the report included the following:

The Tesla's Autopilot lane-keeping assist system steered the sport utility vehicle to the left into the neutral area of the gore, without providing an alert to the driver, due to limitations of the Tesla Autopilot vision system's processing software to accurately maintain the appropriate lane of travel.

The report also mentions that "Tesla's collision avoidance systems were not designed to, and did not, detect the crash attenuator at the end of the gore... consequently, the forward-collision warning system did not provide an alert and the automatic emergency braking did not activate."

As a result, the Model X collided with the attenuator and then crashed into two additional vehicles. The driver later died from blunt force trauma sustained in the accident.

To be fair, the problem isn't just the limitations of the autopilot capabilities. Another real problem is that drivers aren't ready to rely on those capabilities as a substitute for what they're supposed to be doing while they sit behind the wheel of a vehicle moving at more than 70 mph.

The NTSB was clear that its investigations "continue to show that the Tesla Autopilot system is being used by drivers outside the vehicle's operational design domain." Atthe same time, it criticizes Tesla for not limiting the conditions that Autopilot can be used.

Here's the problem: when you brand your driver assistance features 'Autopilot,' people assume that it's capable of more than it really is. Autopilot gives a sense that the car is able to drive itself. That's simply not true.

Tesla does offer additional features it describes as "Full Self-Driving Capability," but even those are only designed to control the vehicle in certain situations like while drivingon the highway. As a result, drivers make the mistake of believing their cars areable to handle situations the technology isn't ready for.

Or, even more importantly, we're just not yet ready for the technology.

Published on: Feb 27, 2020

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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Tesla's Autopilot Fatality Demonstrates That the World Isn't Ready for Self-Driving Cars - Inc.

Gene Munster On Apple’s Future, Tesla’s Valuation And The 2020 Election – Benzinga

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Loup Ventures managing partner Gene Munster recently joined PreMarket Prepco-host Joel Elconin for the lastest edition of the "Frontier Tech With Gene Munster" podcast.

Munster discussed the latest on tech stocks including Apple, Inc. (NASDAQ: AAPL) and Tesla, Inc. (NASDAQ: TSLA), along with the upcoming presidential election.

Apple is set up for long-term upside given its ability to bring hardware, software, and services together better than any other company, Munster said.

The use of technology obviously is only going to increase, and there are some very obvious areas that will be more profoundly impacted that Apple will have an impact on.

The Apple Watch and other hardware- and software-based products will impact awareness of health care, the research analyst-turned-venture capitalist told Elconin.

Another large addressable market for Apple is mobility.

"I think its safe to say those two areas, specifically around health care and mobility, are gonna be some of the most profound changes in how humans engage with tech and Apple probably has one of the best seats to capitalize on that,"Munster said.

Teslas stock still has room to grow, Munster said, but he still expects a few massive drops in the future.

I think there will be somepotentially massive drops in the stock. I can see it at a certain period being down $200, for example, but then I could see it coming back and being up to $400 in a short period of time, he said.

Tesla has already hit the mark for electrification and autonomy, Munster said.

Whats important about this is if you believe electrification and ultimately autonomy is the future, you have to find ways to play that and I think Tesla, despite its massive run-up and lack of profitability, still sits at the pole position of what will be massive markets of electrification and autonomy, and ultimately renewable energy, he said.

I'm still optimistic that there is room for upside.

Munster expects Tesla to reach a market cap of $250 billion, or almostdouble the current value of the company.

After the election, there will be speculation around the tech stocks, in Munster's view.

If the current administration does not change, there could be less risk than if the occupant of the White House does change, he said.

Munster named the following as three big tech stocks that could be affected by a Trump loss:

Listen to the full interview win the clip below:

Loup Ventures founder Gene Munster, left, and PreMarket Prep co-host Joel Elconin. Benzinga file photo by Dustin Blitchok.

2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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