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Dash could be a hidden treasure in the market – Robert Wiecko’s interview at the Moscow Conference

Sthuthie Murthy

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Dash could be a hidden treasure in the market - Robert Wiecko's interview at the Moscow Conference
Source: MaxPixel

The Chief Operations Officer of Dash, Robert Wiecko attended an interview at the Moscow Conference on April 17th where he opened up about patents, Dash, and its current placement in the market.

Tweet by DASH

Tweet by DASH

The interview began with his opinion about the dynamics of the market and how faster Dash is or rather about how the speed and development can be compared with other cryptocurrencies.

He considers the dynamics and developments within the team as massive. The team has set up a proper legal set to actually review their work with legal advisors. They filed the defensive patent recently so they can start winning their results from now. Following which they have published many demos on all their social media channels.

He said:

“users can expect some minor releases on the dashboard, site and after that evolution, I can probably see the dynamics comparing it to the other crypto coins quite good. Frankly speaking, I don’t follow too many projects so it is really difficult to compare to every project in the space. However, I think, within the time, space and area that we are going to cover, we are and will be quiet dynamic.”

Robert’s comments on the importance of patents to Dash:

“People need to realise that those are defensive patents so they just release them not to get everything from the community but, it actually is the other way. We are giving everything to the community, we just don’t want this work to be hijacked. He wants everybody to be appreciated and to be recognized for their hard work in his team.”

Dash is currently trading at $446.31 after a significant volume gain of 22.6% over the week with a market cap of $3.5 billion as seen at 10:45 AM UTC. At present, the coin is trending at the 12th position on the market list.

Robert also mentioned in the end that his development team will soon release details about the upcoming project portfolios and some minor updates. In a few months, they have their biggest event release lined up for which the details will be updated soon too.

He only hinted regulations and said he wants the release to be a surprise for the community and will leave the discussion regarding the surprise release at that point, just to be sure that he won’t leak any more information.

Brian Kelly, a Dash enthusiast says:

“Dash and its team are always underrated, I dunno why. Guys buck up! its a huge race out there and I know u can do it even better than them. So please bring some new innovations and adoptions to Dash. Awaiting it! Good Luck guys, the big release will take us high.”



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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

Altcoins

Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency fails to climb on the bull after price stays locked down

Akash Anand

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Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency fails to climb the bull after price stay locked down
Source: Unsplash

The cryptocurrency market’s bearish woes do not seem to have waned with several popular coins seeing a continuous price downturn. Bitcoin [BTC], XRP, and Ethereum [ETH] have only enjoyed sporadic bullish spikes with a definite control being exerted by the bear.

1-hour

The one-hour BTC chart shows the gradual drop in prices. The support has been holding at $3214.17 while the resistance is maintained at $4160.21. The recent downtrend took the prices down from $3558.58 to $3367.97.

The Relative Strength Index shows a slight spike towards the overbought zone. This means that the buying pressure is increasing slightly more than the selling pressure.

The Bollinger band shows a clear divergence with the upper band and the lower band indicating an imminent sideways price movement.

The Parabolic SAR has been predominantly bearish with the markers staying above the markers. At the time, the SAR indicators were below the price candles which is a bullish sign.

1-day

The one-day chart for Bitcoin does not paint a better picture for the cryptocurrency with no uptrends in sight. The long-term support has been holding at3346.6 while the recent downtrend saw the price fall from $6262.97 to $3408.

The MACD indicator shows the MACD line and the signal line moving as a conjoined pair. Other than the bearish dip, the MACD histogram has been undergoing a lull.

The Chaikin Money Flow indicator is just below the zero line, which is a sign of the money flowing out of the market being more than the money coming into the market.

Conclusion

The above-mentioned indicators all point to an extended bear run with the prices still being clamped below the $4000 mark. With the year coming to a close, the predicted bull run does not seem to be occurring anytime soon.

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Binance Coin [BNB] takes off by 11.31%; ERC20 uniswap bug affecting BNB users, but CZ says funds are SAFU

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Binance Coin [BNB] takes off by 11.31%; ERC20 uniswap bug affecting BNB users, but CZ says funds are SAFU
Source: Unsplash

Binance Coin [BNB], in the 24-hour time frame, has spiked by a massive 11.31% leaving other Bitcoin [BTC], Ethereum [ETH], XRP, and other cryptocurrencies to eat dust amid the doom-December.

In the 24-hour time frame, the BNB coin started trading at $4.63 with a market cap of $605 million on December 11, 16:30 UTC. The price dipped to $4.59 within a couple of hours but didn’t stay there for long as the prices saw four significant spikes.

Source: CoinMarketCap

The first spike propelled the price to $4.90 while market cap increased by $34 million, this was followed by a correction of prices to $4.83.

The prices couldn’t reach the $5 mark as the prices exhausted at $4.97. The third spike which was followed after the correction also lost the strength and ended up at $4.97.

The most significant rise was the one that took place on December 12, 16:10 UTC which propelled the prices beyond the $5 mark as it reached $5.15. The market cap also took a huge bump and reached $675 million.

The price fluctuation could be attributed to two reasons, the first being the launch of Binance DEX, which will swap the ERC20 token, BNB from Ethereum platform to Binance blockchain, which was announced by Binance and CZ.

It could also be due to a bug that was tweeted out by a Twitter user Uniswap.

The tweet stated:

“1/ WARNING: BNB providers

Due to a bug in the binance BNB contract it’s possible to add liquidity to the Uniswap BNB<>ETH liquidity pool but not remove it.

This bug is a variation on the “missing return value” ERC20 bug which affects several tokens.”

CZ replied to this tweet:

“Nothing new here. If you send token to a contract address, you won’t get it back. Just like if you send tokens to an address you don’t control for no reason, or a (valid formatted) address no one controls, you won’t have a way to get it back.”

CZ eventually being the humble person he is, tweeted out saying that people who had lost tokens due to this would recieve BNB from Binance.

CZ replied in subsequent tweets about this bug.

“Protecting users is not just talk. It requires action. Stay #SAFU!”

“One guy actually made quite a bit of profit out of his honest mistake. He sent it when it was cheap, and got it back when it was a big multiple.”

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