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Ethereum Classic [ETC] launches the Emerald Wallet v0.10.0 Candidate 4 version

Arjun B

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Bitcoin Cash [BCH]'s details of the new upgrade
Source: Wikimedia Commons

On Monday 7th May 2018, ETCDEV team had released the Emerald Wallet v0.10.0 Candidate 4 version and its free and ready to download option from Github. With this update, they have fixed two major bugs like pending transactions which would not be stored in local storage anymore. With the update, epool.io remote endpoint bug has also been fixed.

ETCDEV team has declared that they have made the following improvements:

  • Address book functionality has been improved
  • There is a new UI design
  • UX features a new two-step transaction sending wizard
  • The Source code has been cleaned up
  • Removed and the unused smart contract functionality has been fixed
  • ‘FontAwesame’ icons have been replaced by Emerald Icons from emerald-js-ui package

ETCDEV Team is referred to as an independent team of software professionals, developers, and engineers who all work together on the core Ethereum Classic projects. The Emerald Wallet or the Ethereum Wallet is the new project the ETCDEV team has been developing.

Classic Geth is a main client for the Ethereum Classic [ETC] blockchain and they have contributed a lot to the original projects like the ‘Emerald Platform’ to help other users to develop on the ETC blockchain. The emerald wallet is now ready the for the end users. SputnikVM is a standalone, modular, embeddable implementation of an Ethereum Virtual Machine which is been maintained by the team at ETCDEV.

Ethereum Classic is the public blockchain-based distributed computing platform which is an open source cryptocurrency. Ethereum is featuring a smart contract functionality in its blockchain. ETC is a complete decentralized cryptocurrency which has been forked from Ethereum.

The Ethereum Virtual Machine [EVM] can work on scripts while using an international network of public nodes. Ethereum Classic also provides another value token called classic Ether. Classic Ether can be transferred between different traders. Ethereum Classic can be used a store of value in the cryptocurrency wallets such as the newly released Emerald wallet.

The team at ETCDEV has given out a tweet stating:

“No new coin being created. Store ETC in any ETC compatible wallet, but if you use a full node, make sure you’re using latest version to avoid problems with the network”

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Altcoins

Litecoin [LTC] Technical Analysis: Bearish market ensues as sideways movement persists

Namrata Shukla

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Litecoin [LTC] Technical Analysis: Bearish market ensues as sideways movement continues
Source: Pixabay

Litecoin [LTC], the ninth-largest coin on the CoinMarketCap list, has been under the attack of the bear for the past few weeks. With the market being constantly attacked by the bear, the coins don’t seem to have a safe haven.

According to CoinMarketCap, the coin was trading at $24.41 with a market cap $1.45 billion. The coin registered a 24-hour trade volume of $388 million, however, the coin plunged by 1.19% over the past seven days.

1-hour

Source: Trading view

Source: Trading view

According to the one-hour chart, the coin registered a downtrend from $31.68 to $23.69. The coin also noted a minimal uptrend from $23.30 to $25.14. There was an immediate resistance provided at $24.24 and a support at $22.77, which increased by $22.96.

Awesome Oscillator indicates a bullish market, but with a fading momentum.

MACD line is seen over the signal line, marking a bullish market.

Relative Strength Index indicates that the buying and selling pressure are evening each other out.

1-day

Source: Trading view

Source: Trading view

The one-day chart of the coin indicated a downtrend from $82.22 to $55.88 which further extends to $33.34. However, no significant uptrend was noticed. There was a strong resistance seen at $55.88 and a strong support was provided at $23.91.

Bollinger Bands appear to diverge, meaning the price volatility will increase. The moving average line appears to be above the candlesticks, indicating a bearish market.

Parabolic SAR too, marks a bearish market as the marker lines are above the candles.

Chaikin Money Flow is in line with other indicators in pointing towards a bearish trend.

Conclusion

According to indicators Bollinger bands and CMF, the bear has a firm hold on the market. However, with the constant rise and falls in the market, this could change anytime.

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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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