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Polkadot Rises Impressively and Embraced Support at $7

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Polkadot has recorded an impressive surge recently and it can gain support at $7. It has been eyeing a breakout for the past few days, especially after it has seen the price movement of the crypto market on Monday, January 11, 2020. As it can gain support at $7, a rebound took place within the descending parallel channel. 

Polkadot has faced a major challenge at the upper boundary and there, it strolled upwards. Along with this, 50 Simple Moving Average was recorded at the 4-hour chart. Now the momentum doesn’t seem to stop as the token is increasing massively, which has even dominated recent Bitcoin’s recovery. 

Polkadot Is About to Hit $12

After gaining support at $7, Polkadot can shatter several other resistance levels, which includes $10 and $11. It is now preparing to overcome another hurdle, which is $12 and is expecting to reach this level very soon. As soon as it will be able to pass the resistance level at $12, it will move towards a higher target of $15. 

Currently, the Relative Strength Index is in the overbought region. Any asset can easily rally in this region but there is a huge risk of a drastic correction. 

High Trading Volume Indicated

According to several market analysts, Polkadot’s trading volume is increasing to a very great extent, and many times, such huge trading volumes indicate a completely bearish signal. Currently, the bulls seem to establish a higher support level. In case, the correction takes place, it will be at the $10 level. If the resistance level goes below this, then the token will again enter into the descending channel. Nothing could be said at the moment as a lot has been happening in the crypto market and this token is showing mixed signals, which might make different circumstances.

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#50 Simple Moving Average #Embraced Support at $7 #High Trading Volume #Polkadot #Relative Strength Index

Source: https://www.cryptoknowmics.com/news/polkadot-rises-impressively-and-embraced-support-at-7

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How Utopia (Crypton) Ushers in The Next Era Of Cryptocurrency Mining

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In the current cryptocurrency landscape, there are many different ways to generate new assets and secure networks. Furthermore, the traditional mining approach may soon be a thing of the past due to growing energy consumption concerns. Therefore, to make cryptocurrency mainstream, more favorable and accessible mining solutions need to be explored.

Cryptocurrency Mining Needs To Evolve

It is no secret that mining Bitcoin is a costly undertaking. This concept is not unique to Bitcoin either, as other public blockchains are facing similar issues. Per AsicMinerValue, there are plenty of machines that can turn a decent profit when mining. However, most of these machines require a steep upfront investment, and there are electricity costs to take into account. For most people, mining cryptocurrency with specialized hardware isn’t worth it.

When it comes to acquiring this specialized hardware, one has to consider numerous factors. Buying the machine themselves is often only possible in bulk, creating a significant barrier. Moreover, one needs the space and room to handle these heat-producing machines and their noise levels. Even if all of that is taken care of, these machines often draw between 1 and 2.5 KwH from the wall every hour. Without access to renewable or cheap electricity, there will be little or no profit to speak of.

Rather than maintaining this unfair status quo, it is better to explore alternative cryptocurrency mining options. As consumers have access to many low-power devices that are small computers – tablets, smartphones, and even laptops – it is essential to leverage the potential of such devices. Before that can happen, developers need to develop alternative consensus algorithms capable of making crypto mining more accessible and less financially draining.

Why Utopia and their e-currency (Crypton) Is Different

Over the years, there have been a few alternative options to “mine” cryptocurrency. All of these algorithms still require input and effort by the user but far less expensive hardware resources to make a meaningful impact. Decentralized currencies should be for the people by the people, and not just for those select few with enough money to burn.

For those who prefer an even more hands-off approach, the Utopia ecosystem can prove worthwhile. It, too, leverages a separate software solution – the Utopia Mining Bot – to let users mine the Crypton cryptocurrency. All users need to do is deliberately instill the mining tool and earn rewards through the Proof-of-Stake mechanism. When the bot is running, it provides an extra network service by making all transactions confidential. Running the bot will require a constant internet connection, and opting for a VPS is a viable approach.

Unlike traditional cryptocurrencies – where mining software is part of the core client – Utopia deliberately separates the two aspects. Users can support and use the network without mining Crypton, yet those who prefer to do so can explore the option by downloading the separate application. It is not mandatory to do so, yet giving users an option to do so is a form of empowerment.

As there can be unlimited numbers of bots on the networks, users are free to spin up multiple instances themselves. This is also a bit different from most crypto networks, where one can usually run one or two nodes, but not an unlimited amount without making upfront investments. In essence, Crypton is the most accessible and affordable way to begin cryptocurrency mining today.

The approach by Utopia creates a more than viable alternative to traditional cryptocurrency mining. Making this concept more approachable and accessible will prove beneficial to thousands, if not millions, who want to regain financial control.

Source: https://bitcoinist.com/how-utopia-crypton-ushers-in-the-next-era-of-cryptocurrency-mining/?utm_source=rss&utm_medium=rss&utm_campaign=how-utopia-crypton-ushers-in-the-next-era-of-cryptocurrency-mining

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SEC Draws Condemnation For Further Delays To Bitcoin ETF Approval

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The U.S Securities and Exchange Commission (SEC) has delayed its decision to approve the VanEck Bitcoin ETF application for a second time.

In explaining the outcome, the securities regulator raised concerns to do with market manipulation. However, Wednesday’s filing also mentioned it would take more time to garner public opinion on the matter.

As things stand, there are no 100% pureplay Bitcoin ETFs in existence in the U.S. But this hasn’t been for lack of trying. Data from Bloomberg shows there have been 17 applications since 2013, with the majority being filed in 2021.

Bitcoin and Ethereum ETF applications

Source: @DocumentingBTC on Twitter.com

Commentators have slammed the decision saying the U.S continues to fall behind crypto innovation when they could lead the charge.

Bitcoin ETFs Explained

ETFs are an investment vehicle tracking the performance of a particular asset or group of assets. They enable investors to diversify without owning the underlying assets themselves.

For individuals wishing to gain BTC exposure without the hassle of becoming “crypto-savvy,” a Bitcoin ETF is the ideal solution.

ETFs are advantageous because they circumvent the need to custody Bitcoin. Considering the security issues associated with cryptocurrency, this is appealing for some. Also, BTC ETFs avoid visiting a cryptocurrency exchange, which can be an intimidating place for novices.

Taking this into account, it’s clear that ETFs are geared towards everyday, non-crypto investors, i.e., the majority of people.

For that reason, the non-approval of a U.S Bitcoin ETF is damaging to the industry insofar as limiting the volume of capital inflows.

Speaking to CNBC last week, SEC Chair Gary Gensler stated in no uncertain terms where he lies on the matter of a Bitcoin ETF:

“I’m not going to get into any one filing, but let me say, investors should be aware, I’m saying this in my own voice, that the underlying Bitcoin cash markets, there’s not the robust oversight that you have in the stock markets or in the derivatives markets.

Our sister agency oversees Bitcoin futures, but those underlying cash markets do not have those investor protections.”

Brazil BTC ETF Launches Soon

In March, the Brazilian Securities and Exchange Commission (CVM) approved QR Capital’s ETF application, thereby green lighting the country’s first Bitcoin ETF.

It will trade under the ticker symbol “QBTC11” on the São Paulo-based B3 Stock Exchange.

Global Future Council of Cryptocurrencies at the World Economic Forum member Rosine Kadaman said the ETF approval is a significant moment for Brazil. Adding that, buying Bitcoin will now be as easy as buying stocks.

“… now there will be another option for investing in bitcoin in a regulated environment.”

QR Capital Founder and CEO Fernando Carvalho anticipates demand for the ETF will be staggering, with much of it coming from international investors.

QBTC11 launches on Wednesday, June 23.

Source: https://bitcoinist.com/sec-draws-condemnation-for-further-delays-to-bitcoin-etf-approval/?utm_source=rss&utm_medium=rss&utm_campaign=sec-draws-condemnation-for-further-delays-to-bitcoin-etf-approval

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Apparel manufacturers reduce chargebacks with thermal printers

Footwear, apparel, consumer electronics, and other consumer goods manufacturers and suppliers can incur tens… Read more »

The post Apparel manufacturers reduce chargebacks with thermal printers appeared first on Logistics Business® Magazine.

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Logistics BusinessApparel manufacturers reduce chargebacks with thermal printers

Footwear, apparel, consumer electronics, and other consumer goods manufacturers and suppliers can incur tens of thousands of dollars in chargebacks per year solely from shipping carton barcodes that do not meet specifications. Strict barcode requirements set forth by the International Standards Organization (ISO) must be met, and accuracy is imperative.

Using TSC thermal industrial printers with integrated barcode inspection systems, manufacturers can scan and grade their barcode labels before they are placed onto shipping cartons, reducing chargebacks and enhancing efficiency. Keep reading to learn more about how our thermal printers deliver these results.

High-Volume DCs, Razor-Thin Margins

Major retailers receive hundreds of pallets every hour in each of their distribution centres from dozens of manufacturers. And these retailers run a business model on razor-thin margins. Processing time must be quick and efficient. If an incoming carton’s barcode label can’t be read quickly and easily, then processing time grows and productivity is hampered.

Retailers can require that all vendors produce barcodes that meet strict ISO barcode standards to ensure swift processing of incoming shipments. Manual processing of barcodes costs retailers a significant amount of time and money. Suppliers with barcode- labels that fail to meet required standards could be hit with chargeback fees and may even have their entire shipment rejected. Consistent failure to meet ISO barcode standards could result in renegotiation or cancellation of a supplier’s contract.

Scanning and grading labels before they are placed onto the shipping carton empowers vendors to quickly and easily test and ensure accurate barcodes. Testing barcodes before shipments leave the facility to retail distribution centres is the most reliable way for apparel manufacturers to avoid hefty chargebacks and other issues that could affect their bottom line.

Consistent barcode testing and quality can be achieved using the Printronix Auto ID T8000 and T6000e ODV-2D barcode inspection printers, which come equipped with scanning solutions inside the printer’s footprint. Because the scanner is integrated with the printer controller, there is no need for an external PC, software, or the creation of a “golden image” of the label to produce accurate, ISO-compliant labels. This means:

  • Simplified verification without the need for external scanners
  • Lower costs since no additional software investment is required
  • Expedited quality using built-in printer scanners that automatically find and grade up to 50 barcodes per label

The integrated scanner grades to ISO standards and verifies that each barcode’s data sent to the printer matches the printed barcode. Reading barcodes from a wide variety of data streams, including PostScript and PDF, the integrated scanner finds, verifies, grades, and reports the details of every barcode on every label through the Printronix Auto ID free, standard device management software PrintNET Enterprise. These reports can be exported for integration or stored in the host system to help defend against chargebacks.

There is no need to define requirements in a software program, change the data stream, or set up and use external attachments. Printronix Auto ID industrial printers can get up and running quickly. These printers automatically overstrike bad labels, reducing costly manual processes while improving quality, reducing the risk of chargebacks for non-compliant labels.

Reduce chargebacks with the Printronix Auto ID T8000 and T6000e industrial printers. Featuring ODV-2D barcode inspection technology, TSC says these printers are loaded with benefits that enhance barcode compliance and quality, all at a competitive price.

Source: https://www.logisticsbusiness.com/packaging-green-logistics/packaging-labelling/apparel-manufacturers-reduce-chargebacks-thermal-printers/

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