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ReddCoin Leads DEFCON29 Blockchain Village Event to Educational Track Contest Success

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13th August 2021, Las Vegas, NM — Redd successfully demonstrated blockchain technology and decentralized apps at the world-famous security conference DEFCON29 and BlockchainVillage.net to bring “ReddID” and the cryptocurrency, ReddCoin (RDD), to the world’s foremost collection of security experts. 

DEFCON Blockchain Event

At DEFCON, Redd held a “Capture-The-Flag” style b hackathon event aimed at exploring, discovering, and exposing the world’s first decentralized cryptocurrency name registration and social tipping product to talented and motivated security experts of all kinds. Prizes were awarded in RDD, the native cryptocurrency of the ReddCoin ecosystem, as well as ETH-based NFTs allocated to those achieving the highest scores. The original version of ReddID as a self-contained and customized target was made available for the event and was tested with an open security challenge to all.

The Blockchain Village is very excited to announce that Reddcoin was selected to be the first to participate in a brand new Blockchain Village Educational Track. The Educational Track @BCoS Village presents DEFCON attendees an opportunity to prove their learning skills through “Capture The Flag” style educational content specifically focused on blockchain and cryptocurrency.

First Crypto Project at DEFCON

The theme of this year’s DEFCON event is “Integrity”, and the in-person event was held at Paris, Las Vegas, Nervada, from August 6th – 8th, 2021. Redd is proud to be the first cryptocurrency project presented at this event and welcomes any and all hackers, techies, creatives, blockchain and crypto fans, or anyone else to join our ReddHead community and learn more about the technology and philosophy that underlies our projects’ efforts. 

Project Redd

Project Redd, started as a social movement and philosophical guide that emerged from ReddCoin (RDD) the cryptocurrency. There is now a new unique PoSVv2 (Proof-of-Stake-Velocity version 2) consensus staking protocol, allowing for self-empowerment on the project, individual and movement levels simultaneously. Anyone interested in joining the movement and helping build Redd’s future, is encouraged to visit the DEFCON & blockchainvillage.net event for insight into RDD, ReddID, or be in the chance to win prizes and some insanely interesting content from all of the presenters and speakers.

Blockchain Technology has changed not only the way we transact value but also the way we look at security. Out of many distinguished features, the distributed Ledger is one of the most powerful concepts brought forward by Blockchains, which has moved the trust from a conventional trusted third party and put it in a trust-less distributed system. 

This year at Blockchain Village brings back the Capture-The-Coin contest running in parallel with more hands-on workshops (Mathematical and Practical) along with cutting edge Talks-n-Tools, noteworthy Demos-n-Discussions, all focused on security of Blockchains and Distributed Applications. 

Join Redd at DEFCON 29 as we celebrate the power and potential of Distributed applications, enabled by Blockchain technology.

ReddCoin Socials 

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Source: https://btcmanager.com/reddcoin-leads-defcon29-blockchain-village-event-to-educational-track-contest-success/

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Sellers hold the aces in Ethereum Classic’s market, but it might not be game over

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

There hasn’t been much interest from retail traders in Ethereum Classic’s market. As a result, low volatility has kept the price restricted within the channel of $53.8 and $60.6 over the past week and a half. However, ETC has been taking shape within a symmetrical triangle. It presented chances of an incoming price swing.

Considering the current market dynamics, sellers can be expected to tip the scales in their favor, but a bullish argument also seems justifiable. At the time of writing, ETC was valued at $57.7, down by a marginal 0.5% over the last 24 hours.

Ethereum Classic 4-hour Chart

Source: ETC/USD, TradingView

A series of lower highs and higher lows gave rise to a symmetrical triangle on ETC’s 4-hour chart. The pattern was considered bearish in this situation since it took shape right after 7 September’s drawdown. Moreover, sellers would face the easier task of triggering a breakdown from this setup. The daily 20 and 50 Simple Moving Average lines ran bearish as momentum aided the bears.

If the price does break below the lower trendline, a 13% decline would be possible towards the $48-mark. A close under $53.5 would confirm such an outcome.

On the other hand, a few of ETC’s indicators seemed to disagree with such a prediction. If the triangle functions as a reversal pattern, ETC would eye a 7% hike to 8 August’s swing high of $63.4. A close above $59 on relatively stronger volumes would heighten the chances of a bullish prediction.

Reasoning 

A look at ETC’s On Balance Volume painted a rather concerning picture. Based on its recent trajectory, there has been a dearth of buying pressure in the market, with sellers maintaining an advantage. However, a few other indicators seemed to disagree.

Higher lows were observed on the RSI after it recovered from an overbought reading 10 days ago. The index even managed to climb above 60 recently – A sign that the market was strengthening.

Such a trajectory was also seen on the MACD. The index climbed towards the half-line, although momentum was flat over the past few sessions.

Conclusion

As ETC oscillated within a symmetrical triangle, its indicators flashed mixed signals and a breakout in either direction can be expected at this point. Although chances of a downwards move seemed higher, a bullish outcome cannot be discounted.

Traders should keep an eye on the aforementioned levels to get a better understanding of where ETC is heading.

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Source: https://ambcrypto.com/sellers-hold-the-aces-in-ethereum-classics-market-but-it-might-not-be-game-over

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MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

Rate this post MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA. Past Performance On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76. https://www.tradingview.com/x/UKThRKwE/ MIOTA Technical Analysis At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal. The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token. The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength. Day-Ahead and Tomorrow  As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46. On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

The post MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily appeared first on Cryptoknowmics-Crypto News and Media Platform.

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MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA.

Past Performance

On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76.

TradingView Chart

MIOTA Technical Analysis

At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal.

The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token.

The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength.

Day-Ahead and Tomorrow 

As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46.

On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

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Source: https://www.cryptoknowmics.com/news/miota-technical-analysis-trading-above-the-support-level-of-1-41-tested-the-level-twice-daily/

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SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run

SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run

Rate this post According to Sia’s whitepaper, its long-term goal is to compete against existing storage solutions. It considers itself to be in direct competition with cloud storage providers like Amazon, Google, and Microsoft. Sia (SC) can offer storage rates competitively because of its decentralized nature. Files on the Sia network can be divided into 30 encrypted segments. Each segment is uploaded to a different host for redundancy. Smart contracts are used to enforce agreements between hosts and uploaders. Siacoin is the payment method on the network. Renters pay hosts using SC, and hosts lock SC in smart contracts to secure it. Skynet, the company behind Siacoin and Siastream, has announced a number of products that are built on top of Sia’s network. These include SiaStream, a cloud-based media streaming app, and the Skynet network, its flagship content delivery network and file-sharing network. The company has received grants and funding from Paradigm, Bain Capital Ventures, and INBlockchain in several rounds. Each storage-related transaction on Sianet is subject to a 3.9% charge. This fee is paid to Siafund holders — Skynet owns approximately 85%. Past Performance of SC SC coin price faces rejection from a crucial resistance level of $0.025. This projects the possibility of a downtrend if the price fails to sustain above the $0.013 support level. On September 06, 2021, Siacoin opened at $0.024. On September 12, 2021, the price closed at $0.019. Thus, in the past week, the Siacoin price fell by approximately 22.50%. Source – Tradingview SC Technical Analysis At the time of writing, the SC coin price is trading at $0.01806 with a decline of 4.36% in the past 24 hours. The growth in underlying bearishness projects the increased possibility of a downfall. Source – Tradingview The recent rejection from the $0.025 resistance results in the formation of the bearish engulfing candlestick. This may briefly cause a downfall with a follow-through. In the daily chart, the SC token price consolidates below the $0.020 level that may soon give a decisive breakout. However, in the case of a bearish turn, the solid support level of $0.0080 might be able to reverse the trend. As the support level has been able to reverse the bearish attack twice in the last 3 months. As per the price action, the coin price may find resistance near $0.025 and $0.030. And the support levels are at $0.010 and $0.0080. The exponential moving averages of 50, 100, and 200-days move sideways as the price consolidates below the 50-day EMA and close to the 100-day EMA. The 200-day EMA might be able to provide the push to increase the bullish pressure. Currently, the RSI indicator is resting at 46% as it projects a draw between bullish and bearish powers. The slope of RSI is moving sideways within the neutral zone. The breakout of RSI from the range of 50%-43% may decide the future trend. Day-Ahead and Tomorrow As per Siacoin cryptocurrency’s technical analysis, the trend is bearish but may soon find demand near the crucial support levels that are in close proximity. Moreover, the ongoing accumulation phase may give a bullish breakout. Hence, investors might want to wait till a decisive trend is in action.

The post SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run appeared first on Cryptoknowmics-Crypto News and Media Platform.

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According to Sia’s whitepaper, its long-term goal is to compete against existing storage solutions. It considers itself to be in direct competition with cloud storage providers like Amazon, Google, and Microsoft. Sia (SC) can offer storage rates competitively because of its decentralized nature.

Files on the Sia network can be divided into 30 encrypted segments. Each segment is uploaded to a different host for redundancy. Smart contracts are used to enforce agreements between hosts and uploaders. Siacoin is the payment method on the network. Renters pay hosts using SC, and hosts lock SC in smart contracts to secure it.

Skynet, the company behind Siacoin and Siastream, has announced a number of products that are built on top of Sia’s network. These include SiaStream, a cloud-based media streaming app, and the Skynet network, its flagship content delivery network and file-sharing network.

The company has received grants and funding from Paradigm, Bain Capital Ventures, and INBlockchain in several rounds. Each storage-related transaction on Sianet is subject to a 3.9% charge. This fee is paid to Siafund holders — Skynet owns approximately 85%.

Past Performance of SC

SC coin price faces rejection from a crucial resistance level of $0.025. This projects the possibility of a downtrend if the price fails to sustain above the $0.013 support level.

On September 06, 2021, Siacoin opened at $0.024. On September 12, 2021, the price closed at $0.019. Thus, in the past week, the Siacoin price fell by approximately 22.50%.

SC Technical Analysis

At the time of writing, the SC coin price is trading at $0.01806 with a decline of 4.36% in the past 24 hours. The growth in underlying bearishness projects the increased possibility of a downfall.

The recent rejection from the $0.025 resistance results in the formation of the bearish engulfing candlestick. This may briefly cause a downfall with a follow-through.

In the daily chart, the SC token price consolidates below the $0.020 level that may soon give a decisive breakout. However, in the case of a bearish turn, the solid support level of $0.0080 might be able to reverse the trend. As the support level has been able to reverse the bearish attack twice in the last 3 months.

As per the price action, the coin price may find resistance near $0.025 and $0.030. And the support levels are at $0.010 and $0.0080.

The exponential moving averages of 50, 100, and 200-days move sideways as the price consolidates below the 50-day EMA and close to the 100-day EMA. The 200-day EMA might be able to provide the push to increase the bullish pressure.

Currently, the RSI indicator is resting at 46% as it projects a draw between bullish and bearish powers. The slope of RSI is moving sideways within the neutral zone. The breakout of RSI from the range of 50%-43% may decide the future trend.

Day-Ahead and Tomorrow

As per Siacoin cryptocurrency’s technical analysis, the trend is bearish but may soon find demand near the crucial support levels that are in close proximity. Moreover, the ongoing accumulation phase may give a bullish breakout. Hence, investors might want to wait till a decisive trend is in action.

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Source: https://www.cryptoknowmics.com/news/sc-technical-analysis-hold-through-the-fall-for-upcoming-bull-run/

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