Binance DEX: New video demonstrates how decentralized Exchange works

Binance is pushing ahead with the development of its decentralized Exchange (DEX). In a video, an Exchange developer demonstrates how the new platform works. Sending and receiving Binance Coins (NBBs) is therefore already working flawlessly.

The crypto community has high expectations of the development of a functioning decentralized exchange. Although BISQ and BitShares already work on paper, they are not yet accessible to a wide audience. A hot candidate for the breakthrough of decentralized Bitcoin exchanges is Binance DEX. In August of this year, Binance CEO Changpeng Zhao announced the development of DEX in a first teaser via YouTube.

Since then, the crypto community has been holding big plays on the Binance DEX. After all, Binance has been the world’s largest crypto exchange in terms of trading volume since the beginning of 2018. The user base of its DEX could therefore be correspondingly high, heralding a new chapter for trading in crypto currencies such as Bitcoin.

New Bitcoin formula preview demonstrates functionality

So now the Bitcoin formula company is releasing a new teaser. In the seven-minute video, one of the developers shows, among other things, how to create a wallet and then carries out a transaction with NBB. This is relevant because the DEX is based on the Binance Blockchain, where BNB acts as the native token.

What makes decentralized Exchanges so special?
DEX is almost a holy grail for crypto adaptation. Well-known Bitcoin bulls like John McAfee even bind their exorbitant price forecasts to the power of decentralized stock exchanges.

John McAfee Believes Decentralized Exchanges Will Take Over Crypto Trading
Security expert and cryptocurrency personality John McAfee believes centralized exchanges will soon go extinct, with decentralized exchanges (DEX) set to take over the cryptocurrency market.

What is the Bitcoin trader behind the DEX phenomenon?

The most important Bitcoin trader is probably the elimination of the so-called Single Point of Failure. Read more about it: https://www.forexaktuell.com/en/bitcoin-trader-scam/ Since users no longer have to deposit their liquid crypto assets on the servers of the stock exchanges, but can store them on the Exchange block chain, DEX are largely protected against hacking attacks. Instead of creating an account, users create a full crypto wallet and thus control their own private key. DEX are therefore less a platform than a decentralised protocol on which equal investors can trade without the stock exchange having to fulfil a fiduciary function.

The launch of Binance DEX is planned for the first quarter of 2019.

If you would like to get an overview of the pros and cons of decentralized exchanges, take a look at our DEX 101.

Crypto-Anarchy: “… then they fight you, then you win”

Crypto currencies have not yet arrived in the middle of society. However, we can already see that they will no longer disappear into the depths of the Internet where they came from. This realisation seems to be slowly coming to fruition in the established financial world as well – and the treasury is also awakening.

How do you intend to combat Bitcoin news?

If you look closely, you will slowly see movement on the regulator side on onlinebetrug.de. The EU adopts requirements for crypto exchanges according to which customer data must be stored for up to 10 years. The financial authority in Japan, FSA, does not grant licenses to Exchanges that have listed private Bitcoin news. The pretext for regulation is to prevent money laundering and terrorist financing. They want to gradually de-anonymise crypto currencies in order to bring the new technology under control. The fight against decentralised technology has begun.

The dirty Bitcoin news

Even though the first purchase with Bitcoin news today (22.5.2018) eight years ago was two pizzas, the use of digital money did not remain so innocent for long. On the Darknet Market “Silk Road” one could buy all possible (and impossible) things almost one year later: https://www.forexaktuell.com/en/bitcoin-news-trader-scam/ Drugs, weapons and other illegal goods were available for sale. All this happened via the Internet – or rather Darknet – without any state control. Even after the Silk Road was spectacularly exposed and stopped, trade in illegal goods could not be stopped. Similar to the heads of the Hydra in Greek mythology, new pages simply grew out of the Internet. The market could not be stopped.

Nevertheless, one often hears the argument that such markets should not be allowed. This statement implies a bureaucracy capable of keeping the economy under control. In other words, what is required is a monetary system which, in addition to its function as a means of payment, also assigns control over it to a central authority. Control means being able to see and allocate all payment flows, censor payments if necessary or even completely freeze/close accounts. Means of payment that are outside this control must not be permitted. This demand should not be accepted lightly, as it represents a massive intervention by the state in the economy and in the privacy of the individual.

SegWit activation: What should I consider?

There is currently a certain tension and uncertainty in the Bitcoin community about how the network will decide about Bitcoin in the coming weeks.

The community is heading straight for a significant change in the Bitcoin system and at least a temporary solution to the Bitcoin scaling debate. SegWit2x and SegWit have long since lost the Emergent Consensus. According to current CoinDance figures, SegWit2x stands at 83.9%, SegWit at 45.6% and Emergent Consensus currently receives support of 39.3%.

Both proposals, SegWit (BIP141) and SegWit2x, aim at an activation of SegWit in the Bitcoin network. Tense mood. However, the effects of the SegWit UASF (User Activated Softfork) on August 1 could be more far-reaching than “just” increasing the efficiency of the Bitcoin network.

When the UASF comes into force on August 1, the Bitcoin trader network could be divided

From this date, most node operators will activate the SegWit UASF and thus reject all blocks that do not signal SegWit support. So if the majority of miners do not signal SegWit support by BIP148 by August 1st, the Bitcoin trader blockchain would split. Then there would be two different Bitcoins: https://www.geldplus.net/en/bitcoin-trader-review/

The good news: Each bit coin would be copied to both block chains in case of a splitting of the block chain. If you are in possession of the private keys, you first have both coins. X Coins A and X Coins B.

The bad news: Such a split can become a problem for users, depending on how the individual online exchanges and wallet providers have prepared for such a possible scenario. So you should also prepare yourself.

What does a crypto trader need to keep in mind?

Basically, as in any other case, crypto trader should be in possession of the private keys. With the keys you always have full control over your Bitcoins. A Ledger hardware wallet, for example, would be a way to get your private keys, which are then stored on the hardware wallet and not on any online exchange. Who has his coins on an online wallet is not in possession of his private keys and therefore does not have full control! Since the hardware wallets are currently heavily poisoned due to the high demand, crypto trader can also reach for a paper wallet.

In addition, you should only invest as much money as you can cope with losing, and this applies to any investments that are risky.

And very important: keep calm. Even if it currently seems rather unlikely that the network will be split directly by means of a hard fork, it represents a possible scenario.

By and large, the activation of SegWit can be considered a major milestone. Even if opinions differ here, there is some movement, because the current transaction fees and transaction times must not become a permanent state.

What is Europe doing?

After the decision on Thursday, many eyes will also turn to Europe. Is the old world following suit and abandoning the principle of net neutrality in favour of competition with American corporations?

At present there is a regulation in force in Germany and in all EU Member States which only allows a few exceptions to net neutrality. The ‘zero rating’ of streaming services, for example, allows loading without loss or data volume. The principle itself, however, is repeatedly invoked by political decision-makers, including in the election programmes of the German parties currently struggling for the upper hand.

That is at least the fear of critical Bitcoin news

Furthermore, Andris Ansip, Vice President of the EU Commission responsible for the Bitcoin news, reassured on Twitter that “We will continue to protect net neutrality in Europe”. A spokeswoman for the Ministry of Economic Affairs also referred to the continuing European legal framework as a scam.

Nevertheless, critics now fear that exceptions such as the zero rating could be extended to Europe in the future. The fact that the American changes will be “indirectly felt” is due, for example, to the increased market power of the US company, says Klaus Müller, Chairman of the Federation of German Consumer Organisations, to ARD. Anyone who wants to be competitive in the future must therefore follow suit.

Consequences for Bitcoin formula and crypto currencies?

Criticism of the FCC hangelt it not least also from the booming scene around crypto currencies and their miracle child Bitcoin formula. This is due to the fact that, especially in times of astronomical prices and unprecedented media attention, transaction exchanges depend on high data volumes, fast data flow and processing without delay.

Without a valid legal framework that guarantees net neutrality, network operators and Internet providers could in future have the possibility of throttling the flow of data precisely where high user activity restricts net quality elsewhere – and this is particularly the case with crypto exchanges.

“The dissolution of network neutrality can pose a threat to Bitcoin miners and merchants by allowing network operators to restrict access to Bitcoin and

ABCC receives sponsorship of Delta Summit and reaches Top 5 in Google Play

ABCC is a cryptotrading platform equipped with a team of international industry experts. ABCC was founded with the goal of providing a smooth, user-friendly trading experience. The company also focuses on helping investors identify interesting blockchain assets and provides a secure online trading platform with professional trading services.

Since its inception, ABCC has attracted global interest from investors and crypto currency experts around the world. The commitment of the ABCC team and consultants shows how successfully the company has grown and reached every single milestone: from the introduction of ABCC itself to the introduction of the ABCC Token (AT), from the ABCC Membership Program to the ABCC Cloud.

The mining performance since the release of the AT tokens on July 9, 2018 continues to be extraordinarily successful, the trading volume once rose to 5th place of all coins and continues to rise continuously.

ABCC: free listing for Bitcoin profit

The successful launch of ABCC’s free listing via community voting is another important step for the Bitcoin profit company. The experienced ABCC team takes all necessary steps to evaluate each blockchain project. Project qualification reviews, political risk and other background checks made by onlinebetrug are carried out to ensure that the listed projects have great potential and are committed to long-term performance, which in turn helps to minimise users’ investment risk.

The ABCC team will rigorously review each blockchain project it deems appropriate. The data collected will then be checked for validity. The ABCC team invites all projects that pass the preliminary review to a detailed discussion. Strict due diligence is carried out with regard to the creditworthiness of the blockchain project. Qualified projects on the ABCC platform will then be shortlisted.

ABCC has not only managed to eliminate the ICO guesswork, but also to convey a sense of security through the verification process conducted by a trusted team of professional “crypto gurus”. This gives new investors and all ABCC users access to a shortlist of ICOs with significant potential and a large community of like-minded people to support them in word and deed.

Delta Summit 2018 about Bitcoin profit in Malta

With the growing interest of investors in the Digital Asset Exchange platform, ABCC opens its first Bitcoin profit expansion to Europe. The Delta Summit will take place on 3 and 5 October 2018 in Malta. ABCC will also be there and is one of the main sponsors of the Bitcoin profit Delta Summit along with Binance and OKEx.

The Summit will be a platform where investors and experts can share their experiences with the industry audience. It offers an excellent opportunity to be part of an exclusive crowd of crypto experts, investors and blockchain enthusiasts. The Summit also provides an exciting opportunity for crypto enthusiasts to connect and learn about the latest developments in the blockchain industry.

The Delta Malt Summit will showcase innovative, new and some exceptional start-ups in the crypto universe, as well as top-class keynote speakers.

Ethereum (ETH) – Course analysis KW17 – Course shortly before Cup-and-Handle-Pattern

The upward trend of last week could be continued. On 24 April, the Ethereum price reached its monthly high of 580.90 euros. Although the price dropped to below 500 Euro in between, it was able to rebound on the uptrend and continues this trend. The price is about to form a cup-and-handle formation.

The Ethereum price rose this week

Another rally lifted the price to 580.90 euros. After the price was overbought, it tested the upward trend, could bounce off it and now rises again.

Overall, the assessment is bullish. Most important support and possible stop loss is 542.72 Euro, first resistance is 580.90 Euro.

The crypto spring is also noticeable at Ethereum. The targets stated last week were all reached and even outbid. The rally came to a temporary end at 580.90 euros and an overbought RSI, which led to a test of the upward trend. However, the share price bounced off this test and has been rising since then. Currently, a cup-and-handle pattern seems to be forming to confirm this, but Ethereum still has to rise to 580.90 Euro.

The MACD (second panel from above) is positive and recently rising again. The MACD line (blue) is above the signal (orange). The RSI is at 64 and thus bullish. Overall, the situation is bullish according to the price, trend and indicators.

Support and Resistance

The first support is at 542.72 Euros and is described by the recently breached plateau. Further support is described by the uptrend, which coincides with the exponential moving average EMA50 and yesterday’s correction at 507.07 Euro.

The first resistance is described by the monthly maximum to date and is at 580.90 Euro. Should the price overcome this level, a further resistance would be described by the resistance tested in mid-March at around 600 euros.

Entry Points, Stop Losses and Targets
Currently a long position offers itself, with which as stop Loss the support with 542.72 euro is selected. The first target would be at 580.90 Euro and the second at 599.97 Euro. In principle, one could bet on the Cup-and-Handle pattern after overcoming the first mentioned resistance, but one should strictly look at the RSI – should it be overbought, one would be advised to realize some profits and rather use a consolidation for a re-entry.

If, despite the bullish outlook, the price falls below the stop loss, the support provided by the uptrend can be observed and can be a possible re-entry point.

Disclaimer: The price estimates presented on this page are not recommendations to buy or sell. They are merely an analyst’s assessment.