Tron (TRX) Likely to Gain Control Over the Bulls

$0.019786 was the price at which Tron was traded on November 12, 2019, with the trend being an upward. On the same day, there was a fall of almost 3%, with TRX price reaching $0.019207. The price started to rise upwards, and it reached as high as $0.020302. With several sharp falls, it saw a drop of 6.32% the next day. The lowest price at which Tron was traded was $0.018287 yesterday.

Tron Price Prediction

If we compare the price of TRX coin since the trading value of yesterday, it is showing a bearish run by 4.17% currently. However, it looks like it may manage to rise upwards and reach its next resistance of $0.0187.

As per the present trend, we recommend holding some coins. The day’s range can be $0.0185 and $0.0187. Since past two days, the TRX coin has seen several rises and falls, and hence it is suggested to trade with a long-term plan. It may reach up to $0.020 in the upcoming months if it is able to maintain a consistent performance.

Tron Price

Tron’s Performance Remained Power Packed in Last 7 Days

  • Tron (TRX) experienced heavy pick-ups and drops during the week
  • The coin reflected huge potential amidst the fluctuating market

Tron has recently started reflecting price recovery. The coin was seen dropping to $0.014 during heavy market pressure in the last month. However, the coin is now dealing at $0.0195, and we are anticipating that the growth would sustain for some time.

Yesterday, Tron was seen dealing at a high of $0.02023 and dropping to a low of $0.01935. The volume of the coin is noted as $985,820,301. Let’s have look at the week-long chart of Tron to have a better understanding:

Tron Price Chart

The above-given chart of TRX coin is reflecting improvement in the price. On November 08, the coin was trading at $0.01949. The price closed at $0.1862 with 4.47% regression. The price jumped to $0.01897 by 1.87% on November 09. Further, Tron price picked jumped to $0.01943 by 5.44%. The currency suffered on November 11 as the TRX price counter was seen floating at $0.019090 by 1.77%. On November 12, the price jumped to $0.019740 by 3.40%. Yesterday, Tron price escalated to $0.02030 by 3.86%. Today, the currency is under huge pressure. The price is trading at $0.019500.

Tron Price Prediction

TRX coin holds high expectations of the traders to give a positive result in the future. The weekly chart is reflecting that the same might come true if Tron keeps the upsurge intact. Well, the story is totally different for the coin on the intraday chart. The price has crossed the immediate support level and is moving towards the next support level at $0.0190.

Resistance Level Price Support Level Price
R1 $0.020447 S1 $0.019568
R2 $0.020782 S2 $0.019024
R3 $0.021326 S3 $0.018689

The traders interested in Tron are recommended to go for short-term investment. The long-term seems a bit risky. Hence, we wouldn’t vote for the same.

Can Tron (TRX) Maintain Its Efficiency and Grow Further?

Tron price comparison since the past five days indicates that it is reflecting an uptrend today. It was priced at $0.019806 on November 8, 2019. On this day itself, there was a fall of 7.08%, with the coin being traded at lowest price of $0.018404. The TRX coin price continued to drop further until November 10, 2019. There was a growth of 5.60% despite the fall. There were few interim falls between November 11 and 12, but the coin was able to maintain its momentum.

Tron Price Prediction

Tron Price

Today, Tron shows an uptrend of 3.29% as compared to yesterday’s price. The same momentum is going to remain with TRX coin being traded at the price of $0.019563.

As per current movements, it is the best time to sell TRX coins, or you can hold the existing ones to gain better returns in the long run. It can be traded within $0.019 and $0.020 by the end of the day. If the Tron price continues to rise, the next major resistance level can be seen at $0.0204.

Resistance & Support Levels

R1: $0.019855, R2: $0.020097 and R3: $0.020483 S1: $0.019227, S2: $0.018841 and S3: $0.018599

Bitwise Appoints BNY Mellon as Bitcoin ETF’s Transfer Agent

Bitwise Asset Management appoints Bank of New York Mellon to be the administrator and transfer agent for its proposed Bitcoin ETF.

In the amended S1 form filed with the Securities and Exchange Commission on Wednesday, Bitwise named BNY Mellon as the administrator and ETF custodian, Foreside Fund Services as the marketing agent and Cohen & Co. as an auditor. However, Bitwise is yet to name a Bitcoin custodian, for safekeeping of the digital asset of the company.

As transfer agent, the role of BNY Mellon would be to exchange shares and respond to shareholders and also maintain accounts.

Bitwise and NYSE Arca sought the permission of the SEC to launch a bitcoin ETF in January 2019. After several delays, the market regulator is still to give its verdict on the application; the due date for any decision of the SEC is on October 13.

Earlier this week, SEC chairman Jay Clayton voiced his reservations regarding the approval of Bitcoin ETF, telling CNBC that questions around custody and market manipulation have yet to be resolved. To this, COO of Bitwise investment Teddy Fusaro replied by saying that “We continue to work towards answering all of the significant questions that the SEC needs to be answered before they are ready to approve a bitcoin ETF.”

Along with the filing of company names, Bitwise also proposed that the Bitcoin ETFs should be treated as a property for taxation. This opinion was seconded by Vedder Price P.C., a New York law firm.

BNY Mellon, a global investment company, basically deals with helping its clients manage their financial assets. Before being named by Bitwise to manage their digital asset, BNY Mellon has partnered with Intercontinental-backed Bakkt to facilitate their ‘private key storage for its Bitcoin futures contract.’

Bitwise Asset Management was founded in 2017 in San Francisco. They are a pioneer in the world of cryptocurrency, building the first-ever cryptocurrency index fund. They are also one of the leading providers of ‘rules-based exposure to the crypto asset space.’

Otonomo To Collaboration With Microsoft To Boost Up The Driving Experience

Otonomo, the leading automotive data service provider is going for a collaboration with the software giant Microsoft. This collaboration is focused on giving a boost to the driving experiences of future generations. More precisely, this collaboration will lead to building services beyond Microsoft Azure and MS connected vehicle platform.

Otonomo before signing the official collaboration deal with Microsoft has been unofficially exchanging ideas and visions with Microsoft. This is a much-needed collaboration to widen the horizon of automotive OEMs. It is expected to give a kick start to the adoption and optimization of such services that are based on automotive data.

Asaf Weisbrot, the Chief Commercial Officer at Otonomo, said that the global automakers are looking for more practical and scalable ways to innovate in the car. This collaboration with Microsoft will deliver that high demand service along with inbuilt data privacy protection to the automakers. He also added that through this collaboration, the connected car data could be easily plugged within Otonomo’s ecosystems. Here, the OEMs adoption of the connected vehicle platform of Microsoft plays a pivotal role in quickly rolling out connected car services. This collaboration is expected to provide new value and data privacy to the OEMs and the drivers and also to the other service providers.

As per the general manager of Azure, Tara Prakriya, “Car makers will benefit from Otonomo’s integration to Microsoft connected vehicle platform on Azure to enable easier data sharing and value creation options.”

Otonomo takes the data privacy and driver protection to the next level and this collaboration has helped Otonomo to leap further towards its accomplishments. With two of its capabilities, namely the Consent management Hub and the Dynamic Anonymization engine, Otonomo is all set to integrate with the Microsoft connected vehicle platform. The first one is a simple and straightforward process to grant/revoke permission to drivers for those services that make use of the personal automotive data. The second one applies to a set of more sophisticated anonymization technique to aggregate more applications without privacy-compromising.

Walmart, Tesla Decide to Resolve all Issues After Solar Panel Fires Lawsuit

Walmart and Tesla have decided to work together and resolve all related to solar installations at various Walmart stores. Earlier, the popular retailer filed a lawsuit in a bid to end a contract with Tesla after the panels caused fires on the rooftops of several stores in various states from the year 2012 to 2108.

Both the companies also said that they are now planning to re-energize Tesla solar installation at various Walmart stores soon after all the parties are sure that all issues have been addressed.

Things took a negative turn soon after three stores of Walmart caught fire in the year 2018, which forced Tesla to de-energize all the panels installed at the Walmart sites. Now both the parties are keen to resolve all the issues so that the panels can go back online as soon as possible.

Both the companies released a joint statement as well. Walmart and Tesla emphasized on pursuing a mutual goal of a sustainable energy future. Both companies have expressed their desire that each and every system must operate efficiently, safely, and reliably, as per the joint statement.

Earlier, the lawsuit filed by Walmart claimed that there have been some systematic concerns with installation and inspection of the panels by the electric carmaker. And, if the panels were put back online, they had the potential to jeopardize Walmart, its employees, and its property.

As per the lawsuit, Walmart had accused Tesla of recruiting untrained workers who put up substandard installations and displayed extreme incompetence or callousness or both. This prompted Walmart to ask Tesla for immediate removal of solar panels from more than 240 Walmart stores all across the States. The lawsuit further claimed that seven fires on Walmart’s rooftops were caused by Tesla’s solar panel systems. After ordering removal of solar panels from 240 stores, Walmart also sought damages caused by the fires stemmed from the panels.

However, things are better now between the two companies, and according to the retailer’s spokesperson, both the companies are actively trying to address all the issues to arrive at a resolution acceptable for both parties.

As of now, neither Walmart nor Tesla are keen to divulge the details of the negotiations. Earlier, Tesla CEO Elon Musk announced a fresh rental offering for solar power in his efforts to reboot the deteriorating renewable energy business.

Tron Price Analysis: Tron (TRX) price experiences heavy drop; Intraday recovery on the chart

  • Tron (TRX) price takes a deep dig in the intraday chart.
  • The day doesn’t seem to bring much change in the price of the coin.

Tron (TRX) price marked an escalation in the price from the last couple of days. However, the third quarter has brought disappointment for the traders. The coin dropped from $0.028 to $0.017. We were expecting that the ongoing month would embark the change, but the result is not satisfying.

We have reached almost towards the end of the month. We can only expect a slight improvement. The coming month carries a lot of hope. The month can increase the price of the coin and help it in regaining its momentum. For now, let’s read its current momentum in the market.

Current Statistics of Tron:

  • The coin is dealing at $0.017525.
  • The ROI is marked as 754.37%.
  • The market cap is noted as $1,168,610,919.
  • The 24hr volume is marked as $458,848,534.
  • The circulating supply is noted as 66,682,072,191 TRX.

TRX to USD Price Comparison:

The chart is taken from Trading View on 27th August 2019 at 04:03:23 UTC for price analysis:

Yesterday, the coin opened with a tremendous escalation of 2.63%. The opening price, $0.0175, jumped to $0.0179. The coin couldn’t catch up the uptrend after the same. The coin started falling and took the price to $0.0176 from $0.0179 by 1.47%. There was a slight recovery of 1.34% which changed the price from $0.0177 to $0.0179 by 1.34%. Later, the coin dropped from $0.0178 to $0.0175 by 1.60%. Today, the currency slipped from $0.0176 to $0.0174 by 1.64%. We can also observe a slight recovery on the chart.

Tron Price Prediction and Conclusion:

Tron is anticipated to have a flourishing time ahead. The current scenario might not be impressive, but the currency has a promising future. The coin is anticipated to close the year around $0.040. The traders can mark a change in the price of the Tron by 4% to 5%.

The currency would give the best result to the long term traders; thus it would be the perfect plan to execute.

Amazon, Microsoft, May Be Putting the World at Risk of “Killer Robots,” Warns Report

A global race to develop entirely autonomous weapon-systems, powered by AI, is on the brink of turning into a full-blown arms race: as predicted by a recent report from a Dutch peace group.

Tech-giants, namely Amazon, Microsoft, and Intel, among others, are most likely to be spearheading a worldwide AI arms race, affirms a recent report by PAX, a Dutch anti-war NGO. The report is based on a study that surveyed the most influential companies in today’s technology sector in order to identify their stances on lethal autonomous weapons.

The final report of this study has ranked as many as 50 organizations primarily based on three criteria: whether they have been developing any sort of technology that could be relevant to killer robots, whether they have been involved with military or related projects, and, also, if they have resolved to abstain from developing such technologies in the future. The report, after reviewing the activities of these 50 technology companies, suggests that the activities of 21 among them should be treated with “higher concern” considering their products’ implications towards the development of lethal autonomous weapons. Notably, among these are Amazon and Microsoft who are both reportedly bidding for a $10 billion Pentagon contract that would provide cloud infrastructure to the US military.

PAX’s investigation on autonomous weapons strongly argues that certain innovations in commercial AI, especially in the fields of facial recognition, ground robotics, and system integration, may have deep implications for the defense sector. Frank Slijper, the lead author of the aforesaid report, states, “Why are companies like Microsoft and Amazon not denying that they’re currently developing these highly controversial weapons, which could decide to kill people without direct human involvement?”

Lethal autonomous weapons, or “killer robots”, as they are described by PAX, have sparked a number of ethical debates in recent years. To delve deeper, these weapons are designed to autonomously select and engage targets with zero human intervention, or even control. On their own, these machines are even “unlikely to comply with the laws of warfare,” according to PAX.

AI-experts believe, their advent could certainly be called the “third revolution in warfare”—a successor to the invention of gunpowder and the creation of nuclear bombs. Any act of development of such technologies could even jeopardize matters of international security, critics warn.

“Lethal autonomous weapons raise abundant legal, security, as well as ethical concerns,” the PAX report says. As it further goes clarifying ways in which it could be immensely unethical to delegate the decision “over life and death” to a machine merely guided by a bunch of algorithms. PAX also foresees an “accountability vacuum” pertaining to improper or illegal acts.

EOS Price Analysis: EOS dominated by the bears at $4.16, can it change the scenario?

Let us compare price of the coin since our period of analysis which is 25-July-19. EOS was rising upwards and reflecting a bullish trend as on the said date. It had reached as high as $4.71 at 13:00 UTC time on 25-July-19. For the next 2 days, the coin did fall several times however was still maintaining an upward trend. There was a sharp fall on 27-July-19 which proved to be crucial for the coin as post that it has started to fall downwards. On the next day i.e. 28-July-19 again there was a major fall and prices reached all-time low of $3.89 at 22:45 UTC time. Since 28-July-19, the coin is moving at more or less the same pace. We anticipate that the bearish trend may continue for the coin for few more days’ post which there can be a turnaround.

EOS price comparison is as mentioned below:

Current Data of EOS:

  • Ranking of EOS is maintained at number 8.
  • As per 05:00 UTC time today, market value of the coin was 3,850,573,600 USD.
  • The price of EOS is $4.16 as per 05:18 UTC time.
  • 24-hour volume figures are $1,574,650,063.
  • 925,318,538 EOS coins in circulation.
  • EOS offers a ROI of 304.35%.

EOS Price Comparison and Future prediction:

If we compare the price of EOS since the highest value of $4.71 and today’s prices the coin is reflecting a bearish trend by 11%. We believe that EOS has the ability to bounce back and can reach $4.17 after about a week or so once it gains back its momentum. By the next month, it may be traded at around $4.26. EOS can reach all time high of $5.02 with more than 20% growth by the end of the year 2019.

Conclusion:

As per the present movement, it is recommended to sell the coins today. You can also purchase new EOS coins and if you are able to retain the same for a minimum of 1 and more years, the returns offered by the coin would be great. The Chaikin Money Flow indicator also points that the present trend of the coin is a bearish one. EOS will definitely bounce back and change the present scenario in a couple of days as the coin has the required potential to shine again.

United States Secretary of the Treasury Steven Mnuchin Believes Bitcoin will be Irrelevant Within 10 years

Trump’s administration had remained silent on Bitcoin and cryptocurrencies challenges for a long time after assuming office. Now, finally, the US president’s administration seems to take the crypto industry seriously. The US government is planning how to address it from a regulatory perspective.

During an interview with CNBC on Wednesday, Steven Mnuchin, the US secretary of the treasury, responded on emerging technology cryptocurrency.

While in July, the US president also shared his outlook on Twitter, mentioning his dislike for the cryptocurrency. Steven Mnuchin also stated that the emerging technology cryptocurrency is a risk to the US national security if used illegally.

Now, once again, he commented on the cryptocurrency saying,

“I can assure you I will personally not be loaded up on bitcoin in 10 years. I would bet even in five to six years I won’t even be talking about bitcoin as Treasury Secretary.”

The recent view of US Treasure Secretary does not explain his unique regulatory guidelines.

Recently, Mnuchin said that the regulators of the US are examining the crypto industry, and more regulation policies are in progress.

Mnuchin further told:

“We’re looking at all of the crypto assets… We’re going to make sure we have a unified approach, and my guess is that there are going to be more regulations that come out from all these agencies.”

In order to avoid financial-based crimes, the US secretary has asked the US Financial Crimes Enforcement Network (FinCEN) and the US Financial Action Task Force (FATF) to create regulations that will maintain digital currencies at the top level.

The agencies, namely Securities and Exchange Commission and the Commodity Futures Trading Commission both have tried to implement existing financial regulatory policy to the crypto-asset industry.

Mnuchin once again raised concern over the cryptocurrency in an interview. He mentioned that regulators were worried about cryptocurrencies such as Bitcoin and other altcoins were used for illegal intentions and that financial officials were determined to sort it out.

While on July 18th, Mnuchin accidentally stated that fiat currencies are not instruments for money launderers, although bitcoin and other crypto transaction of worth million dollars are performed for illegal purpose.

Earlier, Facebook revealed about the launch of its crypto coin Libra in 2020. From then onwards, more financial authorities from the world raised concern over the financial objective of Facebook. After which political members started focusing more on Bitcoin and another crypto asset.

Mnuchin later mentioned in the interview that he believes the dollar is the major currency across the world. ‘It’s in our interest. We want to maintain it.”

According to Mnuchin future of cryptocurrency is gloomy and he continues to support the dollar.