Ripple price failed to hold the key $0.2850 support and extended its decline against the US dollar.The price is currently correcting higher, but it is likely to face sellers near $0.2850 and $0.2880.This week’s followed key bullish trend line was breached with support near $0.2855 is intact on the hourly chart of the XRP/USD pair (data source from Kraken).The price is now facing a strong resistance near the $0.2860 and $0.2880 levels.Ripple price is struggling to hold gains against the US Dollar and Looking at the chart, ripple price seems to be struggling to clear the $0.2850 resistance. If the bulls continue to face resistance near $0.2860 and $0.2850, the price could resume its decline. Conversely, a successful break above $0.2860 may perhaps push the price towards the $0.2920 level in the near term.Technical IndicatorsHourly MACD – The MACD for XRP/USD is struggling to stay in the bullish zone.Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just above the 40 level.Major Support Levels – $0.2800, $0.2780 and $0.2750.Major Resistance Levels – $0.2850, $0.2860 and $0.2920.
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Author: Aayush Jindal
Ethereum price extended its decline and broke the $175 support area against the US Dollar.Bitcoin price is also down more than 3% and it broke the $8,000 support area.Yesterday’s highlighted key bearish trend line is intact with resistance near $175 on the hourly chart of ETH/USD (data feed via Kraken).The pair remains in a bearish zone and it could face resistance near $175 and $180 in the near term.Ethereum price is under selling pressure versus the US Dollar, similar to Looking at the chart, Ethereum price is trading in a bearish zone below the $180 resistance and the 100 hourly SMA. If there is an upside correction, the price is likely to face a strong resistance near the $180 and $185 levels. Therefore, there are high chances of more downsides below $170 in the coming sessions.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is about to move into the bearish zone.Hourly RSI – The RSI for ETH/USD is now well below the 50 level, with a flat structure.Major Support Level – $170Major Resistance Level – $180
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Author: Aayush Jindal
The team calls their creation BILL-E, short for Bipedal Isotropic Lattice Locomoting Explorer — and, yes, it’s named after WALL-E. Each one looks like a small arm, with a hinge at the middle that gives the robot its signature inchworm-like gait. At both ends of the arm, BILL-E features tools for clamping down on structures the team has termed “voxels.” Cute though it may be, BIIL-E isn’t the breakthrough here; it’s the relationship it has with the voxel structures mentioned above.
“You can’t separate the robot from the structure — they work together as a system,” one of the researchers involved in the project, Professor Neil Gershenfeld, told MIT News. What the voxels allow BILL-E to do is navigate 3D space without a complex system of cameras, sensors and algorithms. Instead, it can keep track of its position by simply counting its steps on whatever structure it’s tasked with building. This relationship BILL-E has with the building blocks it uses to create structures has led the team at MIT to describe it as a “relative robot.” It also makes it more affordable to make than the specialized robots you see at factories, while also being more capable than a robot made with off-the-shelf components.
What’s more, BILL-E’s navigation system is easily scalable to include additional units. The software allows multiple BILL-E units to build a structure together without getting in each other’s way. Another benefit of the system is how easy it makes repairs. To fix something it built, all a BILL-E unit has to do is replace any broken or damaged voxels with new ones. This capability makes the robot a natural fit for things like space stations and spacecraft since multiple BILL-E units could “live” on the structure, moving to repair it as needed.
Like with any new technology, it’ll probably be a while before we see BILL-E assembling buildings. That said, the project has already garnered interest from some heavyweights. NASA, for instance, collaborated on the robot, and one of the companies that provided financial support was aircraft manufacturer Airbus.
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Author: Team E-crypto News
A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins.
17% of Polled Students Have Had Investments in Crypto
China has a mixed attitude towards cryptocurrencies in general. On the one hand, the government in Beijing effectively expelled coin offering projects and major exchanges out of the mainland. On the other, the crypto mining industry is allowed to thrive in certain regions in the country with cheap, abundant energy in optimal climatic conditions. Plans for a digital yuan are also moving forward with the People’s Bank of China recently hiring six crypto experts.
Unlike authorities, however, the Chinese people have been embracing decentralized currencies with much less hesitation and for obvious reasons – not only the utility they bring but also their censorship resistance. The poll confirms that the young and tech savvy have predominantly positive expectations about the future of the crypto space and are the most eager adopters. Over 8% of Chinese students currently own some cryptocurrency, while another 9% had previously invested in digital assets.
The survey has been conducted by Panews among attendants of 131 colleges and universities in 26 Chinese provinces, the crypto news outlet 8btc reported this weekend. The majority of the respondents, over 77%, are undergraduates, with the rest being graduate students. Most of them are specializing in the fields of economics, management, and engineering but there are also some who study literature, for example.
27% of Future Graduates Want to Work in the Crypto Industry
It’s worth noting that almost 27% of the students in the survey indicated they would seek employment in the growing blockchain industry in the future. Media remains the main source of information about the crypto space and nearly 40% of the students describe media reports as influential. Despite that, close to a quarter of the participants admit they don’t know anything about blockchain. 22% acknowledge that the coverage in mainstream media is mostly negative, while 17% claim they hear more positive news.
The authors of the study point out that crypto-related educational courses are still rare in Chinese higher education institutions. At the same time, the level of awareness about cryptocurrencies is relatively high, with 67% of those polled stating they know bitcoin. Around 15% admitted they hadn’t heard anything about the digital currencies ethereum, neo, and Facebook’s Libra project. Just seven of the respondents knew all entries in a list of 11 crypto terms like “mining,” “stablecoin,” and “hash value.”
Although the People’s Republic approaches cryptocurrencies with caution and has already tried to limit their spread in Chinese society and economy, Beijing has not turned a blind eye to the development of decentralized coins. For instance, the country’s Center for Information and Industry Development publishes regular crypto rankings evaluating various projects in the space based on their own logic. If you want to learn how the global market evaluates cryptocurrencies, you can always check their current price and cap at markets.Bitcoin.com.
Do you think the young generations in China will tip the scales in favor of cryptocurrencies? Share your opinion in the comments section below.
Images courtesy of Shutterstock.
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Author: Lubomir Tassev
Ethereum (ETH) has been facing a significant influx of selling pressure over the past 24-hours, which has partially been driven by the selloff that Bitcoin experienced earlier today that sent the embattled cryptocurrency reeling below $8,000.Analysts are now noting that ETH is caught in a wide descending triangle that could send the cryptocurrency plummeting significantly lower in the near-term, and analysts are now targeting $170 as its next target.Ethereum Plummets Towards $170 Amidst Crypto Market Sell-OffAt the time of writing, Ethereum is trading down nearly 5% at its current price of $175, which marks a significant drop from its recent highs of over $190 that were set last week when ETH quickly surged towards $200 before incurring a massive influx of selling pressure that sparked its current downtrend.It is imperative to note that Ethereum’s bearishness as of late has simply been the result of Bitcoin’s inability to find any significant stability within the lower-$8,000 region, as bears were able to force BTC below its previous support levels and towards its long-established support at $7,800, and its lack of bullish momentum may spell trouble for its near-term trend.Although it remains unclear as to whether or not altcoins will be able to break free of Bitcoin’s influence, it is probable that they will trend lower unless there is some sort of event that sparks a fresh influx of capital into the markets.Analysts Note That ETH is Caught in Descending TriangleOne bearish technical formation that Ethereum is currently caught within may point to the possibility that significantly further losses are imminent for the cryptocurrency, as it is currently in a descending triangle similar to that which Bitcoin was caught in for months prior to its drop below $10,000.The Cryptomist, a popular crypto analyst on Twitter, told her over 40k followers about this formation, explaining that she believes ETH will target $170 next.“$ETH: Descending triangle, similar set up to what btc was yesterday before the drop (see yesterday bitcoin post). We may have one more resistance touch before drop too $170,” she said while pointing to the below chart.$EthDescending triangle, similar set up to what btc was yesterday before the drop (see yesterday bitcoin post)We may have one more resistance touch before drop too $170 pic.twitter.com/0t7lr7rq3h— The Cryptomist (@TheCryptomist) October 16, 2019
Unless Bitcoin finds massive support around its current price levels and surges higher, it is highly likely that major alts like Ethereum will continue to trend lower until the entire markets are able to incur a decisive uptrend.Featured image from Shutterstock.
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Author: Cole Petersen