Bitcoin and the aggregated crypto markets have had a bullish start to 2020, with BTC surging from its recent lows of $6,800 that were set when bulls attempted to spark a sharp sell off earlier this week.Buyer’s ability to absorb the immense selling pressure that was behind this movement is certainly a bullish sign, although analysts are now noting that how the crypto is currently responding to a key resistance level could spell trouble for what’s to come next.Bitcoin Remains in Short-Term Uptrend as Bulls Push it To Key Resistance Level At the time of writing, Bitcoin is trading just under 3% at its current price of $7,500, which marks a notable climb from its daily lows of $7,300 that were set yesterday.Bitcoin’s ability to continue climbing higher in the time since its recent drop to the upper-$6,000 region is certainly a good sign for bulls, although the crypto has been struggling to push above the $7,500 region over the past day, which could signal that it is an insurmountable resistance level.Teddy, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes the cryptocurrency will once again retrace its recent gains and drop back towards $7,300, which is currently a support level that could continue holding strong in the near-term.“#BITCOIN | $BTC There are two type of people: FOMO BUYERS: Buys the breakout’s the top in hope that if pumps even further – LOL its not 2017 buddy. BORING BUYERS: Waits for a retrace to previous resistance for confirmation of support – Every retest so far failed on 4h,” he said while pointing to the chart below.#BITCOIN | $BTCThere are two type of people 👇🏻FOMO BUYERS: Buys the breakout’s the top in hope that if pumps even further – LOL its not 2017 buddyBORING BUYERS: Waits for a retrace to previous resistance for confirmation of support__Every retest so far failed on 4h pic.twitter.com/KRNwyxiyuP— TEDDY ⛓️📉 (@teddycleps) January 5, 2020
Rejection At $7,600 Could Spark Another Large BTC Sell-Off Although Bitcoin is currently pushing up against its next key resistance level, it is possible that it will climb slightly higher until it reaches $7,600, which could be where enough selling pressure exists to spark a sell off that leads the crypto as low as $7,200.Livercoin, another popular crypto analyst, spoke about this in a tweet, in which he points to a chart that shows the levels referenced above.“Considering it’s Sunday and we’ll have a decent gap to fill once CME opens, I wouldn’t be surprised to see something like this,” he noted.Considering it’s Sunday and we’ll have a decent gap to fill once CME opens, I wouldn’t be surprised to see something like this. $BTC #Crypto pic.twitter.com/vsiwc8XqU4— Livercoin (@livercoin) January 5, 2020
It remains unclear as to whether or not the support that exists within the lower-$7,000 region will be enough to stop Bitcoin from dropping back towards $6,800, but it is clear that another rejection around BTC’s current price levels will mean that the crypto will remain range bound for the foreseeable future.Featured image from Shutterstock.
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Author: Cole Petersen
On Saturday, the notorious John McAfee revealed a new project he’s launching that aims to tokenize all 535 members of U.S. Congress in order to sell them on the open market. McAfee said that the U.S. representative tokens will be listed on his exchange McAfeedex so people can find out what their “representative is really worth.”
The former antivirus tycoon John McAfee is at it again with a new project that is directed at the U.S. political system. According to McAfee, his team is tokenizing all 535 members of Congress in order to sell them on an exchange. On January 4, McAfee tweeted: “The tokens will be listed on McAfeedex.com on March 1st, with every token set initially at one penny — Then let the trading begin — Find out what your representative is really worth on the open market.” McAfee also shared a Twitter account called @Buycongressman for people to follow the new political token project. Both McAfee and the new Twitter account, created this year, explained that the team building the tokens have received flak from the government.
The @Buycongressman said that “No one in Congress would cooperate with us [and] lawsuits were threatened if we proceeded.” The account added that the Office of Legal Counsel (OLC) had “threatened criminal charges if we also included POTUS (President of the United States) candidates – Insisting it’s ‘Manipulating Elections.’” Despite the threats, the Twitter account stressed that in May it would be adding POTUS candidates. McAfee’s new project underlined that the team is “applying blockchain to the political process” by tokenizing political leaders. Another @Buycongressman tweet stated:
We’ll show, mathematically and scientifically, how power grows, accumulates and flows throughout politics. We’ll link news, decisions, and actions to perceptions in the minds of American voters.
McAfee also told his fans that the executive team who designed the project celebrated the completed work in Catalonia the day prior and tweeted that there will be 183 million of each token or “One for every U.S. voter.” “You don’t want to risk a penny that’s your business,” McAfee explained. One person asked McAfee if it was possible to short the tokens and McAfee replied “yes.” “Nice — I would like to short Nancy Pelosi with 100x leverage,” the individual responded adding to the fray of political jokes that ensued.
Telling the Truth: Politicians Are Already Bought
The idea to tokenize all 535 members of U.S. Congress seemed to please the crypto community on Twitter. The majority of individuals are sick and tired of the bureaucrats that are bought and paid for with corporate dollars through political action committees (PACs). Most bureaucrats are so blatantly bought that people have suggested they wear sponsorship logos on their suits similar to Nascar race drivers. Even before Donald Trump was the U.S. President, he was accused of buying politicians when he was a Wall Street mogul. “[T]his is what’s wrong. [Donald Trump] buys and sells politicians of all stripes … he’s used to buying politicians,” Senator Rand Paul explained in the 2015 GOP debate.
McAfee’s project seems to be a statement toward this blatant manipulation and the tokenization of Congress Members is humorous as well. The former antivirus tycoon is also running for POTUS in 2020, but calls out the U.S. oligarchy on a regular basis. McAfee has always pointed to the manipulation and unlimited political bribery within the U.S. government. In June 2018, McAfee stressed that he probably wouldn’t win the 2020 election, but he was doing it for ulterior motives.
“Don’t think that I have a chance of winning — I do not,” McAfee said at the time. “But what truly changes America is not the president, but the process of creating one. If my following is sufficient I get to stand the world’s largest stage and talk to everyone, as I did last time, to tell the truth.”
What do you think about McAfee’s new project that aims to tokenize all 535 members of the U.S. Congress? Let us know what you think about this subject in the comments section below.
Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, token sales, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any ideas, software, concepts, content, goods or services mentioned in this article.
Image credits: Shutterstock, @Buycongressman, Twitter, Pixabay, Fair Use, Wiki Commons.
Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.
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Author: Jamie Redman
Travala, the online platform that allows crypto users to book hotel rooms in thousands of destinations around the world, has registered remarkable growth in bookings during the Christmas holiday season. More than half of those in December were paid in cryptocurrency, with bitcoin cash among the preferred options.
Over 1,500 Rooms Booked in December
Rooms booked via the Travala.com website have been steadily rising throughout 2019, crossing another milestone last month, the travel agency announced in its most recent monthly report. The total number reached 1,528 in December, which represents a more than 15% increase over November, when 1,326 room nights were booked. The overall booking revenue was up 33.5% month-on-month, the document details. Besides the increase in bookings, the average price per room night also went up – from $97 in October and $115 in November to $133 in the last month of 2019, when the bookings peaked.
The report also shows that more than 60% of all Travala bookings in December were paid using cryptocurrencies, with bitcoin core (BTC) topping the list with 28%, followed by the platform’s native AVA token with over 9%. Bitcoin cash (BCH) is a close third with 8% of all bookings. Ethereum (ETH) accounts for 4% and Binance coin and dash each have 3%. Monero (XMR) was used in 2% of the cases, while the total of payments with other cryptocurrencies amounted to 6%. Fiat transactions with credit cards and Paypal had a 37% share.
Travala’s crypto payment gateway accepts multiple cryptocurrencies, also including XRP, LTC, TRX, NAN, XRB, ADA, DAI, and TUSD, allowing crypto enthusiasts to pay for its services with their favorite digital coin. The platform’s AVA token, based on the NEO network, is used to fuel its Smart discount and loyalty program which provides up to 10% savings on hotel and other accommodation bookings for users of the Travala.com wallet. A total of 2,305,000 AVA, close to 5% of the circulating supply, is locked within the Smart program which already has 550 members.
2 Million Hotels and Accommodations Offered
Travala.com currently offers customers the opportunity to book rooms in over 2,000,000 hotels and accommodations worldwide, including luxury resorts, apartments, villas, and hostels. According to its December report, the top seven visitors by country were from the Unites States, the U.K., Italy, Germany, France, Poland, and Australia. The leading seven destinations by bookings were Thailand, Cambodia, U.S., Australia, Italy, Vietnam, and France.
In November, Travala announced a new partnership with the popular online portal Booking.com, adding 90,000 destinations in over 230 countries, as news.Bitcoin.com reported. The cooperation made Travala one of the largest online travel agencies with global reach by number of bookable hotels. Travala.com is also a partner of Bitcoin.com. The platform is now integrated in the Bitcoin.com Wallet whose more than 5 million users can book accommodation for their trips using bitcoin cash.
Moving into 2020, Travala plans to focus on growing its user base and improving the user experience. Further enhancement of the AVA token utility, onboarding more travel businesses into its B2B platform, and expanding the partner network are among the top priorities stated in the company’s roadmap for the first quarter of this year. Travel.com also plans to add a number of new payment methods including cryptocurrency and local payment options.
Have you used the services of Travala or other crypto-accepting travel agencies? Share your experience in the comments section below.
Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any third party products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock, Travala.com.
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Author: Lubomir Tassev
This isn’t uncommon in existing connected thermometers like Meater, but it should get clever in the future. An update coming in late 2020 will integrate the thermometer with supporting Whirlpool ovens, letting the oven adjust the temperature based on the steps you’re in with a given Yummly recipe. You might not even have to think about adjusting the oven’s controls while dinner is in the works.
You should see the Smart Thermometer reach stores in early 2020 for $129. That’s more expensive than some options, but it might be easier to justify if you either thrive on Yummly or appreciate that oven tie-in.
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Author: Team E-crypto News
In addition to announcing a new personal business communications device and a pair of 27-inch LCD monitors, Lenovo is using CES 2020 to introduce additions to its Creator line of PCs. That’s the good news. The bad news is that the two new laptop will see limited availability, and the new desktop won’t be released into well into this year.
everything CES 2020
Lenovo is launching the Yoga Creator 7 and IdeaPad Creator 5 laptops to tap into the market for on-the-go digital content creation (not to be confused with MSI’s own Creator laptop), but the company has already stated that neither will be coming to North America. For the rest of the world, the new Yoga is built around a 15.6-inch full HD display with optional 100-percent sRGB color gamut support. It will include 10th-generation Intel Core processors, up to 16GB of RAM and 1TB of solid-state storage, and the “latest” (and unspecified) Nvidia mobile graphics.
Several ounces heavier (4.8 pounds versus 4.2 pounds), the IdeaPad Creator 5 has a similar sized screen and screen resolution, though its color gamut option is 100-percent Adobe RGB instead of sRGB. It likewise will offer 10th-gen Core CPUs and new Nvidia graphics, but it’s a little thicker than the Yoga and is equipped with a smaller battery (8 hours versus 13 hours). Both systems have Lenovo Q-Control and Intelligent Cooling technology to boost performance while keeping things cool when needed for the most demanding tasks. They also come with a dark moss chassis that’s different from the black and gray laptops of the world without being too ostentatious.
The IdeaCentre Creator 5 keeps that color scheme for its case, along with a bit of a geometric design to make it stand out from the average desktop tower. More than just flair, Lenovo claims the case design aids in cooling and quieting the PC, which can be equipped with up to the latest Core i9 processors and Nvidia GeForce RTX graphics cards as well as up to 32GB of RAM and 2 terabytes of hard drive space and a terabyte of solid-state storage. The IdeaCentre is Independent Software Vendor certified to ensure content creation software runs optimally, and the PC maker includes its Lenovo Vantage dashboard to complement the Windows 10 experience.
Unlike the new Creator laptops, Lenovo is planning to offer the IdeaCentre Creator 5 in North America, though you’ll have plenty of time to save up for its $1,099.99 starting price. That’s because it’s not expected to go on sale until October.
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Author: Team E-crypto News