| Namecoin (NMC) |  | Namecoin is an experimental open-source technology which improves decentralization, security, censorship resistance, privacy, and speed of certain components of the Internet infrastructure such as DNS and identities. It has a market cap of over $11.8 million, a circulating supply of over 14.7 million and has traded over $31K in the last 24 hours according to CoinMarketCap.com.
NMC/USD is looking to break out of its trading range today as it is currently trading above the $6.85500 level. Based on the range, a potential target is near the $8.0000 and a stop could be placed below the breakout level and raised below each successive higher low.
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| | News To Know | | Ethereum Classic (ETC) Developers Deny 51% Attack, Double Spend
Cryptocurrency, Ethereum Classic (ETC)–In a bizarre twist for the story developing around Ethereum Classic, developers for the ETC token are now making the claim that the blockchain has not experienced a 51 percent attack, in addition to denying the presence of a double spend. As reported earlier in the day by EWN, the Coinbase team released a revealing post on the state of Ethereum Classic, making the claim that the coin had undergone a "deep chain reorganization."
Crypto ETFs Could Become a Reality in Japan; but Is there Substantial Interest?
;Japan's primary financial watchdog, the Financial Services Agency (FSA), could approve crypto exchange-traded-funds despite abandoning plans to allow Bitcoin futures, a person familiar with the matter told Bloomberg on January 7, 2019.
Buying and Selling Property with Bitcoin Is More Complex Than It May Seem
Buying and selling property using cryptocurrency is less straightforward than was first assumed. The handful of mortgage lenders and realtors who were initially keen are now reluctant to accept crypto deposits due to money laundering fears. Until there is greater clarity concerning crypto regulation, due diligence procedures and taxation, potential participants are opting to wait on the sidelines.
Coinfloor to Relaunch Crypto Derivatives Exchange with Stablecoin Futures
CoinfloorEX, a bitcoin futures market, has been spun off from its parent company Coinfloor Group and will relaunch next month, offering a novel derivative product: stablecoin-to-stablecoin futures. The new entity, renamed as CoinFLEX (Coin Futures and Lending Exchange), will focus on Asian retail customers and offer 20x leverage. The new futures contract will allow traders to exchange tether (USDT) for another cryptocurrency designed to hold its value with the U.S. dollar, USD Coin (USDC), in order to ease cryptocurrency trading across the markets, the company said. It did not respond to a request for clarification about its stablecoin futures market by press time.
Why businesses struggle to scale their blockchain projects
Nobody doubts the fact that blockchain has great potential. Yet, no company has been able to fully leverage the power of blockchain to scale ambitious projects beyond the pilot phase. Whether you consider real estate, supply chain, or even human resources, there are quite a few blockchain use cases in the market, but none have seen enterprise-wide adoption so far.
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| | | Source: Coinmarketcap.com | | | |
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