EOS Locked 7 Accounts and It Has Implications for Everyone in Crypto

In an effort to stop several thefts, seven accounts of the EOS blockchain were frozen on June 16. At face value, many will see this move by the 21 block producers (BPs) in charge of validating transactions on the newly live blockchain as a success in stopping malicious actors from bilking several users out of more than $20,000 in EOS. But others are concerned that such a centralized decision will have far-reaching implications in the future – and not just for EOS, but many other blockchains as well. But first,…

Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in prices. But, if yesterday’s momentum continues and most importantly this week end up bullish then it’s most likely that TRX would edge higher. Let’s have a look at these charts: EOS Technical Analysis EOS Daily…

EOS Block Producers Freeze User Funds to Prevent Theft, Resulting in Twitter Backlash

EOS has frozen seven accounts compromised by the registration process through phishing scams, according to a Steemit post by EOS42, an EOS block producer (BP) candidate. The news, published on June 17, has led to backlash based on allegations that the BPs have violated their own constitution. After the public learned of the account freezings, crypto enthusiast Nick Szabo referred to the EOS constitution as “socially unscalable and a security hole:” In EOS a few complete strangers can freeze what users thought was their money. Under the EOS protocol you…

IOTA, Stellar Lumens, EOS, Litecoin and Tron Technical Analysis (June 19, 2018)

Needless to say, IOTA is the biggest loser in the last 24 hours tumbling seven percent and in the process dipping below $1.12 and triggering sells. However, when we take a wholesome approach, bears are likely to drive prices lower across the board in the coming days. As such, we should be watching TRX because of what happens after mainnet launches, Litecoin as it dangles at $90 and EOS due to their security lapses. Let’s have a look at the charts: EOS Technical Analysis EOS Daily Chart by Trading View…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 18

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Every bear market tests the patience of the investors. The ones who stick around reap the maximum benefits when the new bull market starts. Most retail investors are easily influenced by the wild forecasts and end up buying near the peaks and selling…

EOS Mainnet’s Road to Launch

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Decentralized governance is hard, as we have already learned from the notorious Bitcoin community standoffs. But as the saga around the EOS mainnet’s onerous drag toward going live illustrates, it might be challenging to make things work collegially, even in a quasi-decentralized system where the number of stakeholders is limited. Although the long-anticipated EOS blockchain technically took off on June 10, it was not…

IOTA, EOS, Litecoin, Stellar Lumens and Tron Technical Analysis (June 18, 2018)

Despite our buy projections, sell pressure is evidently strong and quickly reversing previous gains. Even though most coins as Stellar Lumens, IOTA and Litecoin are still trending within June 14 anchor candlestick, it’s very possible that bears might break lower and align with the general bear trend. That’s patience and waiting for right trigger levels to be hit is the right trading strategy. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View After raising $4 billion from investors, EOSIO mainnet has been nothing…

EOS Blockchain Back Up and Running Again After Yesterday’s ‘Pause’

The recently launched EOS blockchain has resumed operations today, June 17, after “pausing” due to technical issues on June 16, according to the EOS network monitor. The EOS network monitor is currently showing that EOS block producers (BPs) – the equivalent of miners on the Bitcoin blockchain – are “producing right now.” Yesterday, multiple sources reported an issue with the EOS Mainnet, or blockchain, that led to network operations “freezing” less than 48 hours after officially going live. The blockchain went live just under a week after candidates to become…

EOS Mainnet Experiences ‘Freeze’ Two Days After Launch

Less than 48 hours after going live, the EOS Mainnet has “paused,” according to multiple reports on Twitter and a Steemit post by the top 21 EOS block producers (BPs), June 16. While the BPs and “many standby nodes” scramble “to identify and fix the issue,” transactions appear to be ”frozen” on the EOS Mainnet. The cause of the freeze in transactions is still unclear, with the EOS Mainnet Status Update on Steemit claiming to be addressing the issue. EOSUK, one of EOS’ BP candidates, reports that the EOS network…

IOTA, EOS, Stellar Lumens, Litecoin and Tron Technical Analysis (June 16, 2018)

Overly, sellers did spring back to action and completely reversing June 14 gains in some coins as IOTA. However, in the midst of all sells, Stellar Lumens is resilient losing three percent. On the other hand, IOTA reversed 100 percent of their 24 hours gains with lows testing minor support at $1.10. So, even if we remain upbeat expecting buyers to spring back, any breach of support triggering means we trade with the trend as we aim at the next support level of each respective coin’s in the daily chart.…