Category Archives: litecoin

ICO, Banking, Energy, Healthcare, Retail and E-Gov as the Blockchain Trendiest Areas to be Discussed at Blockchain Conference Abu Dhabi

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The blockchain industry has been developing more rapidly than the boldest forecasts predicted. Having become an integral part of the financial and banking spheres, it has already occupied its niche in medicine, insurance, document circulation, energy, retail and other economic spheres. Today, the blockchain is blooming. However, it is worth knowing what we may expect from the technology in the next 6-9 months.

On December 7, 2017, Abu Dhabi will host for the second time the main blockchain conference of the MENA region – Blockchain Conference Abu Dhabi (BConference), which will bring together representatives of the blockchain industry from around the world to talk about their successful experience of using the technology in the most relevant areas for the region.

The key topics of the BConference Abu Dhabi 2017 include:

1. The most innovative technology of our time: Up-to-date information on the crypto-currencies and blockchain

The crypto-currency market capitalization has approached the $ 143 trillion mark in 2017. Governments, investors and business are actively developing plans on using the blockchain to enter the list of the most technologically advanced countries in the world. For example, in October 2016, the authorities of the largest city in the UAE, Dubai, announced the launch of a blockchain strategy to become the first city operating on the blockchain technology by 2020.

One of the BConference panel will be devoted to the preliminary issues on the crypto-currency and blockchain market review, the possibilities of their use within the country and beyond its borders, the analysis of successfully implemented cases. In addition, the participants will get acquainted with the projections and prospects for the blockchain development in the Middle East Region.

2. Financial sector: How may the blockchain improve the financial inter-national payments and banking transactions at all levels?

Researchers from the British HR agency Robert Half Financial Services have found that 52% of the world’s financial services companies plan to implement the blockchain as it facilitates transactions, increases their speed and reduces the costs for the parties. According to the study of the TABB group, the blockchain will enter the daily life of all financial companies by 2026.

3. Logistics: Control over the goods import and export around the globe

 The world commerce volume, excluding oil, in the emirate of Dubai in the first 2 quarters of 2017 has amounted to approximately $ 259 billion, which makes it a major trade hub connecting the markets of Asia, Africa and Europe. The blockchain or the distributed ledger technology will reduce the amount of customs documentation accompanying all movements of goods and will allow their suppliers and recipients to track all processes and the compliance with the terms and conditions of supply contracts in real time. The authorities of the emirate together with IBM and a number of other companies are already working on the creation of such blockchain platform.

4.Energy: Reducing costs in the energy market

The blockchain has already been successfully used to exchange surplus solar energy in the US and Australia, where full-fledged virtual exchanges have been created for this purpose. In the experts’ opinion, a decentralized approach in the energy market will make it possible to significantly reduce costs not only by eliminating intermediaries in the energy market but also by using local energy exchange as needed. It is most likely that the blockchain will become a means of updating and improving existing centralized energy systems as well as create a mixed distributed system where both large power plants and micro networks will participate.

5. Healthcare: Modernization of healthcare systems

The decentralized data transmission system has already been actively used for the purpose of technological modernization of the healthcare system. The study of the blockchain technology potential is carried out in terms of its use in the diverse medical administration starting from the basic client data commit process and ending with the monitor of the development and treatment of the patients’ diseases.

6. Investment raising: ICO boom

The initial coin offering (ICO) is challenging some other ways of the fundraising. In 2017, the start-ups have already raised 10 times more funds through the ICO than in 2016. According to a research firm in the crypto-currency field Smith & Crown, in 2017, the blockchain start-ups have raised over $ 1 billion through ICO. The unconventional method of investment generation is almost as efficient as the usual IPO.

The Conference may be of interest to representatives of the banking and financial sectors, managers, and owners of companies in the field of money transfers and exchange operations, energy companies, save-energy companies, retailers, blockchain start-ups as well as representatives of public authorities at all levels.

To participate in the Blockchain Conference Abu Dhabi, please register on https://bconference.org/

For partnership and cooperation, please contact us by +442 03 239 96 70 or [email protected]

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

Chinese Search Giant Baidu Joins Hyperledger Blockchain Consortium

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Chinese search engine giant Baidu has become the latest member of the Linux Foundation-led Hyperledger blockchain consortium.

In joining the group – which focuses on developing blockchain technologies for enterprises – Baidu will assist the project’s efforts alongside other member companies including Accenture, IBM, JP Morgan, R3, Cisco and SAP, among others.

Explaining the firm’s reasons for joining Hyperledger in a statement, Baidu vice president Zhang Xuyang cited the belief that blockchain could help “better tailor” its search preferences according to users’ needs.

“Over the past 17 years, we have striven to fulfill our mission by listening carefully to our users,” he added. “We’re thrilled to be part of Hyperledger and look forward to collaborating with other members to drive open blockchain solutions forward.”

Brian Behlendorf, executive director of Hyperledger, said of the new member:

“[Baidu’s] deep understanding in connecting users to information and services will be tremendous experience for us to leverage as we look to expand our reach further in Asia and drive more global production deployments of Hyperledger technology.”

The announcement comes just a week after business network company Tradeshift also joined Hyperledger as a member. Over 160 companies, startups and organizations have now joined the consortium since it launched in 2015.

Baidu flags image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Multi-Cryptocurrency Software Terminal Gets Alpha Launch

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October 17, 2017 : Pioneering payment platform, CopPay, has launched an alpha version of its multi-cryptocurrency software terminal; and is inviting anyone interested – merchants, retailers, and crypto enthusiasts – to sign up for free. Alpha-version is available in the web-interface.

By doing so, users can start accepting a number of listed cryptocurrencies as a form of payment; fee-free. They can then either secure their cryptocurrency in a digital wallet or exchange it for fiat currency, before depositing it into their chosen bank account.

CopPay’s multi-cryptocurrency virtual terminals are easy-to-install pieces of software that can be uploaded onto any mobile device (PC, tablet, mobile phone), integrated with Point-of-Sale terminal or incorporated into any website. A user-friendly interface simplifies payment orders, billing, and payment confirmation. And as each terminal operates independently of a payment processor, there are no transaction fees.

CopPay’s eventual goal is to have millions of virtual terminals functioning around the world in on- and offline stores, as CopPay co-founder, Vladimir Serzhanovich explains:

“To make sure everyone has greater access to cryptocurrency – both retailers and consumers – we will offer our virtual terminal free of charge. Great access means greater liquidity.”

A number of CopPay terminals are already in active use, in Belarus and Chile, with business owners from Germany, Mexico and Lithuania joining in coming weeks.

“When the testing period is complete, merchants will be able to simply download the software from CopPay’s cloud storage,” said Timur Kornienko, CopPay’s CTO. “Until then, they can register and try the alpha version at coppay.eu.”

Following the company’s Initial Coin Offering (ICO) later this month, Ina Samovich, CopPay’s CEO, is confident interest in transactional software, and cryptocurrencies in general, will continue to grow.

“We’ve just included the cryptocurrency of social media network Steemit and we’re working closely with a number of other token issuers,” she said. “Cryptocurrencies continue to rise in value: as evidenced by the Ethereum boost ahead of the recent hard fork. It’s only a matter of time before crypto- transactions become mainstream.”

CopPay’s ICO runs from October 30 to November 30.

“We welcome our community to take part in alpha testing of our platform. It’s available at https://coppay.eu. From now every merchant from European Union can start cryptofying his business using CopPay terminal,” says Vladimir Serzhanovich.

About CopPay

CopPay aims to make it easier for everyone to use cryptocurrencies – like Bitcoin, Ethereum, Dash and Litecoin – using point-of-sale software terminals that can accept any currently listed cryptocurrency, and exchange them for fiat currencies: in real time, without transaction fees. For more information please visit coppay.io.

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

DASH/USD and LTC/USD Technical Analysis October 19th, 2017

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DASH/USD

DASH fell significantly during the day on Wednesday, reaching down towards the $282.50 level. We did bounce slightly towards the end of the day but we are already starting to continue the downward pressure. Because of this, DASH looks likely to continue the downward move, perhaps reaching to the $280 level next, where we could see bits of support there as well. Rallies of this point should be thought of as selling opportunities, at least until we break above the $300 handle.

LTC/USD

Litecoin fell slightly during the day, reaching towards the $55 level. This is a very gentle downtrend though, and I believe it’s only a matter of time before the buyers return. I’m waiting to see stability or at least an impulsive candle to start buying, and I suspect that somewhere between the $55 and the $50 levels we should find it.

Thanks for watching, be back tomorrow

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

Vertcoin Development Update October 18, 2017

Announcements & Updates

Ledger Nano S and Ledger Blue support is here!

It’s official, you can now secure your Vertcoin on your Ledger Nano S and Ledger Blue! Download the latest update from the Ledger Manager or buy your Ledger from the official site today!

Vertcoin Electrum TOR Wallet is almost here.

Our Electrum TOR Wallet is almost here. We’re making last minute changes to address compatibility bug with the recently released Ledger Nano S & Ledger Blue Support.

What is the Electrum TOR Wallet?

The TOR wallet is a modified version of our Electrum Wallet, designed to only sync over a TOR connection. To use the wallet you must first download and run the TOR browser. Once TOR browser is running, launch the TOR wallet and it will connect over TOR via proxy (localhost: 5190) You now can enjoy IP privacy when sending and receiving transactions.

Vertcoin and Litecoin team up to perform an Atomic Swap

Last month we teamed up with Charlie Lee to perform an on-chain Atomic Swap with VTC and LTC. The on chain swap was performed using Decred’s AtomicSwap Utility. Vertcoin support was officially added to the tool recently. While the capability to do on-chain swaps have been around for a while, this swap was significant as sets a precedent and example of coin communities working together to advance technology. We expect this to the first of many swaps to come.

We’re now on Discord

The Vertcoin community has moved to Discord from Slack due to the phishing and spam attacks that have plagued crypto slack teams for the last few months. We made the decision to migrate our community. If you were signed up for our slack team and haven't created your Discord account. Use this link to join us: https://discord.gg/Yb6EHNy

Vertcoin Trader — Our new Vertcoin Trading Community

reddit.com/r/rvertcointrader

Vertcoin Traders! We have a new community on Reddit, just for you. Introducing r/VertcoinTrader, the first online community dedicated to Vertcoin trading discussion. Join the conversation at reddit.com/r/VertcoinTrader toady!

What’s new

New Wallet Update

As we’ve mentioned in our previous update, there’s a new wallet under development. The wallet should be compatible with Desktop, Web and Mobile and you can run it in both full blockchain mode (where you download and verify the blockchain locally), or run it as SPV wallet. On top of that, the goal is to seamlessly integrate Lightning Network into this wallet.

The development team is currently working on the fundamentals of the SPV wallet, building a blockchain indexer from the ground up that is fully compatible with segwit and the new bech32 address formats. We’re also working with the team behind LIT (implementing the Lightning Network) to connect to Vertcoin using this new indexer middleware. This will mean LIT doesn’t have to be connected to a full node, will have instant sync and run on mobile devices.

This technical foundation is being worked on while we’re getting the designs ready for our new wallet. The design briefing for this is ready and will be shared with a new group of designers in the coming weeks, after which we hope to finalize the design before the next development update. Once the design is ready, we’re going to start implementing the wallet in short iterative cycles, where we strive to have a usable end product after each (two week) cycle. We want to share these work-in-progress with the community to allow for a short feedback loop and transparency in our progress. We’ll be sure to reach out to the community once we’re looking for feedback. Not a closed beta group, but everyone’s invited.

Better, Faster, Stronger

Working on a CI (continuous integration) build server for all Vertcoin projects e.g. Core, Electrum, p2pool, vertminer, lit, OCM and our new wallet/indexer. It will automatically pull commits from GitHub and build binaries for each platform we target, as well as run unit tests. We hope this will accelerate the rate at which the developers can release software updates while maintaining strong QA.

Coin Development

Up Next

  • AMD Optimized GPU Miner
  • Re-base core wallet to 0.15
  • TOR Wallet Release
  • Vertcoin iOS Wallet

In Progress

  • NEW Vertcoin wallet
  • Re-implementation of Stealth Addresses
  • Expanded Vertcoin Exchange/Wallet Support
  • One-click Vertcoin Miner (BETA)

Released

  • Vertcoin & Litecoin Atomic Swap
  • Electrum-VTC 2.9.3.1 Update
  • Development Fund Website
  • Vertaddress.org

KPIs (Key Performance Indicators)

  • Reddit — r/vertcoin: 10,399 Members + 32.24%
  • Reddit — r/VertcoinTrader: 515 Subscribers NEW!
  • Twitter: 35,762 Followers + 11.8%
  • Discord: 1,858 Members NEW!

VTC Development Fund Usage (September 2017)

Donations: 9494.7 VTC

Usage: -300 VTC (Marketing and Dev Costs)

Links & Resources


Vertcoin Development Update October 18, 2017 was originally published in Vertcoin Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bank Consortium to Launch Joint Venture for Blockchain Trade Platform

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A consortium of banks is planning to launch a joint business venture for its in-development blockchain commerce platform.

Aiming to ease European domestic and cross-border trade, the Digital Trade Chain group is building a distributed ledger framework that connects a buyer, sellers, banks and intermediaries to simplify transaction management and tracking.

To that end, the consortium will create a new business entity in the Republic of Ireland, jointly owned by the eight founding banks, that will manage and distribute the offering, now rebranded as “we.trade.” The new entity is expected to be formed sometime by the end of the year.

“The commercialization of the platform is expected in Q2 2018. From February 2018, test clients of the founding banks will be able to use the platform,” the consortium said in a statement.

First unveiled in January, Digital Trade Chain now counts Banco Santander among its membership, alongside Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and UniCredit – as well as IBM.

The coming months will also see efforts to attract additional parties to the consortium in addition to financial services. One area of focus will be companies involved in the trade process, including in shipping – an industry that has seen rapidly growing interest in blockchain tech in recent months.

Cargo port image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Bitcoin Price Technical Analysis for 10/17/2017 – Ascending Triangle Pattern

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Bitcoin Price Key Highlights

  • Bitcoin price is pausing from its strong rally, consolidating on the short-term time frames while waiting for more momentum.
  • Price has formed higher lows and found resistance around $5800, creating an ascending triangle formation.
  • Price is currently testing the triangle support and could be due for a move back to the top.

Bitcoin price has formed an ascending triangle on its 1-hour time frame while waiting for more bulls to sustain the climb.

Technical Indicators Signal

The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In addition, the 100 SMA lines up with the triangle bottom and is currently holding as dynamic support.

A break below the bottom of the triangle could signal that bears are gaining control or that a larger correction from the uptrend is underway. The 200 SMA could hold as dynamic support around $5200 as well.

Stochastic is on the move down to suggest that selling pressure is in play. This oscillator is approaching oversold levels and turning higher could draw buyers back in. RSI is treading sideways so consolidation could carry on for a while.

The chart pattern spans $5100 to $5800 so the resulting move in either direction could last by the same height.

Market Factors

Bitcoin price is likely waiting for the next big catalyst, which might be the outcome of the next network upgrade in November. Investors have positioned early but are also wary of rival versions of bitcoin popping up and trying to compete for market share.

Meanwhile, the dollar is also waiting on the next set of catalysts, although the path of least resistance for the currency might be to the downside. CPI and retail sales figures have mostly disappointed while the uncertainty about the next Fed leadership is also weighing on the dollar.

US data has surprised to the upside but didn’t seem enough to convince market participants that more rate hikes are in the cards for next year. The presence of geopolitical risks from North Korea is also keeping bitcoin price supported versus the dollar.

TRADE NOW :  Want to trade Bitcoin? Join Now!

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

Bitcoin Cash Price Technical Analysis – BCH/USD Neutral Above $300

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Key Points

  • Bitcoin cash price is holding the $300 support against the US Dollar and is trading in a range.
  • Yesterday’s highlighted contracting triangle pattern with current resistance at $323 holds the key on the hourly chart of BCH/USD (data feed from Kraken).
  • The price is likely to remain in a small range before making the next move, probably above $325.

Bitcoin cash price is consolidating above $300 against the US Dollar. BCH/USD has to gain momentum above $325 to gain upward strength.

Bitcoin Cash Price Support

It seems like Bitcoin cash price is preparing for the next move either above $325 or below $300 against the US Dollar. The price is holding the $300 support very well and is trading in a range. There was no major move during the past 24 hours and the price remained below the $316-318 levels. More importantly, yesterday’s highlighted contracting triangle pattern with current resistance at $323 on the hourly chart of BCH/USD is intact.

The highlighted triangle resistance might continue to play a major role for the next move above $324-325. On the upside, an initial resistance is around the 38.2% Fib retracement level of the last decline from the $328 high to $307 low. The next important resistance is close to the $318 level and the 50% Fib retracement level of the last decline from the $328 high to $307 low. However, the price has to clear the triangle resistance and the $325 level in order to gain upside momentum.

Bitcoin Cash Price Technical Analysis BCH USD

On the downside, the triangle support is currently at $307. Below $307, the $300 handle comes in as a major barrier for sellers in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is flat, signaling range moves.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD moving to and fro around the 50 level.

Major Support Level – $307

Major Resistance Level – $323

Charts courtesy – Trading View, Kraken

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

A Good Name is More Desirable Than Great Riches

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“A good name is more desirable than great riches; to be esteemed is better than silver or gold.” Proverbs 22:1

Bunty Agarwal and Denis Grodetskiy, MicroMoney Advisors, ICO Strategists, and Business Model Analysts at Group 5 Advisory

We, at Group 5 Advisory, share MicroMoney’s vision of how technical solutions such as “digital DNA” can help the unbanked people in emerging economies benefit from accepting technology as it has been designed by MicroMoney.

Ultimately, it is the customers and individuals that benefit the most from establishing their digital DNA. Through MicroMoney, consumers can now have access to banking and other financial services that were unavailable to them previously. They also get precisely targeted products and customized marketing offers because companies better understand their needs and desires.

MicroMoney’s platform helps those customers to buy goods and services in a marketplace that is more streamlined and relevant and to start new businesses through access to external funding. This becomes self-reinforcing because as local economies grow, more jobs are created and, therefore, more wealth is created within those local communities.

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MicroMoney – Financial Identity for the ‘Unbanked’

MicroMoney’s innovative concept is to give its customers the opportunity to establish and build their financial identity through a digital interface. Similar to traditional forensic analysis, MicroMoney’s Artificial Intelligence and Neural Network (AINN) system begin by putting together a digital passport and tracking the footprints of each one of its customers. Unlike passports, however, this dossier contains far more detailed information and cannot be forged by anyone else. In this regard, the AINN helps to create digital DNA for each customer – a truly unique identifier.

Once a customer’s digital DNA is created, it can be used to accurately predict a customer’s behavior, track that same customer’s financial performance, and establish his/her reputation. For example, if a customer helps a friend get a loan by vouching for him and that loan is repaid on time, his digital DNA is updated by the AINN to reflect that behavior. The beauty of AINN’s prediction and scoring system is that the technology is based on machine learning. The more data the neural network has, the better its scoring and accuracy becomes over time. As it stands, the system’s accuracy is already at about 95% based on real-world results.

MicroMoney : Digital DNA

How MicroMoney and Big Data Benefit Consumers

The customer information collected by MicroMoney’s AINN also forms the bulk of MicroMoney’s Big Data. Besides creating a unique profile for individual customers, MicroMoney aggregates all the customer information it has and analyses it as a whole. This is extremely important and valuable because it allows MicroMoney to create a macroscopic view of a specific region. The company can now assess risk across a variety of factors that would otherwise be unseen on an individual basis.

A secondary benefit of analyzing customer data on a wider scale is that MicroMoney and its business partners can learn about customers as a group. Because banks and other businesses have typically focused only on market segments they have full information on, they miss out on substantial revenues. Businesses can look at MicroMoney’s Big Data and learn more about potential customers and untapped market segments. What do they search for online? What do they buy? How do they pay for goods? What kind of factors affect purchasing or borrowing decisions? Previously unknown or risky customer segments suddenly become relevant.

Big Data enables banks, merchants, and other companies to efficiently profile and segment a huge population with the click of a button. Potential customers can be segmented based on a number of patterns, some of which could be unrealized by the customers themselves. These insights can be used to forecast purchasing behavior, something that is extremely valuable to banks and merchants alike.

The beauty of MicroMoney’s data and scoring system is that it can be applied on a global scale while ignoring all international boundaries. Imagine that you’ve moved to another country. No matter what your personal financial position is, in the new country, you immediately fall into the “unbanked” category with no financial reputation. As an expatriate, it is virtually impossible to open a bank account or take a loan without first having established some kind of paperwork, such as proof-of-address evidence, and credit history. If you try to withdraw cash from an ATM using a foreign bank account, you are liable to pay exorbitant foreign exchange charges and other fees.

With MicroMoney’s digital DNA, traditional hurdles to banking disappear overnight. Now, your credit history follows you everywhere you go. Rather than having to establish a new financial reputation every time you move somewhere, your digital reputation is available for anyone to see at your fingertips.

The most touching reviews from the real MicroMoney’s customersRead more: https://t.co/8VjOHBALif#blockchain #cryptocurrency pic.twitter.com/h2pFrNk2hH

— MicroMoneyIO (@micromoneyio) October 14, 2017

While building the company as a global enterprise with a specific vision, MicroMoney respects the fact that customer data is extremely personal. Some customers may not be keen on sharing that information to the Big Data service. MicroMoney is a strong believer in protecting customer data and will only share it if the customer agrees to the company’s data collection and protection policies.

MicroMoney’s goal is to build a user base of loyal and socially active customers who will support the company to grow and expand its operations. In order to make the AINN scoring system and Big Data service more accurate and useful, MicroMoney rewards those customers who do share their information with the company.

More information on what kind of data MicroMoney collects and how it protects that data can be found at https://micromoney.io/.

How will MicroMoney change the financial landscape for “unbanked” consumers? What do you think about the concept of “digital DNA”? Let us know in the comments below.

Images courtesy of MicroMoney, iStockPhoto

The post A Good Name is More Desirable Than Great Riches appeared first on Bitcoinist.com.

Up to 40% Off Bitcoin Art Sale (7 Days)

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Most of my gallery reps take up to 50% of my profits from the sales of my works. Since I have the opportunity to market directly to my potential client base through News BTC, we decided to make a campaign to increase sales to raise funds for a new major international project to be announced early 2018.

Art For Crypto and Artevo are now prepping for a new project involving VR, AI and Blockchain so should you wish to collect unique art, be involved with supporting an emerging expression and be a part of something greater than the sum of its parts – here is your chance.

This article shows multiple demo images on what your space could soon look like. We have various sizes available from 50x25cm (20x10in) up to 250x125cm (100x50in).

One of my previous projects with a Bollywood actress Veena Malik reached around 300 million people and helped to change the world. You can see more about this project here.

The new project will increase awareness regarding blockchain to the general public as well as feature insider topics.

Below you can read some of the most recent interviews regarding on what is to come

Art Dependence interview with Etienne Verbist
Artprnr with Jenny Begun
VICE / Creators project with Francesca Capossela

The offer during 16-23rd of October is as follows:

  • Bronze series: 10% discount
  • Silver series 20% discount
  • Gold series 30% discount
  • Platinum series 40% discount

Vesa is also open to private and company commissions involving these creative processes.

We accept both crypto as well as Fiat currency as payments.

To access the offer include NEWS BTC OFFER as the opening line of the email.

See the works & prices here: https://www.artforcrypto.com/

Sales, commissions and proposals at: info (at) artevo.fi

Vesa Kivinen
Visual Artist
London / Helsinki
www.artforcrypto.com
www.artevo.org

Vesa is a contributing art writer on News BTC. He is credited for innovating an entirely new art form Artevo and his new platform Art For Crypto, focuses on art for and about the blockchain. He is best known for his collaboration with the Bollywood actress Veena Malik, which reached over 300 million people through the BBC World, The Independent, Times of India, IBT, Helsinki Times, VICE etc.

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

Gibraltar Publishes Draft Regulations for Blockchain Startups

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Gibraltar’s Financial Services Commission has published a draft of its upcoming regulatory framework for firms offering blockchain services.

Planned to come into effect from January 2018, the new rules will cover any commercial use of distributed ledger technology (DLT) as a means to store and transmit value. While this would include cryptocurrency exchanges, the word “value” is also defined as including “assets, holdings, or other forms of ownership, rights or interests.” Investment services (and other controlled financial offerings) connected to the tech would be covered as well.

Under the framework, DLT service providers will be granted a working license, providing they conform to some regulatory principles.

As defined by the paper, these principles include honesty, integrity, the protection of customer assets and maintaining a high degree of cybersecurity. And once the rulings are accepted by Gibraltar’s legislature, the British Overseas Territory will be among the few jurisdictions worldwide to offer a fully regulated framework for firms working with blockchain.

Speaking to the Gibraltar Chronicle, minister of commerce Albert Isola said that this was typical of the countries determination to facilitate innovation while maintain a strong regulatory presence. He said: “We have done this before and will do so again.”

Samantha Barrass, chief executive of the Gibraltar Financial Services Commission, said:

“This regulatory framework demonstrates that regulators can keep up to date with technology without stifling innovation, protect consumers and create a well-regulated safe environment in which financial technology can flourish.”

Earlier this year, the country’s primary securities exchange, the Gibraltar Stock Exchange (GSE), revealed a plan to integrate blockchain into its trading and settlement systems.

And, last month, the Gibraltar Financial Services Commission issued an investor warning on initial coin offerings (ICOs). The risks contained in ICO investments led authorities to consider a complimentary framework for token sales on a DLT, according to the statement.

Today’s draft made no direct mention of the blockchain use case.

Gibraltar image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

US State Department Seeks Blockchain Boost Amid $10 Billion Reboot

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The U.S. agency that oversees foreign affairs is looking seriously at blockchain.

That’s according to John Sullivan, U.S. Deputy Secretary of State, who encouraged the State Department and its private sector partners to embrace the technology as a way to “advance diplomacy and development objectives” at the Blockchain@State forum held Tuesday in Washington, D.C. 

Speaking to an audience comprised of other government agencies, members of the private sector and non-profits, Sullivan went so far as to suggest blockchain could be a key part of the massive restructuring of the department proposed by Secretary of State Rex Tillerson, who leads the agency.

Sullivan told attendees:

“This forum has implications for our ongoing redesign efforts. We’re interested to learn whether blockchain technology can have direct applications to many of the key features of our proposed redesign.”

Tillerson first proposed the redesign, which seeks to save as much as $10 billion over five years, in September. And while Sullivan acknowledged blockchain isn’t a “panacea” to the agency’s problems, he emphasized that he’s keen to see the technology used to improve internal processes and capture efficiency gains.

The forum explored numerous ways in which blockchains might improve core agency mandates such as administering foreign aid, promoting democracy and improving governance and political institutions in U.S.-allied countries.

With that, Sullivan (who was appointed by President Donald Trump and sworn in this May) urged the agency and its stakeholders to think hard about how the technology could be deployed in a diplomatic context to strengthen national security and promote greater economic prosperity.

Identity is in

And at least some industry participants are taking Sullivan’s encouragement to heart.

For instance, Joseph Lubin, founder and CEO of ConsenSys, the New York-based blockchain development firm that co-sponsored the event, argued that a blockchain-based self-sovereign identity scheme could have an immediate and far-reaching impact toward the agency’s goals, especially those that have to do with humanitarian aid. 

Lubin told CoinDesk:

“Once people own their own identity, then they’re less enthralled to their governments and less subject to adverse situations like natural disasters and wars. So, if someone is ejected from their country, if they’ve already established self-sovereign identity they can reconstitute their life.”

Other speakers at the event agreed, with Ashish Gadnis, CEO of BanQu, a provider of identity and financial services in developing countries, highlighting the importance of end users owning, controlling and possibly monetizing their personal data.

“All the aid we give to refugees is one-sided. This means that they are recipients of transactions from people like us, yet … they don’t exist because they don’t own or control their own data,” Gadnis said.

Sullivan also gave credence to the idea that blockchain could combat pervasive challenges in the area of foreign aid distribution such as corruption, fraud and the misappropriation of funds. He continued, saying these same challenges might not only be solved in aid distribution, but also in other areas, such as eliminating the corruption in government’s control over land title registries in the developing world.

While the concept of a blockchain-based self-sovereign identity has been a favorite of the industry, it’s a particularly hard problem to fix – one that some believe depends on how advanced smart contract technology becomes, another area Lubin called attention to.

In his mind, constructing international frameworks and treaties using smart contracts could serve as a means to combat the “free rider” problems associated with agreements like the United Nations or NATO, both of which deal with member countries frequently failing to fulfill their financial commitments with little consequence.

U.S. wakes up

Yet, the State Department’s forum comes amid increasing interest by government agencies throughout the world to understand and harness the technology. While some governments have moved to ban cryptocurrency and the tools that have come from it, most are taking a more open-minded approach.

“Blockchain technology is on the move around the world, so it is, therefore, essential that we better understand this cutting-edge technology as it becomes more ubiquitous in our economy,” Sullivan said, highlighting ongoing distributed ledger projects in Estonia, Georgia, Dubai and Singapore.

Sullivan’s bullish remarks, coupled with growing interest from the State Department and other agencies within the U.S. government, are being well-received by the blockchain community.

Not only was ConsenSys a presence at the forum, but distributed ledger consortium R3, enterprise blockchain firm BitFury and a handful of industry startups were in attendance.

“We’re particularly excited that the U.S. is waking up, big time, and realizing that this is a transformative technology,” said Lubin, adding that he hopes the country will emerge as a critical agent in advancing the technology worldwide.

Lubin said:

“There are other smaller players who are embracing this technology strongly, but we do want to see America get out in front of this and transform society with it.”

US flag image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Interested in offering your expertise or insights to our reporting? Contact us at news@coindesk.com.

DIGI ready to reform the multi-billion dollar Digital Goods Industry

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The DIGI Token sale is coming to an end and the team is looking to raise enough funding to get their project off the ground. In many cases, this has been a very under hyped ICO but the team has strong visions for the future of their Blockchain based platform and Token.

 DIGI is an upcoming Blockchain service for digital goods and services looking to disrupt this multi-billion dollar industry. Market research sets the digital market at over $500 billion, which is more than three times the whole current cryptocurrency market cap. The DIGI team are looking to tap into this exponential market by creating a platform utilizing Blockchain that solves core issues of trading digital goods and services. The solution will ensure digital goods and services are easily accessible and affordable while creating a scalable platform with true global reach.

DIGI itself represents more than just a coin or marketplace, it envisions the future of downloadable digital goods and services, and the DIGI platform will be open for all types of digital goods including e-books, website templates, apps, video, audio, subscriptions, services and more.

DIGI Token holders will be able to either use their token within trading and exchange platforms or use their tokens to purchase digital goods or services from the DIGI marketplace.

There are many things to look out for when investing in a token sale and this brings us onto the following, all which DIGI seems to tick:

–       An Experienced Team
–       A Clear Vision
–       A Clear Roadmap
–       An actual viable product
–       Straight to the point no-nonsense whitepaper

50% Bonus!

To help reach their minimum funding goal DIGI is offering a huge 50% Bonus for any contributions above 10 ETH. This means you will receive 900 DIGI Tokens for 1 ETH. Please note: Bonus will be applied immediately after the token sale to all addresses who contribute more than 10 ETH from this period.

With the combination of a great team, a very viable product and a fixed supply of 98M tokens, DIGI seems ready to give a fantastic return for early contributors.

For contributions of less than 10 ETH you will still receive 600 DIGI per 1 ETH. The DIGI Token sale is ending soon. Visit digitoken.tech to find out more and contribute today.

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

Auctus Pre-sale Ends With Strong Numbers

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Auctus conducted a pre-sale between October 3rd and 6th. The team behind Auctus, who is building a platform for blockchain-powered pension funds, using Ethereum smart contracts, raised a total of 959 ETH (approx. USD 300,000), from 254 distinct investor addresses. Auctus had capped the maximum contribution per investor at 10 ETH and participants had to pre-register, this in an effort to prevent large investors from dominating the pre-sale and giving power to its community.

“Even though we were confident, we were thrilled when the minimum cap was reached already within a few hours. Having raised 240% above minimum target with a max of 10 ETH per contributor, shows the strength of our loyal community” said Felipe Silveira, Lead Developer at Auctus.

Momentum is good for Auctus

Auctus is launching its services at a time when some of the largest retirement service companies are trying to utilize blockchain technology because of its potential to increase efficiency in record keeping, document sharing, transaction settlements, contract execution, and business collaboration.

“We’re very excited about the potential blockchain has for us as a record-keeping system. It’s definitely a more secure record-keeping system than we already have in the industry,” said Roshina Nandra, vice president of Prudential’s retirement innovation lab, according to Bloomberg BNA.

Next steps

Auctus is expected to release a demo version of its Auctus Platform prior to the ICO. The team also stated that it is seeking to announce a pension advisory board, consisting of senior pension fund executives, as well as a strategic ICO partnership in due time.

Screenshot of Auctus Demo Platform

ICO whitelist open

The Auctus ICO whitelist has already been opened. Prospective ICO participants can register at auctus.org

Disclosure: This is a Sponsored Article

More Sideways Trading Momentum as Bitcoin Price Action Calms Down

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TheMerkle Bitcoin Price Sideways Trading

Weekends have always been notoriously horrible when it comes to cryptocurrency momentum. Albeit there have been some exceptions in recent weeks, things aren’t looking impressive by any means right now. The Bitcoin price is getting stuck in sideways momentum once again, with the value moving down toward $4,300 again.

Bitcoin Price Momentum Runs out of Steam

Most cryptocurrency users will agree the Bitcoin price has seen some positive momentum throughout the past week. More specifically, we started the week with a Bitcoin price of $4,285 and saw a high of $4,462 shortly after. Unfortunately, this positive momentum ran out pretty quickly, resulting in a fierce battle for control at the $4,300 mark. This is where we still are today, one week later.

It has to be said, things weren’t always looking great for the Bitcoin price this week either. At one point, the BTC value dipped all the way to $4,173.59. Although this is not the largest Bitcoin price dip we have seen in recent history, a did make some people wonder whether or not the $4,300 level could even be considered to be some form of support. Thankfully, the Bitcoin price leapfrogged back to that exact value less than 24 hours later.

Not much has happened to the Bitcoin price ever since that time, though. There have been a few attempts to establish a higher price point, but nothing materialized in the end. Breaching $4,400 was done successfully, but the price quickly went below this level again as people are seemingly purposefully keeping the BTC value down. It is unclear why $4,400 is such a major level, though, as it is still $600 removed from the current Bitcoin price all-time high.

At the time of writing, one Bitcoin is valued at $4.328.42, which represents a 1.72% decline over the past 24 hours. This is nothing to be concerned about, but traders also have to face the fact there will be a lot of sideways momentum moving forward. There is no indication of Bitcoin going up or down in any significant manner right now. It is certainly possible we will maintain a price of $4,150 to $4,350, but not much will happen outside of those “barriers”, so to speak.

Moreover, the Bitcoin trading volume is pretty abysmal right now as well. Granted, Saturdays and Sundays are never positive for cryptocurrency trading volume in general,  but it is still odd to see the Bitcoin trading volume below $1bn all of a sudden. This volume has been dwindling slightly all week, though, as Bitcoin has been unable to generate its “usual” $2bn in 24-hour volume for several days in a row now. Whether or not that situation will change, remains to be determined, though.

Bitfinex still remains the largest exchange by trading volume, followed by bitFlyer and HitBTC. Not seeing Bithumb back in the top three by now is somewhat of a surprise, although the Korean volume has been drying up slowly for Bitcoin all week. Whether or not things will pick up again, remains unknown, but for now, things aren’t looking all that great. Sideways Bitcoin price action is incredibly boring to look at, that much is certain.

PR: Etherparty Beta Goes Live with Three Real World Use Cases

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Etherparty Beta Goes Live

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

VANCOUVER, Canada, — Easy-to-use smart contracts creation platform Etherparty officially launched their beta release to over 500 pre-registered users. Three smart contract templates are currently available that will enable beta testers to create their own ERC-20 compliant Ethereum tokens, a crowdfunding contract, and a multi-party escrow agreement.

The beta will be a free access trial with smart contracts launching on the Ethereum Ropsten Testnet. Beta testers will receive an invitation via email to log-in. Users will be given test-versions of the in-app currency FUEL, and be able to experience the end-to-end process of creating and deploying a Smart Contract on the Ethereum network.

The intent of the Beta program is to allow users to select features on a contract, from templates composed of fully tested code that has a history of use on the platform – to ensure bug-free smart contracts are always available to launch.

Etherparty smart contracts will save developers time, cost and also reduce the corporate risk by deploying tested contracts with a proven track record,” said Etherparty Architect Brian Onn. “User feedback will be reviewed and incorporated into the platform for the next phase of development.”

Etherparty will enable anyone to create, publish, and integrate smart contracts into their business and application. The platform’s clean interface and ease-of-use will open the door to greater adoption of smart contract technology and the benefits around self-executing digital agreements.

“The cost of creating a Smart Contract is reduced significantly with Etherparty,” comments Lisa Cheng, Founder of the project, “Users will be able to see that they can launch a variety of Smart Contracts in minutes which would normally take months to create.”

The full version of the Etherparty platform will be released in 2018. Use of the platform’s in-app currency, FUEL, will be required to purchase and make use of any smart contract or tool available on the platform.

FUEL tokens are currently being sold via crowdsale for a discount ahead of the full version release. The Etherparty crowdsale runs until Oct. 29, unless tokens sellout prior.

Those interested in purchasing FUEL are encouraged to visitv the company website here or join the conversation on Facebook, Twitter, BitcoinTalk, and Telegram.

About Etherparty
Etherparty is a contract wizard that removes the complexity of creating, managing and executing smart contracts on multiple blockchains. The platform enables users with minimal knowledge of smart contract programming to create an enforceable, self-executing digital agreement for all types of transactions.

Company name
Etherparty
Media Contact
Todd Hauptman
Public Relations Manager[email protected]
-30-
Supporting Linkhttps://etherparty.io/team

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

The post PR: Etherparty Beta Goes Live with Three Real World Use Cases appeared first on Bitcoin News.

Bitcoin Price Analysis: There May Still Be Some Life in These Exhausted Bulls

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Over the last week, the BTC-USD market has seen some major price swings. At one point, the price nearly reached $4500 only to see it pull back down to the low $4100s. And now, within two days, the price has topped back out in the low $4400s. There has been some major chop and seemingly erratic dumps and price hikes, but overall there seems to be a common upward trent within the macro market movements:

Figure_1 (10).JPGFigure 1: BTC-USD, 4-Hour Candles, Bitfinex, Macro Trend

Since the bottom of the bear run last month, bitcoin has seen several rallies that have continued along a generally positive trend. The figure above shows a trend of higher highs, higher lows and an upper/lower boundary that is converging. This type of price activity is called a rising wedge.

Coupled with this price growth is a trend of decreasing volume throughout the length of the wedge. A rising wedge is generally a bearish trend that shows weakening bullish pressure as each subsequent rally becomes smaller and smaller. As the price corrects, there are rallies that bring the price to new highs, but ultimately rally on smaller and smaller volume.

As of the time of this article, the latest rally has failed to make a new high in the low $4400s. A breakdown of this wedge could lead to a substantial price drop of approximately $500 below the point of breakdown. The approximate price target would be around $3700.

Although rising wedges are bearish in nature, that doesn’t mean new highs aren’t in store for bitcoin. The macro trend is currently showing a potential bearish move, but there is still some strength in the market. The market is currently trending above the 50 EMA and 200 EMA which, by many standards, is representative of a trending bullish market. Although the price is trending upward and the overall EMA signals are showing potential upward continuation, there are pretty clear signs of bullish exhaustion on the macro scale:

Figure_2 (10).JPGFigure 2: BTC-USD, 4-Hour Candles, Bitfinex, Bullish Exhaustion

As stated earlier, the rising wedge is paired with decreasing volume which is a clear giveaway that upward momentum is waning. To complement this exhaustion, the RSI and MACD are showing clear signs of bearish divergence in the current market and are demonstrating a lack of the bullish momentum necessary to sustain a bull market.

If the rising wedge breaks to the bottom, we can expect the support levels to lie on the Fibonacci Retracement values shown above. The ultimate price target of the rising wedge would have BTC-USD testing the 50% retracement values.

On a very, very macro scale, there are clear signs of overall bullish exhaustion since the beginning of its run from the low $1000s:

Figure_3 (10).JPGFigure 3: BTC-USD, 1-Week Candles, Bitfinex, Macro Bullish Exhaustion

Two very clear indicators of bullish momentum loss lie on the RSI and the MACD. The price of bitcoin has pushed to strong, new highs but it has left the momentum indicators weakening. The RSI is showing strong macro divergence, and the MACD is on the verge of flipping bearish for the first time since the ETF was denied back in April.

It’s not hard to argue that bitcoin has seen heavy price growth and needs a little room to breath. It is entirely possible the market won’t see any strong pullback and it may go sideways. However, in the event that a sustained market pulls the price down, we can expect to find support along the midline of the Bollinger Bands in the low $3000s. It’s important that the above chart and market implications of this macro divergence are occurring on candles that are one week. So, while this doesn’t mean the market will just suddenly plummet, it is important to understand that a substantial price drop could be in bitcoin’s future.

Even though I gave plenty of bearish arguments, it should be noted that these predictions are on a macro scale, and the immediate trend is showing strong support along the 50 and 200 EMAs. The market is bullish until proven otherwise. As the saying goes: “the trend is your friend.” Bitcoin has had one heck of a year so far, but I think it’s important to point out the clear signs of a macro bullish exhaustion:

Summary:

  1. Bitcoin is finding support and showing a bullish trend along the 50 and 200 EMAs.

  2. On a macro level, the trend is pushing upward but is showing a potential bearish move if the market breaks out of the rising wedge identified in Figure 1.

  3. A breakout of this wedge would have its price target in the $3700s.

Trading and investing in digital assets like bitcoin, bitcoin cash and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

Brazil’s Largest Brokerage Creates XP Bitcoin

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Brazil's Largest Brokerage Creates XP Bitcoin

Brazil’s XP Investimentos signals its willingness to meet customer demand, filing patent on the brand XP Bitcoin. The move could legitimize bitcoin in the eyes of average Brazilian investors, despite the firm’s previous public protestations and warnings, bringing a Latin American powerhouse to the cryptocurrency marketplace.

Brazil is Big, Big, Big

Folha de S.Paulo (Folha), the highest circulating newspaper in Latin America’s largest country by population and territory, profiled bitcoin for its readers.

Folha is owned Groupo Folha which also operates Brazil’s most popular internet portal, Universo Online.

Tucked deep in the story is João Paulo Oliveira, chief analyst of cryptocurrencies at XP Investimentos (XP), Brazil’s biggest brokerage firm.

It’s no wonder Brazilians are looking for financial alternatives like bitcoin.

He’s quoted as being quite the Cassandra regarding bitcoin, urging regulation and legal oversight.

Even so, his company is said to be “starting to look at this [bitcoin] market,” according to Folha.

Allex Ferreira of Brazil’s Criptomoedas Facil, posted evidence XP has already petitioned to patent a brand, XP Bitcoin, presumably a future brokerage subsidiarity (see inset).

Brazil's Largest Brokerage Creates XP BitcoinScreen-shot of XP Bitcoin patent filing.

Brazil’s purchasing power parity outstrips all other countries in the region at 3.2 million Geary-Khamis dollars, an international standard. And when Brazil is combined with Mexico and Argentina, the three countries account for a clear super-majority of economic activity in Latin America.

A substantial move into the bitcoin space from Brazil would have far-reaching impacts.

Agnostic on XP Bitcoin

Criptomoedas Facil reported and editorialized on what XP Bitcoin would mean to a domestic investor class already populated by skittishness in its traditional financial sector.

The country has careened from crisis to crisis in recent years. Corruption plagues its politics, with impeachments and recriminations standard and ongoing.

Since 2015 its economy has been in utter free-fall, unemployment rising, catastrophic budget deficits, credit rating disasters and outlook, an inflation rate well-above seven percent. Its GDP fell consecutively, 2015 and 2016, the first time that’s happened in 80 years.

It’s no wonder Brazilians are looking for financial alternatives like bitcoin.

Brazil's Largest Brokerage Creates XP BitcoinProtesters in Brazil.

Mr. Ferreira is philosophical about XP Bitcoin.

“I believe it will not make the slightest difference in my business,” he mused.

As a Peer-to-Peer (P2P) broker himself, he understands what mainstream brokerages such as XP bring with them: government regulation and lots of it.

“A tightening of regulations and increased compliance and bureaucracy will actually increase market demand even more [for] P2P brokers and exchanges,” Mr. Ferreira noted, “which is impossible to be regulated.”

However, for “the common investor of XP, which is in the stock exchange, I believe that the possibility of expansion [into bitcoin] is positive.”

He goes on to lament liquidity issues and how XP will swing prices, but “in general, the arrival of such an exchange in the Bitcoin market is evidence that the industry is evolving and attracting the attention of investors and heavyweight speculators.”

What do you think? Are emerging markets like Brazil important to the success of bitcoin? Let us know in the comments. 

Images courtesy of: Criptomoedas Facil, Euler Hermes, Twitter. Sterlin Luxan contributed to this article. 

At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

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An Inside Look at Genesis Block — Hong Kong’s New Cryptocurrency Working-Space

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An Inside Look at Genesis Block — Hong Kong's New Cryptocurrency Working-Space

This past August news.Bitcoin.com reported on a ‘mystery miner’ from Hong Kong who helped jump-start the Bitcoin Cash blockchain. The miner, Wincent Hung, operated from an establishment located in Wan Chai, Hong Kong, which at the time was being built into a cryptocurrency working-space. According to Hung, the new the “Genesis Block” co-working space is now open and aims to increase virtual currency accessibility.

Also read: Here’s The Trading Center In HK Where They Mined Most of the Bitcoin Cash Blocks

The Miner Who Helped Kickstart Bitcoin Cash Has Opened His “Genesis Block” Working-Space in Hong Kong

An Inside Look at Genesis Block — Hong Kong's New Cryptocurrency Working-Space On August 1, the miner from Hong Kong who first initiated the mining of Bitcoin Cash (BCH) with the Chinese pool Viabtc, decided to advertise his new business by leaving his local address within the coinbase data of each block the pool processed. The address is a well-known hostel in the Wan Chai district of Hong Kong called “Kwong Wah Mansion,” which is located at 269-273 Hennessy Road. At the time, Hung told news.Bitcoin.com that the BCH mining was just for fun and a way to advertise his new business the Genesis Block.

News.Bitcoin.com chatted with Wincent Hung last night, and he told us the working-space is now open Monday through Friday, 9am-6pm.

“We aim at providing a space for the community to socialize and to increase the accessibility and liquidity of cryptocurrency,” Hung explains.

An Inside Look at Genesis Block — Hong Kong's New Cryptocurrency Working-Space

Delivering the Correct Message About Cryptocurrencies

The Genesis Block establishment provides services such as trading, a hot desk, co-working office space (for fintech, blockchain, and cryptocurrency-related projects), an event space, a mining rig reseller, and four cryptocurrency ATMs. Three one-way ATMs will procure bitcoin, Ethereum Classic, and Bitcoin Cash and a two-way bitcoin ATM is planned for mid-October.            

“The Genesis Block location is a physical setup, to make cryptocurrency more tangible,” Hung tells news.Bitcoin.com.

Cryptocurrency is new, actually not for some people, but many people have a misunderstanding, so we need a space to deliver the correct message to the public. We will also hold seminars and meetups at the center.

An Inside Look at Genesis Block — Hong Kong's New Cryptocurrency Working-Space

Genesis Block Owner: “Miners Mine for Profit”

Hung says the cryptocurrency working-space is open to the public, but the team plans to have its grand opening on November 3.

“So far we got a good response from the Hong Kong crypto-community,” Hung details. “So at least the community welcomes us. For general HK residents, we also think there will be a positive impact. We can guide anyone who wants to know more about crypto step-by-step.”

Seeing how Hung’s mining operation impacted the BCH network during its first week when his pool mined nearly ¾ of the entire network’s blocks, we decided to ask him if he was still mining any cryptocurrencies. “It depends on which one is more profitable,” Hung replies. So news.Bitcoin.com asked him to clarify if he was still mining both BTC and BCH chains. “Yup — Miners mine for profit,” Hung adds.

What do you think about the Genesis Block working-space establishment in Hong Kong? Let us know what you think in the comments below.  

Images via Shutterstock, and Wincent Hung. 

Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a forum, a casino, a mining pool and real-time price statistics.

The post An Inside Look at Genesis Block — Hong Kong’s New Cryptocurrency Working-Space appeared first on Bitcoin News.

What You Should Know about Cryptocurrency before Making an Investment

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If you want to learn more about this subject, you should already be used with the subject of cryptocurrency. If not, there are some basic notions you will want to know about. It is paramount to know what the money functions are and why it is required to know some things about them, about how the system works and how it can help your life become easier. Managing your own economy should be one of your goals in life. Even though it might sound a little bit utopian, thinking in perspective about the future won’t harm you in any way.

Context

For instance, when you have multiple sources of income and you simply cannot longer be efficient with managing your money, with paying taxes and being up to date with all the things you need to keep under control, you should start thinking about stepping to the next level. The more you contribute to the money circulation system, the more time, energy and value you spend. The system will reward you each time you actually get involved. Civilization evolves, systems evolve and money is no exception from the rule. So, in the past few years, people started focusing their attention on something bigger. Cryptomoney, the digital coin, ICO investments and everything related to it are now paramount for the society.

About ICO investments and cryptocurrency

Cryptomoney are digital or electronic assets that have the purpose of mediating or acting as an exchange medium using cryptography to secure transactions and control the creation of new possible currency units. The major difference that Bitcoin has introduced to the market is that it promised to be a unique decentralized system that has no other headmaster other than the one who uses the service. It doesn’t mean that this is necessarily true. Any cryptocurrency system that considers itself classic and plays by the rule should be centralized, controlled and super-regulated. A non-regulated system will work less rightful and will destabilize the market or negatively influence users.

ICO Investments are there to help you launch a new cryptocurrency. Even though you might think this is a complicated thing to do, you should know that hundreds of coins launch each year. The only things you have to do is getting yourself informed about this topic and understand how cryptocurrency is actually working. Also, you can start reading about people who already invested in this and follow up their progress. If you feel content with the way things are going you can start step-by-step your own journey. The marketplace should be your best friend during these times and you shouldn’t forget to constantly check what’s new in this field.

Final Thoughts

If you are thinking about making an investment in the vast domain of cryptocurrency, then don’t forget to remain in touch with it at all times. Spend some of your time making this important decision and when you are ready, don’t look back!

Tokenbox, an All-Purpose Solution for Fund Managers and Investors

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Addressing a major industry conference today in Barcelona, Viktor Shpakovsky, co-founder of  The Token Fund, a crypto asset investment vehicle, outlined the benefits he along with his colleagues are planning to bring to their new fund creation and management platform Tokenbox.

Announced last week, the Tokenbox’s Initial Coin Offering (ICO) starts Oct. 24, but until now only a few details of the venture have been released. Speaking at the three-day Blockchain Solutions Forum, Shpakovsky said Tokenbox is designed to serve the needs of fund managers and traders, on the one hand, and investors on the other. He said, 

“Today we have a lot of people who are interested in investing in crypto assets, and a lot of people interested in doing fund management.”

“What problems do funds and traders have? No tokenization. No smart contracts. Legal issues. Not much professional software. Little or no money under management. What problems do investors have? Shady funds and traders. Hidden portfolios. Lack of choice. Security issues. No fiat gateway. Tokenbox is an ecosystem aiming to solve all these issues at one place.”

Shpakovsky said traders and funds will be tokenized through the system’s web interface and be legalized through the system’s umbrella license. They will then gain access to a large community of already Know-Your-Customer, or  KYC,  authorized investors. Meanwhile, for their part, investors will get access to a wide range of funds and traders, which have already gone through all the Tokenbox’s strict due-diligence procedures.

Shpakovsky, his business partner Vladimir Smerkis, and their team are developing Tokenbox partly based on their experience creating The Token Fund, one of the first successful crypto asset funds. The fund, launched in March and priced at $10 per token, is now valued at about $40 per token.

With the Tokenbox ICO, the venture will offer a maximum of 31 million tokens at $1 each. The crowd sale is scheduled to begin Oct. 24, 2017. Tokenbox’s token symbol will be TBX.

During today’s presentation, Shpakovsky also said that a major emphasis is on the system security. Tokenbox’ partner company Group IB, an internationally recognized cybersecurity firm, is responsible for this. He pointed out that Ilya Sachkov, Group IB’s CEO, is among Tokenbox’s advisors, alongside renowned fintech expert Chris Skinner.

Tokenbox is a comprehensive system designed to supply all the trading and compliance infrastructure necessary to easily create new investment funds specializing in the fast-evolving cryptocurrency asset class. Tokenbox is headquartered in Moscow, at 2nd Paveletsky Dr. 5/2. Its Initial Coin Offering is scheduled to start Oct. 24 and will be conducted under Cayman Islands jurisdiction. The closing date is Nov. 7.

Coinbase Under Investigation for Ethereum ‘Flash Crash’

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Coinbase Under Investigation for Ethereum 'Flash Crash'

The Commodity Futures Trading Commission is investigating Coinbase for an Ethereum “flash crash” that occurred in June. During the crash, the ETH exchange rate plummeted down in an instant, but quickly regained its price. According to Bloomberg, Ethereum dropped from trading at $317.81, down to 10 cents in a split second. However, its recovery was also swift. It regained a $300 price point in mere seconds. 

Also read: Switzerland’s FINMA Eyes Crypto Valley

The Boomberg article said, “The Commodity Futures Trading Commission has requested information from Coinbase Inc. about a June 21 incident on its GDAX platform in which the Ether digital token suffered a precipitous drop, falling to 10 cents from $317.81 in milliseconds before quickly recovering, said two people familiar with the matter.”

Could Margin Trading have caused the Plunge?

The CFTC is concerned that leveraged or margin trading may have precipitated the flash crash. Margin trading allows users to borrow money to trade. This is called trading “on margin” or “leveraged” trading.

Among the issues the agency is focused on is what role leverage might have played in the plunge, as Coinbase allowed traders to use borrowed money to make bigger wagers than would have otherwise been possible, said the people, who asked not to be named because the review isn’t public.

After the flash crash, Coinbase discontinued their margin trading service. Their actions quickly piqued regulatory interest and scrutiny.

The Cryptocurrency Wild West and Coinbase Cooperation

Regulators are now scrutinizing cryptocurrency exchanges even more. It comes as no surprise that the CFTC is thoroughly investigating Coinbase because the CFTC wants to control the “wild west” nature of the digital currency ecosystem. The Bloomberg article also pointed out that Coinbase had conducted $20 billion in cryptocurrency transactions.

“As a regulated financial institution, Coinbase complies with regulations and fully cooperates with regulators,” the company said in an emailed statement. “After the GDAX market event in June 2017, we proactively reached out to a number of regulators, including the CFTC. We also decided to credit all customers who were impacted by this event. We are unaware of a formal investigation.”

Even though officials and regulators are putting pressure on Coinbase, Coinbase doesn’t seem to be sweating it. They are fully cooperating with the CFTC’s investigation and even emailed this statement in response to the investigation:

“As a regulated financial institution, Coinbase complies with regulations and fully cooperates with regulators. After the GDAX market event in June 2017, we proactively reached out to a number of regulators, including the CFTC. We also decided to credit all customers who were impacted by this event. We are unaware of a formal investigation.”

Even though Coinbase is cooperating, some people are still curious about the cause of the crash.

What Initiated the Flash Crash?

Coinbase Under Investigation for Ethereum 'Flash Crash'

According to sources, the Ethereum flash crash was caused by one monstrous trade. A single $12.5 million dollar sell order triggered auto-trades preset by other traders. This resulted in the immediate crash down to 10 cents. Luckily, as soon as Ethereum hit the 10 cent mark, a multitude of traders immediately placed new orders for the digital currency. This caused a jump back to around $300.

It is currently unclear if margin trading was the culprit, or if Coinbase was culpable for the incident. Regardless, the cryptocurrency and bitcoin markets will continue to generate mainstream regulatory scrutiny, as well as mainstream adoption.

What do you think of the Ethereum “flash crash” on Coinbase? Was it caused by margin trading? Even if Coinbase had a hand in it, is it up to regulators to control the markets and market actors? Let us know in the comments below.

Images courtesy of Shutterstock and Cryptocompare

Bitcoin.com is the most unique online destination in the bitcoin universe. Buying bitcoin? Do it here. Want to speak your mind to other bitcoin users? Our forum is always open and censorship-free. Like to gamble? We even have a casino.

The post Coinbase Under Investigation for Ethereum ‘Flash Crash’ appeared first on Bitcoin News.

How some exchanges are damaging new entry into crypto-currencies

It is easy enough to see live prices for pretty much any currencies so you imagine making the choice when you want to buy some it should be pretty easy to see the best prices right? Well no put simply, which is leaving a huge gap for what I can only call a rip off type situation that is most likely to detrimentally effect the most vulnerable group of people, those being new adopters.

0.85 ETH is roughly worth $270 at time of writing

Lets say we are a new buyer, just been paid and eager to spend a little on some ETH, a quick google reveals a plethora of options to spend some FIAT and get some coins. As I’m eager/naive or I want to trade straight away, I look at options to pay instantly with my debit card. I see many claiming to have the “best rates online” and do not have the whole day to figure out which really is the best and how it will compare to the actual current market price once bought so I chose one. (The “blind gamble” at this point from what I have seen can be up to 50% in some cases) So, I’ve clicked buy and spent $1000 on some coin, the coin arrives and I immediately notice my $1000 is now $700, I panic a little and try to find the market price and if it fell off a cliff while I bought or something weird, but it hasn’t moved …. so back to my wallet now to check, I had understood there would most likely be a fee on the transaction, maybe I was in for losing 5–10% for buying with a card at worst but 35%, what is going on?

WOULD YOU BE ANGRY YET?

Why are we letting this type of anger develop?

So, I’ll leave that there and just follow in with that by next month, with peaks and troughs, the currency I had bought was up by 20% but I was still down on my initial investment, I withdrew my money and put it down to something like a scam and vowed never to touch it again.

THE HIDDEN PROBLEM

Ok the problem is a little tucked away in the differences charged for payment types … as you can see from the screen shots we made a simple, free and impartial tool (it is not sponsored, endorsed, affiliated of anything like that) for people to avoid this trap.

If we protect growth it always does better

OUR AIM

Our hope is to save people some money and help protect any buys into crypto-currencies by providing this service and not having affiliate deals and so on. To that end we do take donations if anyone out there feels it will help adoption overall alongside maybe we saved you some money on your last buy in it all goes towards having more exchanges and getting our voice heard by more people out in the wild.

CLICK HERE to check live prices with payment options factored in

Get involved with our Reddit group here www.reddit.com/r/cryptomaximizer

If you want to help out any donation amount is appreciated …

Really you can!

BTC-1E8TG4aDU7rNo7Mk33gwhCvS2QtzHD7yJF

ETH-0xf0De6a3219BD34FBFe0c11b8Ec5a14Daa9ee0760

Free Talk Live’s Co-Host Discusses Bitcoin Radio Ads and Accepting Bitcoin Cash

Source

This week news.Bitcoin.com chatted with Ian Freeman, co-host of the libertarian political talk show Free Talk Live (FTL). The call-in radio talk show is syndicated on over 160 radio stations and was the first radio show in the world to start accepting Bitcoin for ad payments. The broadcast has national radio ads promoting bitcoin to thousands of listeners every week, and FTL just announced accepting bitcoin cash (BCH) for advertising spots during the show.

Also read: U.S. Regulators and Blockchain Advocates to Discuss ICO Implications on October 12

The New Hampshire-based radio broadcast FTL started in 2002 and is a call-in radio talk show that discusses subjects like anarcho-capitalism, free markets, cryptocurrencies, and other political topics. Since 2011 the syndicated show has accepted bitcoin for advertising and FTL’s national radio spots have advertised bitcoin for over six years. Ian Freeman gives our readers insight to why they started accepting BTC back in 2011 and also reveals the broadcast is now accepting bitcoin cash and dash for advertising spots.

Bitcoin's First Radio Ads: An Interview With Free Talk Live's Co-Host Ian FreemanFree Talk Live: ‘We’ve Played Recorded Ads for Bitcoin and Talked About Bitcoin Live On-Air for Six Years’

Bitcoin.com (BC): Can you tell our readers about what the Free Talk Live (FTL) broadcast is about?

Ian Freeman (IF): Free Talk Live is a nationally syndicated talk radio program heard on over 160 radio stations in the United States, online via podcast and live streaming, and internationally via Free-to-Air satellite over Sub-Saharan Africa and North and Central America. The show is live seven-nights-per-week 7-10pm Eastern time, and we are an open phones panel discussion with a pro-liberty, pro-peace, and pro-cryptocurrency viewpoint.

BC: You were the first radio broadcast to accept BTC payments for ads. When did FTL start getting involved with bitcoin?

IF: We had reported on bitcoin back in 2011 when the Silk Road was around and one of our advertisers at the time asked us to accept bitcoin as payment for ad time.

We weren’t too sure about it at the time, but we wanted to make our advertiser happy, so we agreed to accept a small portion of his ad buy in bitcoin. Over time, that percentage expanded to 100%. 

BC: Can you tell us how the bitcoin radio ads got started?

IF: My co-host and our head of sales, Mark Edge hammered out the details of what we wanted to promote and ads were then written and produced. We’ve played recorded ads for bitcoin as well as talked about bitcoin live on-air for over six years.

Bitcoin's First Radio Ads: An Interview With Free Talk Live's Co-Host Ian FreemanIan Freeman, co-host of the radio broadcast Free Talk Live tells new.Bitcoin.com how they started running bitcoin advertisements and FTL now accepts bitcoin cash for ad time.

BC: How many listeners hear these bitcoin commercials on the radio?

IF: It’s hard to really know. Our show is on everything from big radio stations to very small stations in various market sizes. We don’t pay Nielsen for ratings, so we can just guess (which is all they are doing anyway), and we think there may be around 250,000 unique listeners on the radio to Free Talk Live every week. We keep a detailed, accurate affiliates list.

BC: FTL recently decided to accept ad payments in bitcoin cash correct?

IF: Yes, we are now accepting bitcoin cash for advertising in addition to bitcoin core and dash.

I don’t know if bitcoin core is going to continue to stay on top forever and it’s hard to pick a winner with all the competition out there. If an advertiser wants to pay in Bitcoin Cash, we’ll certainly accept it.

The Soundcloud link below is one version of the new U.S. bitcoin advertisements aired by Free Talk Live.

Do you listen to Free Talk Live? What do you think about the show’s bitcoin advertisements? Let us know what you think in the comments below.

Images via Shutterstock, and FTL

At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Free Talk Live’s Co-Host Discusses Bitcoin Radio Ads and Accepting Bitcoin Cash appeared first on Bitcoin News.

Whats is so important about bitcoin?

Whats is so important about bitcoin?

So lets start out by saying that the term Bitcoin has now been coined as referring to the cryptocurrencies that there, and there are many.

Recently in the past week, I studied about the possibilities for joining a Bitcoin Mining Pool, Faucet Sites, Rewarding Sites, and Forum utilization.

At this point it all seemed very important, until I found out how to mine bitcoin with a rig I was trying to earn it through the internet.

When it comes down to it, I will be creating a mining rig, pooling websites, apps, bots and just about anything I can understand, and I suggest you do the same. Unless you have already started.

Don’t get me wrong, being a developer is no joke. Although with the way the currencies are working and what is being produced, I see a bright future in the involvement of the currencies directly established into easy rewarding websites.

Enough about what people do and want, the secret is this, network to get coins or rewards. I mean we all knew that right? So the real question is how. SEO? Just maybe.

By the way if you want to start now and Join us on Moon Faucet for Coins!

Bitcoin

DogeCoin

LiteCoin

Qoinpro Multi Faucet

Freebitco.in

The Alt coin world!!

The Alt coin world!!

I read this answer on Quora last week about how Matej Galvanek does his research about various alt coins that exist.

You can read his answer over here.

Some of the things that I thought were interesting are given below:

Steps

First I have to strongly believe that whole industry (cryptocurrencies) is disruptive and is here to stay and take over. And that belief must come from understanding, not blind wishes. For that, some studying is necessary - I read BTC whitepaperand Whitepaper of every cryptocurrency from TOP 10 by market cap to develop a strong base knowledge of the industry. I ask questions on reddit, etc. I stay clear from spam Facebook groups full of hyped up people talking about random price fluctuations.Then I start researching cryptocurrency by cryptocurrency. I quickly skim through the webpage. If I do not understand the key value proposition of the cryptocurrency, I write it off. I like to understand what I am buying, and there is lot of bullshit out there, with very unclear (if any) value proposition (usually anything regarding social media is bullshit).If I understand and like the value proposition of a coin or token, I am going to see under which blockchain is it build. Most of them are build under Ethereum. So I ask myself - does it make sense to invest in this coin? Isn’t it better to invest directly into Ethereum? How are they correlated?If I see the coin is priced pretty low (comparing market cap), I might go directly for the coin. If it already went up couple of hundreds or thousands of %, I might as well invest directly into ETH.When I decide the price is right, I am going to dig deeper - reading whitepaper, reddit boards (sometimes you find pearls like this ). I ask some hard questions -Is it inflationary and how much? Is it valuable for this project to use blockchain? Most of the services could just as well use SQL database and it wouldn’t matter. I beware of same old business disguising itself as disruptive blockchain tech. There are plenty of them.I pay special attention to team - who are these guys? How experienced are they? Are they fully committed or is this just a sidekick project? Especially - who are developers and how many of them is there? If I see 7 founders, and only 1–2 are devs(the rest usually being “marketing, community management, finance, sales, visionary…”) I run away.If the coin passes all these filters, I am going to close my eyes and buy for couple of bucks. I always only buy for as much as I can lose. I am not going to daytrade, stare into charts or panic sell. I am going to let it lie for 1–5 years, occasionally watching and reading the news about project. I also set up some sell limit order for 1/3 - 1/2 of the investment for 300% - 600% to secure a profit and freeroll if it spikes suddenly (which happens a lot here), depends on the coin and my faith in it.

Using these steps, I thought of building a research journal about every Alt coin that has existed, so that investors do not have to dig deep into researching white papers, blogs, articles, news, etc.

Each week I’ll be publishing about one or two crypto currencies here on Medium and also my blog (which is tba). I’ll be researching their white paper, the team behind it, use case, any significant news which might affect its price, articles from experts about this currency etc. Here on Medium, I’ll just be giving a short summary about that currency, and the rest of detailed article can be found on my website or blog, whatever you’d like to call it.

The Alt coin world!!

The Alt coin world!!

I read this answer on Quora last week about how Matej Galvanek does his research about various alt coins that exist.

You can read his answer over here.

Some of the things that I thought were interesting are given below:

Steps

First I have to strongly believe that whole industry (cryptocurrencies) is disruptive and is here to stay and take over. And that belief must come from understanding, not blind wishes. For that, some studying is necessary - I read BTC whitepaperand Whitepaper of every cryptocurrency from TOP 10 by market cap to develop a strong base knowledge of the industry. I ask questions on reddit, etc. I stay clear from spam Facebook groups full of hyped up people talking about random price fluctuations.Then I start researching cryptocurrency by cryptocurrency. I quickly skim through the webpage. If I do not understand the key value proposition of the cryptocurrency, I write it off. I like to understand what I am buying, and there is lot of bullshit out there, with very unclear (if any) value proposition (usually anything regarding social media is bullshit).If I understand and like the value proposition of a coin or token, I am going to see under which blockchain is it build. Most of them are build under Ethereum. So I ask myself - does it make sense to invest in this coin? Isn’t it better to invest directly into Ethereum? How are they correlated?If I see the coin is priced pretty low (comparing market cap), I might go directly for the coin. If it already went up couple of hundreds or thousands of %, I might as well invest directly into ETH.When I decide the price is right, I am going to dig deeper - reading whitepaper, reddit boards (sometimes you find pearls like this ). I ask some hard questions -Is it inflationary and how much? Is it valuable for this project to use blockchain? Most of the services could just as well use SQL database and it wouldn’t matter. I beware of same old business disguising itself as disruptive blockchain tech. There are plenty of them.I pay special attention to team - who are these guys? How experienced are they? Are they fully committed or is this just a sidekick project? Especially - who are developers and how many of them is there? If I see 7 founders, and only 1–2 are devs(the rest usually being “marketing, community management, finance, sales, visionary…”) I run away.If the coin passes all these filters, I am going to close my eyes and buy for couple of bucks. I always only buy for as much as I can lose. I am not going to daytrade, stare into charts or panic sell. I am going to let it lie for 1–5 years, occasionally watching and reading the news about project. I also set up some sell limit order for 1/3 - 1/2 of the investment for 300% - 600% to secure a profit and freeroll if it spikes suddenly (which happens a lot here), depends on the coin and my faith in it.

Using these steps, I thought of building a research journal about every Alt coin that has existed, so that investors do not have to dig deep into researching white papers, blogs, articles, news, etc.

Each week I’ll be publishing about one or two crypto currencies here on Medium and also my blog (which is tba). I’ll be researching their white paper, the team behind it, use case, any significant news which might affect its price, articles from experts about this currency etc. Here on Medium, I’ll just be giving a short summary about that currency, and the rest of detailed article can be found on my website or blog, whatever you’d like to call it.