Day: August 13, 2017

With Bitcoin prices reaching $4,000 and setting a new floor, the question on investors’ mind is whether or not the price will keep its massive rally. There are two main opinions on the future of Bitcoin’s price, some argue it will keep rising to $5,000 or even $6,000 levels, while others believe that these price gains are unsustainable and a crash is imminent. What is interesting is nobody seems to think that prices will remain at the current levels, meaning this could be a good opportunity to take advantage of the volatility.

Key Points:

• Bitcoin price mania continues, traders scared of potential blow-off
• Scarcity of Bitcoin pushing the price up
• RSI @ 78 and still rising in overbought market

During continuous price rallies like these, greed and FOMO are one’s biggest enemies. If one gets too greedy by anticipating higher and higher prices, one will loose most of their profit when the inevitable crash comes. On the other hand, if one buys in during such a rally because of the fear of missing out (FOMO) one will most likely lose money during the slightest pullback.

A low risk strategy is to always buy on the dip and sell on the peak. While it is extremely difficult to predict peaks and dips precisely, by buying on the downtrend and selling on the uptrend one can maximize their chances of entering a good position. As a disclaimer the above is not trading advice, just general tips that can be found anywhere.

Speaking of peaks and dips, the current price rally resembles the new paradigm phase of a classic stock market bubble. Here is a comparison between a classic chart of a major bubble vs the current bitcoin price:

As you can see, the recent price rise since July of last year where Bitcoin was worth only $198 is extremely steep. While the same thing was said when Bitcoin peaked at $1200 back in December of 2013, traders weren’t completely wrong as the price dropped over 90% before starting its bullish run again. Thus, it is important to place stop-loss orders in case of an abrupt crash, as quick highs lead to quick lows.

On the other side of the order book, there are still plenty of bullish investors that believe Bitcoin’s price will continue its price hike. With the ongoing upgrades to the Bitcoin Protocol (hardfork, SegWit) and the increased scarcity of the market (BTC-E shut down, Bitfinex removing support for U.S traders, halvening effect) it is imminent that the market will keep its uptrend.

Theoretical speculation aside, its time to take a look at some technical indicators. RSI is still in the overbought territory at 78, it has been inching towards the overbought level since last week and two days ago finally reached 70. Meaning, the past two days the market has been in a dangerous territory.

Another fitting indicator is Elliot Waves. tradedevil provides the following chart from tradingview:

Elliot Waves move in 5 waves up 3 waves down. The above chart shows that if using the Elliot Waves analysis, Bitcoin’s price is expected to pull back to $3500 followed by another wave up to $4500 and beyond. After those waves however, the next three waves will be corrective dips in the market.

TradeDevil shares his tips in the recent market:

“Now is the time to be patient and sit for the entry that offers the right risk reward. If you’re long, this is a good time to tighten stops. If you’re a raging bull with a “HODL or die” mentality and willing to give back up to $500 of your profit, your opportunity to add is at $3,500. Just a reminder, FOMO is your enemy. Wait for your pitch.”

Disclaimer: This is not trading advice, this article is for educational purposes only.

NETANYA, ISRAEL AUGUST 14, 2017 Spheris is pleased to announce the official launch of their new multi-platform, open source Decentralized Application Marketplace. This innovative platform leverages blockchain technology, with the intention of revolutionizing the idea of application distribution by ending the reign of the centralized app stores controlled by large corporations. With the launch of Spheris, developers will have access to a free and uncensored app store that offers them hundred percent of the revenue as well as complete freedom in terms of development.

Distribution of apps has always been a major concern for independent developers. Over the years, they have been completely dependent on different software related marketplaces to reach out to their consumers. Although App stores provide them good exposure and payment related support, there is always a hefty price to pay. Moreover, developers are often left with no other option, but to compromise on the developmental aspects of their project to ensure the app’s approval and acceptance by the marketplace.

Spheris has been designed to free the independent developers from the centralized authority of the app stores and their self-defined rules. This decentralized platform is free, open source, and extremely easy and comfortable to use. There is no need for any bank or credit card company when using Spheris, and there is no censorship for the developers. Unlike the traditional app marketplaces, Spheris is available to all developers regardless of their age or country.

Catalog, Browser, Manager, Signal, and Storage are the five basic components of Spheris. The platform utilizes tokens as the currency for purchasing and selling apps. It also offers options to lease applications on a per-day, month, or yearly basis. There are many other custom subscription options available with Spheris.

Some of the most important benefits of Spheris are:

• Entry for all without any restrictions
• No censorship or central authority
• Members have the option to maintain anonymity
• Instant money transfer
• Ranking algorithms based on blockchain data to reduce malicious apps risk
• Apps cannot be removed by anyone except for the owner

To find out more about Spheris, please visit https://spheris.io/

Email: pr(at)spheris(dot)io

Disclaimer: This is a sponsored press release and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.

MAGOS is a complex AI forecasting model, based on a collaborative system of neural networks. It serves as a core for a fund that operates on Ethereum blockchain. By using the latest developments in AI and neutral networks, MAGOS is able to forecast the outcome of an event with a high degree of accuracy. The … Continue reading MAGOS – Oracle based on Artificial Intelligence

The post MAGOS – Oracle based on Artificial Intelligence appeared first on NEWSBTC.

A new age of digital economy is here! The modern digital industry these days is not limited only to robotics or virtual design media. New technologies like blockchain change the style of business and dramatically enhances its capabilities making business processes transparent and efficient. These changes are the opportunity to expand and create new markets and even more – the new economy. However, the growing markets require more legal and financial control to ensure the gradual growth and adoption by large business institutions.

The new blockchain breakthrough technology allows even today to create trustable and scalable solutions for international financial transactions, startup crowdfunding and manage new business investments. The Russian startup DARFChain (Distributed Accounting, Resource and Financial system in blockChain) recently reported the test results confirming successful synchronization for the distributed ERP system based on the blockchain technology (https://www.youtube.com/watch?v=YIFDO9mxaY4)  The solution was built using the components of the blockchain platform Waves, ERP system ODOO and BigchainDB database. System available for testing on project’s Github. Soon have plans to connect to other blockchains system, Ethereum first.

Planning the architecture of DARFChain

The test results are able to prove the system capability to track real time in trustable environment all major business components and transactions for the ERP powered company. These are the good news for the cryptocurrency investors, entrepreneurs and ICO startups looking for transparent solutions to monitor and control their investments from one side and provide trustable ICO opportunities from another.

The next big  goal of the project is to involve to the new blockchain economy, “tokenomy” small entrepreneurs (up to 120 million people in the world), cooperative members (about 250 million people in the world). They plan to give them the freemium ERP system to account for a variety of tokens, which, according to the project’s founders Stanislav Taktaev and Konstantin Bakulev, will help them solve the chronic problem of underfinancing by attracting investments in digital currencies and conducting mutual settlements in tokens.

Early, in Russian Forbes, founder of the international payment system ChronoPay Pavel Vrublevsky believes that the platform the DARFChain startup is being developed has very bright future. “The blockchain-powered ERP system is the foundation to build the new economy. If the business processes will be automatically monitored and transparent there will be no need to maintain credit ratings and agencies managing them. That means the stock market revolution is coming!”.

DARFChain is currently in the pre-ICO phase and the DARFChain token is available at the discount price of 4000-5000 satoshi. All received funds will be used to continue platform development and project expansion.

The purchase of DARF tokens is now profitable, as they are issued a limited number, and with the growth in demand for transactions in the trusted business environment, the price of the token that DARFChain releases will also grow.

The DARFChain functional prototype will be offered to control the DARFChain own ICO by crowdinvestors in October 2017. The DARFChain product version 0.1 will soon be available for public testing.

Follow our news and updates here:

• https://github.com/stanta/darfchain/

• https://www.facebook.com/DARFChain/

• https://twitter.com/DARFChain

• https://t.me/joinchat/AwK-gENtLR8IfVr0jVlUZA

• https://www.reddit.com/user/DARFChain/

Disclaimer: This is a sponsored press release and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.

USB devices are used on a daily basis around the world. Virtually every device one can think of seems to have a USB port of some sort. However, it turns out that electric signals from USB ports can expose sensitive information to an attacker who knows what he or she is looking for. This trend is known as channel-to-channel crosstalk leakage, and it can affect all types of devices.

USB Devices Can leak Sensitive Information

USB devices may not be as secure as was originally assumed. This is not because they themselves can be tampered with, but rather that the protocol used to communicate through a USB port can leave sensitive data exposed. Voltage fluctuations of a USB port’s data lines can be monitored from any other port on the same hub or controller. This gives attackers access to such information which is unknowingly shared when these fluctuations occur.

No one would think that electric signals could be used to leak data to adjacent USB ports. Unfortunately, that is exactly the case. Imagine if this happened at public locations where people freely charge their phones or tablets. A malicious actor with an active data transfer connection could potentially capture information coming from those other devices. That would be quite problematic, to say the least.

Channel-to-channel crosstalk leakage, as this is known, can have severe consequences for anyone falling victim to it. Any type of information transmitted by one’s USB device in an unencrypted form can effectively be collected by an assailant targeting a different USB port on the same hub. It requires physical access to the hub or computer in question, since this information cannot be collected through software-based modifications. That is a good thing, but it does not necessarily alleviate the concerns associated with this security risk either.

Once the information is collected from USB devices, it can then be transmitted to a centralized server. If researchers determine which server is being utilized, they can shut it down without too much of a problem. Of course, that assumes people realize someone is snooping on them through the USB protocol in the first place. In reality, it is pretty difficult to spot this type of activity, as it does not draw more power nor does it give any indication that someone is actively scanning hubs.

Executing a successful channel-to-channel crosstalk leakage attack is not all that difficult. People have a tendency of picking up random USB drives when they are handed out free of charge or accidentally left behind. Many companies use free USB drives as a marketing tool, but they could just as easily be used to lay the groundwork for attacks such as this one. Very few consumers worry about potential security repercussions when using untrusted USB devices these days, and that situation will not change anytime soon.

Considering how our society relies on USB devices more than ever before, attacks such as these could become a lot more prevalent than assumed right now. Crosstalk leakage attacks constitute a very disturbing trend among cybercrime tools, although it may prove to be rather harmless in the long run. As it happens, no one knows whether such attacks have been successful already, simply that they are certainly possible. That free USB stick you were given last week may not be as innocent as you first thought.

There are quite a few projects out there that have tried to capitalize on the Bitcoin hype train. Given the current Bitcoin price trend, that is not surprising. Bitcoen is a very different type of digital currency that is borderline discriminatory. Advertised as a way to bring Jewish communities together, it is a Russian-designed international Jewish currency. Let’s see what Bitcoen is all about.

Bitcoen is not Bitcoin

Purpose-built cryptocurrencies are sometimes built on dubious claims for specific functions. For example, every cryptocurrency ICO these days issues an Ethereum-based token, even though they could often just use Ether instead. Then again, there would be little room to make money if no customer tokens were issued in the first place. Bitcoen is not necessarily about raising funds, but more about creating a new currency for Jewish communities worldwide.

Bitcoen is an electronic cryptocurrency based on the idea of Bitcoin as we know it today. The project was conceived by Viacheslav Semenchuk, a Russian businessman. He is in talks with various exchange platforms to turn Bitcoen into a currency designed to purchase goods and services. Rather than create a new global currency altogether, it was designed to be utilized by members of Jewish communities worldwide. This is a bit discriminatory, to say the least.

Bitcoen is designed to be pegged to the U.S. dollar, with every token to be issued having a net value of US$1 and retaining its value over time. If things go as planned, there will be 100 million Bitcoen in circulation when everything is said and done. The hope is then to raise the total market cap to US$1.5 billion in the first two years. This seems to hint at an ICO of some sort, although there doesn’t appear to be any reason to think Bitcoen will ever go over US$1 in value either.

Anyone in the world will be able to purchase Bitcoen tokens, which already defeats the purpose of having it be for the global Jewish community specifically. It is possible very few initial holders would be members of the Jewish faith, since there is no limitation as to who can buy large amounts of tokens. This seems like an interesting idea, but the way this group has been going about things is certainly raising a lot of questions. Indeed, it remains unclear how these tokens will be purchased in the first place.

Bitcoen will be managed by a so-called Council of Six comprised of Jewish representatives (once again, borderline discriminatory). This idea will probably receive considerable backlash from the Jewish community itself, as it may not necessarily feel it has any use for a native digital currency. Despite claims by Semenchuk to the contrary, there is no real evidence that this project is truly viable.

There are a lot of unanswered questions related to Bitcoen. It is unclear if this is a digital token issued on Ethereum, a cryptocurrency like Bitcoin, or a digital promise like OneCoin. The approach of launching this project almost defeats its entire long-term purpose altogether, which is pretty strange. It will be interesting to see how all this plays out, but it does not look overly promising for the time being.  They may just raise enough money to get things started, though.

Many artificial intelligence solutions absolutely demolished gamers in the past. The reigning Go champion will recall those games vividly. It now turns out video games are not safe from AI domination either. A new artificial intelligence solution designed by one of Elon Musk’s startups has defeated the world’s top Dota 2 players. The future of eSports may look very different in a few years’ time.

Dota 2 Top Players Get Toppled by new AI Solution

It is fun to watch artificial intelligence absolutely dominate the world’s most strategic minds when it comes to gaming. Whether we are talking about board games or video games, there does not appear to be any limit as to what these computers can do. Now that the world’s top Dota 2 players have suffered a major loss at the hands of OpenAI, things have taken an interesting turn once again.

OpenAI is one of the many startups owned by Elon Musk, a name with which virtually everyone on the planet is familiar by now. The company has come up with an impressive artificial intelligence solution capable of playing the popular game Dota 2. In fact, it took on the world’s elite players during Valve’s Dota 2 tournament held last night. The end result was a lot different from what most people expected, as the AI absolutely thrashed the top human players in the world with relative ease.

Considering that OpenAI is a nonprofit organization, in this case the development of the AI was merely for fun. The bot amassed sufficient knowledge to beat the world’s elite Dota 2 players after just two weeks of training. That training came in the form of real-time learning, which allowed the bot to amass “lifetimes of experience” in a short amount of time. It will be interesting to see how this development affects the future of Dota 2, which has been rumored as an official competitive event in the 2024 Olympics.

Elon Musk is understandably excited about this development, as it is the first recorded instance in which an AI has beaten a pro at competitive eSports. This will not be the last time either, as there is still a lot of room for improvement to the technology. This demonstration was limited in its approach. Only a few variables of gameplay were used, yet it goes to show just two weeks of real-time learning can make a vast difference. If only we could bring this technology to serve us humans in some way, things would be only more intriguing.

Spectators present claimed that the AI bot had been more than capable of mimicking “human” movements and tactics. Dota 2 pro Danylo Ishutin got defeated twice in quick succession and decided not to partake in future games against the bot. It is not entirely surprising to note such a decision, since no one wants to be made a fool of by an opponent no one can see. He also felt the opponent showed some human traits, though performance-wise it was a few levels above any human player.

The future of artificial intelligence is looking very bright right now. Some people will claim beating eSports players is not a major development, but they would be missing the point entirely. There is no reason to think eSports are easy; otherwise, everyone would do it. Just because it is a concept few people grew up with does not mean it is something humans could pick up in just two weeks. Amazingly, artificial intelligence solutions learn these skills in that amount of time.