Day: August 26, 2017

23rd August 2017 – FARAD Cryptoken (FRD) announces its Pre-ICO Token Swap which will run from 25th August 2017 (13:00 GMT) to 14th September 2017 (23:59 GMT), followed by the actual ICO from 15th September to 30th September 2017, where 1.28 billion FRD will be offered for sale. FARAD sets itself apart from other cryptocurrencies … Continue reading FARAD CRYPTOKEN ANNOUNCES PRE-ICO TOKEN SWAP

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In an interview with Bloomberg, Bitmain CEO Jihan Wu says Bitcoin could possibly reach $100,000 in five years.

Facial recognition technology will always be subject to a lot of debate and controversy. The average consumer should not look forward to being affected by facial recognition technology. Residents of Berlin are voluntarily signing up for such a program, though. This experiment with facial recognition technology will leave the community divided for quite some time to come.

A Six-month Facial Recognition Trial in Berlin Worries People

Many Germans are not in favor of facial recognition technology. However, the current trial taking place in Berlin as also received a lot of community support. There are plenty of volunteers who are signing up for this six-month pilot program in Berlin. It is still a bit unclear what this experiment will be used for. Additionally, there is a fair amount of negative feedback claiming this is just an increase in city wide surveillance.

The project was created by German Interior Minister Thomas de Maiziere. He visited the Sudkreuz train station in Berlin earlier this week, which is one of the primary locations for this surveillance experiment. Thousands of consumers pass through this station on a daily basis. De Maiziere is also responsible for domestic security in Germany, which explains why he is so interested in facial recognition technology right now. Figuring out how this technology can be used to make the country safer appears to be one of his primary objectives.

At the same time the Minister was there, consumers held a protest against this increased level of surveillance. There are a lot of people who actively oppose the idea of more civilians in Berlin, even though one has to be wary of terrorist activity as well. According to the activists, the trial should be ended as soon as possible, but that is likely not to happen. Creating more extensive profiles of local residents is a big concern, for obvious reasons. The activists feel this pilot program is collecting a lot more information than initially admitted.

So far, 300 testers have actively volunteered for this facial recognition program. All test subjects carry a transponder which should only transmit information on the temperature, battery status, and signal strength. However, the activists claim the angle and acceleration of tests are recorded as well, which would allow nefarious individuals to successfully spy on other users. One activist used his smartphone to track testers within 20 feet and got a lot of results.  

The German Data Protection Commissioner is not too happy about the active technology being used to conduct this trial. Using a passive solution would have been received better by the general public, in her opinion. The transponder constantly provides information which anyone can intercept with relative ease. It appears most of the testers have not been informed about this aspect and what type of information it effectively transmits. So far, none of the testers have openly complained about this project, though.

Officially speaking, this experiment is designed to enhance public safety across Germany. Every form of video surveillance can both be useful and an invasion of privacy at the same time. For the time being, this technology is not designed to track shoplifters or other low level criminals but focuses on terrorists and serious offenders. The program has been going on since early August of 2017 and seemingly will continue to run without being halted whatsoever. After the trial, a decision will be made whether or not automatic facial recognition will become a common trend in all of Germany’s train stations and other public spaces.

With the Monero price going up over the past 24 hours, it is not entirely surprising some other coins will see similar momentum right now. Interestingly enough, one of Monero’s “competitors” is showing some positive signs of life. Dash has gone up by as much as 11% over the past 24 hours, which is quite significant. All of this goes to show there is a growing demand for privacy and anonymity in the world of cryptocurrency these days. Once Bitcoin gets some more features in this regard, there will be even more market competition.

Dash Price Tries to Stay Above $350

The year 2017 has been pretty spectacular for Dash, as it has been for virtually all other altcoins so far. In fact, the Dash price has gone from $11.5 in September of 2016 to this new all-time high of $348.67. That is quite a remarkable price growth, as very few currencies ever go up so much in value without a significant retrace. Although Dash has seen a big correction earlier this year, the price has remained bullish throughout the rest of the year without hesitation.

To put this into perspective, the Dash price has gone up in a straight line over the past three months. With a value of $118.9 at the end of May 2017, many people assumed the Dash price had reached its peak for the year. Everyone who sold at that price will have made a good profit, but it was only a sign of things to come. After all, the surge to $348.67 in the past 24 hours goes to show there is still a lot of room for future improvements as far as this value is concerned.

It is not entirely surprising to see the Bithumb exchange push the Dash price up quite a bit right now. We have seen this zero-fee Korean trading platform show similar signs of bullish behavior for all other currencies on their platform, with the exception of Ethereum and Ethereum Classic. Dash is only the latest coin in a growing list of coins getting “pumped” through this exchange, with the rest of the world following Bithumb’s example, by the look of things.

More specifically, Bithumb generated nearly 50$ of all the Dash trading volume over the past 24 hours. Do keep in mind this volume sits at just $77.5m right now, which is rather small compared to most other major alternative cryptocurrencies in existence. Poloniex is in second place with $9.7m, followed by HitBTC of all exchanges. Considering how Dash is listed on all big exchanges, one would expect some other names on this list right now but that is not the case. The Korean Won and US Dollar are the only two fiat currency gateways in the Dash market top 10 right now, which isn’t necessarily a good or bad sign.

All things considered, this Dash price surge isn’t entirely surprising right now. Not just because Monero shows similar bullish signs, but merely as a result of the good news surrounding this altcoin in recent weeks. Good things are happening for Dash and their upcoming conference in London will get a lot of attention, by the look of things. Moreover, there is a growing focus on both privacy and anonymity in the cryptocurrency sector these days, that much is obvious. Dash is certainly a major contender in this regard.

It will be interesting to see how the Dash price evolves over the coming months and years. This current price increase is quite significant and should not be underestimated by any means. Maintaining such momentum for an extended period of time will be a whole different matter altogether. So far, Dash holders will be quite pleased with these developments, but it is certainly possible the price may continue to rise for quite some to come. Reaching a Dash value of $400 or even $500 is not entirely impossible.

Yahoo Finance

Bitcoin ETFs: More Issuers Join the Race Yahoo Finance The rising tide for cryptocurrencies like bitcoin, Ethereum and Ripple have lately shaken the investing world. Among the lot, bitcoin has been firing on all cylinders since the beginning of 2017, having hit a series record highs. In three months, the ... and more »

There have been some major Monero price movements over the past 12-16 hours. As mentioned yesterday, it appeared the XMR price was heading toward the $100 mark, but it eventually surpassed that by quite a margin. Right now, one XMR is valued at $124.69, indicating there has been another 26.88% price increase in the past 24 hours. This has nothing to do with the Bithumb exchange necessarily, as their Monero trading market still hasn’t opened at this point.

Monero Price Broke $125 Earlier Today

It has been quite the wild ride for Monero holders over the past week. After a sudden price jump across the exchanges earlier this week, a lot of people were confused as to what was going on. With a second price jump taking place last night, the confusion is only growing. It seems this is about a more than just mere price speculation related to the upcoming XMR listing on the South Korean Bithumb exchange. Do keep in mind the expectations are high for this market right now, yet things can head in either direction at this point.

To put this into perspective, Monero only has $160m worth of 24-hour trading volume. Most of this volume is a result of the recent price spike and not a contributing factor, mind you. Earlier this morning XMR hit 0.0295 BTC on Poloniex, at a time during which the market’s total trading volume was still below $100m. It is evident a lot of people showing increasing signs of FOMO and want to board this train before it all comes crashing down. That is, assuming the Monero price will correct itself, which may not necessarily happen anytime soon.

If there is one valid lesson in all of cryptocurrency, it is how investors should never buy at the top whatsoever. Although the Monero price seemingly has no top right now, it is evident there will be a lot of resistance on the charts moving forward. Then again, there are fewer XMR in circulation compared to bitcoins, which could yield some interesting results over time. The market cap of Monero is also growing quickly and is well underway to surpass the $2bn mark in the coming hours or days if this trend keeps up. All of this is occurring with a rather low trading volume, mind you, which is pretty significant.

One thing that could be quite disconcerting is how nearly half of all Monero trading volume comes from the Poloniex exchange. Bittrex and Bitfinex still complete the top three, just like they did yesterday. Unfortunately, the Monero price momentum seemingly relies heavily on how Bitcoin is doing. Although the Bitcoin price isn’t doing bad by any means, a major correction could send all other altcoins spiraling downward. It is unclear what the future price direction will be for XMR, but rest assured there is a lot of excitement right now, for obvious reasons.

Considering how the Korean Bithumb exchange can easily double or triple this trading volume when the market opens, a lot of interesting things are bound to happen for Monero. The chart can turn even greener or go deep red in the coming days, that much no one knows for sure right now. It is equally possible Monero will become more valuable than Dash in the coming weeks, which would be a very spectacular development, to say the least. Right now, all everyone can do is speculate and hope for the best. People who sold their XMR before this price surge will be quite disappointed with their actions, but that is the life of a cryptocurrency trader these days.

All things considered, the Monero price increase is well overdue at this point. For the longest time, this currency has hovered around the $20 mark until it finally moved up to $35 earlier this year. This sudden growth will eventually come at a price, but for now, it is unclear how high the value can go. Caution is advised before getting swept up in all of this momentum, though. There is room for major profits, but also even bigger losses, depending on the time of your purchase and future expectations. Monero is certainly ‘stealing the show” right now, so to speak.

Cointelegraph latest price review.