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Israeli Government Announces New ICO Scrutiny

The Israeli government has recently announced, through the Israeli Securities Authority panel, that it will begin scrutinizing ICOs more carefully, and potentially regulati…

The Israeli government has recently announced, through the Israeli Securities Authority panel, that it will begin scrutinizing ICOs more carefully, and potentially regulating them.

Consumer Complaints Against Digital Currencies Increase Amidst Phenomenal Price Increases

The number of complaints against digital currencies that were filed with the US Consumer Financial Protection Bureau (CFPB) has increased by Up 5,971%, according to report …

The number of complaints against digital currencies that were filed with the US Consumer Financial Protection Bureau (CFPB) has increased by Up 5,971%, according to report by LendEDU.

DASH/USD and LTC/USD Technical Analysis August 31, 2017

Hello and welcome to News BTC’s Market Outlook Aug 31. DASH/USD DASH continues to go sideways in general, essentially making itself “dead money.” With this being the case, the market looks likely to use the $350 level as support as we continue to grind sideways but with a very slight upward tendency. With this, accumulation … Continue reading DASH/USD and LTC/USD Technical Analysis August 31, 2017

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Hello and welcome to News BTC’s Market Outlook Aug 31. DASH/USD DASH continues to go sideways in general, essentially making itself “dead money.” With this being the case, the market looks likely to use the $350 level as support as we continue to grind sideways but with a very slight upward tendency. With this, accumulation … Continue reading DASH/USD and LTC/USD Technical Analysis August 31, 2017

The post DASH/USD and LTC/USD Technical Analysis August 31, 2017 appeared first on NEWSBTC.

ETH/USD and ETH/BTC Technical Analysis August 31, 2017

Hello and welcome to News BTC’s Market Outlook Aug 31. ETH/USD Ethereum had a volatile session during the day on Wednesday, but ultimately found plenty of buyers. The $365 level underneath has offered plenty of support, and it looks likely that the market continues to find buyers in that area, perhaps reaching towards the $400 … Continue reading ETH/USD and ETH/BTC Technical Analysis August 31, 2017

The post ETH/USD and ETH/BTC Technical Analysis August 31, 2017 appeared first on NEWSBTC.

Hello and welcome to News BTC’s Market Outlook Aug 31. ETH/USD Ethereum had a volatile session during the day on Wednesday, but ultimately found plenty of buyers. The $365 level underneath has offered plenty of support, and it looks likely that the market continues to find buyers in that area, perhaps reaching towards the $400 … Continue reading ETH/USD and ETH/BTC Technical Analysis August 31, 2017

The post ETH/USD and ETH/BTC Technical Analysis August 31, 2017 appeared first on NEWSBTC.

BTC/USD and BTC/JPY Technical Analysis August 31, 2017

Hello and welcome to News BTC’s Market Outlook Aug 31. BTC/USD The Bitcoin markets were reasonably quiet during the session on Wednesday, as we find ourselves awaiting the jobs number. Ultimately, looks as if the Bitcoin markets are still very much in an uptrend, and the $4500 level has offered support. So, I am looking … Continue reading BTC/USD and BTC/JPY Technical Analysis August 31, 2017

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Hello and welcome to News BTC’s Market Outlook Aug 31. BTC/USD The Bitcoin markets were reasonably quiet during the session on Wednesday, as we find ourselves awaiting the jobs number. Ultimately, looks as if the Bitcoin markets are still very much in an uptrend, and the $4500 level has offered support. So, I am looking … Continue reading BTC/USD and BTC/JPY Technical Analysis August 31, 2017

The post BTC/USD and BTC/JPY Technical Analysis August 31, 2017 appeared first on NEWSBTC.

Vending Machine Which Gives You Money and Stores Your Gold – GoldMint’s Custody Bot explained.

GoldMint is a project that backs its token with actual gold, making its tokens part of the extremely popular precious metal markets. However, GoldMint is looking to go beyond even that by vending gold and introducing “Custody Bot.” This post looks at GoldMint’s Custody Bot, what it means for the precious metal markets, and what it does for GoldMint. What is Gold Vending? Gold vending is a somewhat of a niche market, but is just about as straightforward as it sounds. Vending machines are filled with gold and then customers are able to purchase the gold from the machine. These

GoldMint is a project that backs its token with actual gold, making its tokens part of the extremely popular precious metal markets. However, GoldMint is looking to go beyond even that by vending gold and introducing “Custody Bot.” This post looks at GoldMint’s Custody Bot, what it means for the precious metal markets, and what it does for GoldMint.

What is Gold Vending?

Gold vending is a somewhat of a niche market, but is just about as straightforward as it sounds. Vending machines are filled with gold and then customers are able to purchase the gold from the machine. These have found particular popularity in the more affluent parts of the world, such as Dubai.

Gold Vending on the Blockchain

There are some obvious advantages to introducing precious metals to the blockchain. Representative tokens can be traded quickly, securely, and economically. The British Royal Mint even has decided to build a gold trading platform off blockchain technology. However, those are just digital gold products and do not provide the opportunity to vend or purchase gold on the blockchain. There is ample opportunity for that though. Individuals holding the right tokens could, in theory, purchase physical gold from a gold vending machine if it were connected to the blockchain. This is where GoldMint and their Custody Bot come in.

What is the Custody Bot?

GoldMint believes that the future of the gold market is automated vending machines where individuals can buy, sell, and trade gold. They want to make their tokens the units of trade for those transactions. Since GoldMint’s tokens represent and are exchangeable for real gold, the GoldMint team needed to have a way to verify the quality of gold that smaller sellers add to their blockchain. Gold on exchanges needs to be of a certain quality and GoldMint itself has rates its cryptoasset -called GOLD- against the London Bullion market. 1 GOLD cryptoasset is equal to 1 ounce of gold on the London Bullion Market (LBMA), which is rated 999 in purity. Thus, any gold that enters their ecosystem has to be that pure or derive pure gold content from weight.

The answer to this need was the Custody Bot. This is a device that is connected to the blockchain and performs many tasks for GoldMint and its users. It acts as temporary holding, purity inspection, long term storage, and a point of entry or sale for physical gold on the GoldMint blockchain. It is a multifaceted solution to the specific needs of GoldMint. GoldMint will also have investors who wish to add gold to the blockchain for speed and security -in exchange for GOLD cryptoassets-, but who are not large institutions or firms which can independently verify the purity of gold. Because of this, GoldMint needed a way to automatically inspect the various types of gold these investors want to add to the blockchain.

Custody Bot Is the Future of Gold Vending

Custody Bot also helps GoldMint because they wish to lend out physical gold as well as GOLD cryptoassets. This means that physical gold needs to be tested for the individual(s) receiving the loan. Think of this system kind of like Amazon Lockers or other drop off services where people can pick up packages left for them. It is not unlike that, however it is connected to the blockchain and has some really clever equipment -a spectrometer and weight- in it to inspect and verify its contents for gold purity. As outlined by their whitepaper, individuals will be able to buy gold with an array of payment methods and sell gold for GoldMint tokens at these vending machines.

GoldMint’s Crowdsale

GoldMint’s crowdsale starts on September 20, 2017 and participants will have the opportunity to purchase MNTP token, which will eventually migrate over to Graphene based blockchain under the name MNT. These tokens are needed to verify the GOLD transactions on GoldMint’s blockchain. GOLD is a cryptoasset which is representative of physical gold backed by the blockchain. 1 GOLD equals 1 ounce of LBMA gold. The more MNTP (MNT) a user has, the more transactions they can verify in GOLD. They are then compensated for mining in an amount of GOLD. Early investors into MNTP can expect to see some nice bonuses as well.

By securing gold on the blockchain and backing assets with that gold, GoldMint is changing the way that we will think about precious metal trading. Their Custody Bot will further revolutionize this concept by allowing individuals and smaller institutions to add their gold to the blockchain and manage that wealth with their GOLD cryptoasset, since it inspects the quality of all gold being added to the ecosystem. It also enables GoldMint to lend gold and safely store their physical gold assets while in transit.

Check out the Custody Bot here.

Website: https://goldmint.io

Blog: https://blog.goldmint.io

GoldMint’s Crowdsale: https://goldmint.io/ico

 

This is a sponsored post and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always conduct your own independent research.

 

Ethereum Price Technical Analysis – ETH/USD To Extend Gains

Key Highlights ETH price traded further higher and tested the $389-390 levels against the US Dollar. Yesterday’s highlighted a major bullish trend line with current support at $375 on the hourly chart of ETH/USD (data feed via SimpleFX) is still intact. The pair might trade in a tiny range above $370 before making the next … Continue reading Ethereum Price Technical Analysis – ETH/USD To Extend Gains

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Key Highlights ETH price traded further higher and tested the $389-390 levels against the US Dollar. Yesterday’s highlighted a major bullish trend line with current support at $375 on the hourly chart of ETH/USD (data feed via SimpleFX) is still intact. The pair might trade in a tiny range above $370 before making the next … Continue reading Ethereum Price Technical Analysis – ETH/USD To Extend Gains

The post Ethereum Price Technical Analysis – ETH/USD To Extend Gains appeared first on NEWSBTC.

It Only Takes One Judge to Confiscate Gold

Bitcoin’s decentralized nature has allowed it to evolve into a widely accepted and recognized digital currency, a safe haven asset and “digital gold.” Since 2016, Bitcoin has demonstrated a truly exponential growth rate based on various indicators including user base, trading volume, market cap and price. The Advantage of Bitcoin over more Traditional Assets Earlier this week, Ari Paul – the CIO and Managing Partner of BlockTower Capital who previously worked as the portfolio manager for University of Chicago’s endowment – emphasized the advantage of bitcoin over gold. Paul wrote: “To confiscate your gold requires just 1 judge. To confiscate your

Bitcoin’s decentralized nature has allowed it to evolve into a widely accepted and recognized digital currency, a safe haven asset and “digital gold.” Since 2016, Bitcoin has demonstrated a truly exponential growth rate based on various indicators including user base, trading volume, market cap and price.

The Advantage of Bitcoin over more Traditional Assets

Earlier this week, Ari Paul – the CIO and Managing Partner of BlockTower Capital who previously worked as the portfolio manager for University of Chicago’s endowment – emphasized the advantage of bitcoin over gold. Paul wrote:

“To confiscate your gold requires just 1 judge. To confiscate your (properly stored) crypto, the entire network must be shut down. Many people are responding by noting that someone could be tortured for their password or permanently detained. True, but a false binary. Consider that many Americans are the descendants of people who were able to feel oppressive regimes with the clothes on their back. Consider that many people eventually get out of jail, or even have their case dismissed, especially if they still have access to wealth.”

Because of its physical properties, gold can be easily confiscated by the authorities. Just late last year, Indian authorities confiscated gold from its citizens and households amidst an ongoing investigation into money laundering and a crackdown on illicit financial activities.

In an analytical blog post entitled “Clarification on India’s Gold Confiscation,” Armstrong Economics founder and CEO Martin Armstrong explained that gold and other assets can be seized by the authorities in India if citizens and households cannot prove those assets were purchased with taxed money. He wrote:

“The Indian society relies on cash for more than 90% of transactions, and nearly every aspect of daily life has been effected. This was a bold action to force the economy into a fully taxed society all for the benefit of the government, of course. The gold ownership is allowed provided you prove you bought it with taxed money.”

Immediately after the demonetization of 500 and 1,000 rupee banknotes, the Indian financial industry was forced to endure a serious financial problem revolving around the lack of fiat and limited circulation of its national currency. Almost simultaneously, Indian prime minister Narendra Modi led an anti-money laundering investigation. This led to the confiscation of gold and other precious metals based on the aforementioned taxed money policy.

As Paul noted, an investor’s ownership of gold could be disputed, seized by authorities and confiscated from rightful owners. With bitcoin, such confiscation is not possible without terminating the entire cryptographically-secured network, which is not possible given its hash power and distributed nature.

For many reasons including portability, security, liquidity and efficiency, bitcoin has overtaken gold as the premier global safe haven asset and long-term investment. An increasing number of professional, retail and institutional investors are purchasing bitcoin to hedge against global economic uncertainty and market instability.

Bitcoin’s market cap and rapidly increasing trading volume demonstrate a continuous increase in demand from investors across the world, particularly in China, South Korea, the U.S. and Japan. Even in India, which heavily relies on gold as a safe haven asset and long-term investment, the demand for bitcoin has risen to a point where the government is actively considering legalizing the digital currency.

Bitcoin Cash Price Technical Analysis – BCH/USD To Break Higher

Key Points Bitcoin cash price managed to gain bids near $520 against the US Dollar and currently attempting a recovery. This week’s long followed descending channel pattern with current resistance near $580 on the hourly chart of BCH/USD (data feed from Kraken) is about to break. The price may soon break the $580-600 resistance and … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD To Break Higher

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Key Points Bitcoin cash price managed to gain bids near $520 against the US Dollar and currently attempting a recovery. This week’s long followed descending channel pattern with current resistance near $580 on the hourly chart of BCH/USD (data feed from Kraken) is about to break. The price may soon break the $580-600 resistance and … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD To Break Higher

The post Bitcoin Cash Price Technical Analysis – BCH/USD To Break Higher appeared first on NEWSBTC.

Bitcoin Price Technical Analysis for 08/31/2017 – Aiming for $5000

Bitcoin price could be aiming for the top of its ascending channel but a couple of technical indicators are hinting at a potential pullback.

The post Bitcoin Price Technical Analysis for 08/31/2017 – Aiming for $5000 appeared first on NEWSBTC.

Bitcoin price could be aiming for the top of its ascending channel but a couple of technical indicators are hinting at a potential pullback.

The post Bitcoin Price Technical Analysis for 08/31/2017 – Aiming for $5000 appeared first on NEWSBTC.

Moscow Stock Exchange Plans Trading of Cryptocurrencies

The Moscow Stock Exchange in Russia plans to start the trading of digital currencies, as well as derivatives and exchange-traded funds (ETF) based on them.

The Moscow Stock Exchange in Russia plans to start the trading of digital currencies, as well as derivatives and exchange-traded funds (ETF) based on them.

Bitcoin Is Becoming a Popular Investment for Middle-Class Americans – Bitcoin News (press release)

Bitcoin News (press release)Bitcoin Is Becoming a Popular Investment for Middle-Class AmericansBitcoin News (press release)Bitcoin Is Becoming a Popular Investment for Middle-Class Americans Bitcoin has grown very popular in the U.S. and data shows the…


Bitcoin News (press release)

Bitcoin Is Becoming a Popular Investment for Middle-Class Americans
Bitcoin News (press release)
Bitcoin Is Becoming a Popular Investment for Middle-Class Americans Bitcoin has grown very popular in the U.S. and data shows the region is consistently one of the top three countries leading in bitcoin trade volume. According to a recent study from ...

and more »

Modum.io AG Announces its ITO Starting September 1, 2017

modum logoZurich, Switzerland – August 30, 2017 – On September 1, 2017 the MOD token is officially available in public crowdsale. In a private pre-sale, the token raised more than 1.25 Million USD for the innovative Swiss start-up, pioneering the use of blockchain and IoT technologies in the pharma supply chain. This week modum has announced a strategic collaboration with IOTA, starting with the acceptance of the IOTA token in the MOD crowdsale. Blockchain technology has the potential to create new foundations for global businesses. While most investors have seen interesting applications in fintech, modum.io is one of the few start-ups

modum logo

Zurich, Switzerland – August 30, 2017 – On September 1, 2017 the MOD token is officially available in public crowdsale. In a private pre-sale, the token raised more than 1.25 Million USD for the innovative Swiss start-up, pioneering the use of blockchain and IoT technologies in the pharma supply chain. This week modum has announced a strategic collaboration with IOTA, starting with the acceptance of the IOTA token in the MOD crowdsale.

Blockchain technology has the potential to create new foundations for global businesses. While most investors have seen interesting applications in fintech, modum.io is one of the few start-ups focused on the 8.1 trillion USD global logistics market.  

modum.io has developed sensor devices, which record the environmental conditions that a package has been exposed to while in transit. A sender can pre-program parameters into the blockchain, which enable notifications if a deviation in conditions that may affect the quality of the product has occurred. The records are immutable and auditable, fulfilling regulatory requirements. This passive monitoring strategy reduces the need for costly and inefficient actively-cooled transport solutions with a potential industry wide savings of 3 billion EUR per annum.  

MOD Tokens are backed by the business value of modum.io AG. The recently modified EU GDP regulation requires that pharma producers and the over 10’000 distributors deliver evidence that temperatures did not affect drugs in transit. This use case is an early application of blockchain technology in the logistics sector where a real, regulatory-driven market need for the technology exists.

After a successful first year of operations, modum.io AG announced its ITO in early August: 20.1 million MOD tokens will be available in a public crowdsale, each token coming with profit sharing and voting rights at established milestones to align the modum team with token holder interests.

modum.io’s CEO, Malik El Bay, explains: “We have a solid product with several successful pilot tests completed, a working hardware prototype, a strong team of developers, and a handpicked team of advisors. We are running this token sale to fundraise for the future development of modum.io and will give our cryptocurrency backers the same rights that institutionalized investors have.”

Recently, on August 21st, 2017, modum.io announced the start of a long-term strategic collaboration with IOTA by integrating IOTA tokens as an investment possibility in the MOD Token sale.  According to El Bay: “To execute our vision we need a technology for our sensor devices that allows the transfer of value without charging tremendous transaction fees. IOTA’s infrastructure will be very valuable to us and are working towards a proof-of-concept for our next industry tests. We plan to publish the results by fall 2017.”

Dominik Schiener, Co-Founder of the IOTA Foundation, won the Shanghai Blockchain competition with a supply chain application. According to Schiener: “It is great to see an IoT and Blockchain company, with a clear go-to market strategy, thinking about utilizing the IOTA infrastructure. modum.io is a blockchain enabler and we are eager to be one of the technologies behind the project.”

 

The invite only pre-sale for MOD tokens sold out promptly in its first day on August 11th. The public token sale, with 3 bonus tiers, will start on September 1st, 2017.
To participate in the MOD Token sale visit:   modum.io/tokensale
To download the modum.io white paper:    modum.io/whitepaper
Follow us on Twitter:                                       twitter.com/modum_io
Chat with us on Slack:                                     modum.io/slack

Press contact email address: [email protected]

Located in Zurich, between the “Crypto Valley” in Zug and Basel, a hub for major pharma players, modum.io is well positioned to bring their system to market. modum.io works from Technopark, a well-established centre for tech start-ups and innovation in Switzerland. The company benefits from strategic partnerships with the University of Zurich and the University of St. Gallen and industry partners, including Schaer Pharma, Variosystems, and Lykke Corp.

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

Dash’s Past, and Future: An Editorial

A look into Dash’s long development history, and news of a record-breaking $500,000 sponsorship.

A look into Dash’s long development history, and news of a record-breaking $500,000 sponsorship.