The 2016 Stella intiative by the ECB and the BOJ to adopt Blockchain technology for large banking transactions has determined that the technology is not ready to take over major institutional banking challenges.
Rememberful Bitcoin News.
The 2016 Stella intiative by the ECB and the BOJ to adopt Blockchain technology for large banking transactions has determined that the technology is not ready to take over …
The 2016 Stella intiative by the ECB and the BOJ to adopt Blockchain technology for large banking transactions has determined that the technology is not ready to take over major institutional banking challenges.
A new partnership between the seventh largest Indian state, Andhra Pradesh (AP), and WiseKey, a Blockchain security company, intends to manage the privacy of citizens’ personal information being stored on state databases.
A new partnership between the seventh largest Indian state, Andhra Pradesh (AP), and WiseKey, a Blockchain security company, intends to manage the privacy of citizens’ personal information being stored on state databases.
Barron’s |
3 Must Read Stories: North Korea Oil Ban, China’s Military Prepares, Bitcoin Bubble
Barron’s The speculative surge in the value of Bitcoin has seen the digital currency characterized as a bubble. Nobel Prize winner and Yale professor Robert Shiller has stoked the debate by comparing Bitcoin to other bubbles. CNBChas the details: “I’m not as … |
Barron's | 3 Must Read Stories: North Korea Oil Ban, China's Military Prepares, Bitcoin Bubble Barron's The speculative surge in the value of Bitcoin has seen the digital currency characterized as a bubble. Nobel Prize winner and Yale professor Robert Shiller has stoked the debate by comparing Bitcoin to other bubbles. CNBChas the details: "I'm not as ... |
The International Cherch of Blerk, a crypto-based 501(c)(3) and recognized religion, is revolutionizing peer-to-peer charitable works using crypto currency to target aid.
…
The International Cherch of Blerk, a crypto-based 501(c)(3) and recognized religion, is revolutionizing peer-to-peer charitable works using crypto currency to target aid.
Binance exchange has released a statement regarding the recent ruling by the Chinese government prohibiting ICOs in the country.
Binance exchange has released a statement regarding the recent ruling by the Chinese government prohibiting ICOs in the country.
The Xenio.io project is a decentralized gaming platform and blockchain. The project soft launch announcement was made on September 1, 2017, and the formal launch will take place in late September. The formal launch will coincide with the release of the source code for the blockchain and client application on GitHub, which is already well into development. We will also simultaneously be launching a crowdsale. The details of that campaign are pending. System Overview Xenio is a distributed, decentralized, open access gaming platform and blockchain based on a code fork of Ethereum. Xenio runs on its own dedicated blockchain, optimizing
The Xenio.io project is a decentralized gaming platform and blockchain. The project soft launch announcement was made on September 1, 2017, and the formal launch will take place in late September. The formal launch will coincide with the release of the source code for the blockchain and client application on GitHub, which is already well into development. We will also simultaneously be launching a crowdsale. The details of that campaign are pending.
System Overview
Xenio Economy
Platform Use
Challenges
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
Technology experts believe that Blockchain technology can be used to introduce major changes to the security industry.
Technology experts believe that Blockchain technology can be used to introduce major changes to the security industry.
GreenAddress (and its reimplementation GreenBits), the Bitcoin wallet that was acquired by blockchain infrastructure company Blockstream earlier this year, is the first mobile wallet to offer Segregated Witness (SegWit) transactions. This means that GreenAddress users are among the first to benefit from lower fees and faster transaction times enabled by the long-awaited protocol upgrade.
“The Bitcoin network is currently not being spammed, so transactions with low fees are getting confirmed — however, with SegWit the required fees are even lower; they’re almost cut in half,” GreenAddress developer Lawrence Nahum told Bitcoin Magazine.
Once upgraded, all new addresses generated by the GreenAddress wallet will be SegWit addresses (though wrapped in a P2SH address, so they still look the same as before). Receiving payments on these addresses does not differ from typical addresses in any way, nor does spending bitoins from different addresses. But when users spend the bitcoins from the SegWit addresses later on, the protocol upgrade is utilized. This outgoing transaction that requires lower fees will be included in a block more quickly.
GreenAddress is not the first wallet to enable SegWit: hardware wallets Ledger and Trezor introduced the new feature last week. But in both cases, of course, using the new feature requires owning such hardware devices. GreenAddress, on the other hand, is available to anyone with a smartphone or a computer; if the fees on competing wallets are too high, users can easily switch to GreenAddress.
“We are now the first mobile wallet to implement the solution, but I feel the ecosystem, unlike with previous soft fork upgrades, is moving really fast,” Nahum said. “Hardware wallets are leading, Armory also has support, Bitcoin Core will have it in the 0.15.1 release, and I’m sure the others will move fast as they have strong incentives: In GreenAddress transaction fees are pretty much halved.”
Interestingly, the malleability fix that Segregated Witness provides will be utilized by GreenAddress as well. Due to malleability — the ability to change the appearance of unconfirmed transactions — spending bitcoins from unconfirmed transactions could fail due to meddling of third parties. While this will not lead to a loss of funds, it could make for a bad user experience, which is why it wasn’t available to most users. With the malleability fix, this issue will now be resolved, and GreenAddress users can re-spend unconfirmed bitcoin balances straight away.
Over the years, GreenAddress has made a name itself by pioneering new features enabled by Bitcoin protocol upgrades. The wallet was, for example, the first to offer opt-in replace-by-fee, which allows users to bump the fee of an outgoing transaction. It was also among the first wallets to offer modern multisig addresses, the first wallet to include fee estimation instead of static fees, the first mobile wallet to support hardware wallets, and more.
The post GreenAddress Is Now the First Mobile Wallet to Offer SegWit Transactions appeared first on Bitcoin Magazine.
GreenAddress (and its reimplementation GreenBits), the Bitcoin wallet that was acquired by blockchain infrastructure company Blockstream earlier this year, is the first mobile wallet to offer Segregated Witness (SegWit) transactions. This means that GreenAddress users are among the first to benefit from lower fees and faster transaction times enabled by the long-awaited protocol upgrade.
“The Bitcoin network is currently not being spammed, so transactions with low fees are getting confirmed — however, with SegWit the required fees are even lower; they’re almost cut in half,” GreenAddress developer Lawrence Nahum told Bitcoin Magazine.
Once upgraded, all new addresses generated by the GreenAddress wallet will be SegWit addresses (though wrapped in a P2SH address, so they still look the same as before). Receiving payments on these addresses does not differ from typical addresses in any way, nor does spending bitoins from different addresses. But when users spend the bitcoins from the SegWit addresses later on, the protocol upgrade is utilized. This outgoing transaction that requires lower fees will be included in a block more quickly.
GreenAddress is not the first wallet to enable SegWit: hardware wallets Ledger and Trezor introduced the new feature last week. But in both cases, of course, using the new feature requires owning such hardware devices. GreenAddress, on the other hand, is available to anyone with a smartphone or a computer; if the fees on competing wallets are too high, users can easily switch to GreenAddress.
“We are now the first mobile wallet to implement the solution, but I feel the ecosystem, unlike with previous soft fork upgrades, is moving really fast,” Nahum said. “Hardware wallets are leading, Armory also has support, Bitcoin Core will have it in the 0.15.1 release, and I’m sure the others will move fast as they have strong incentives: In GreenAddress transaction fees are pretty much halved.”
Interestingly, the malleability fix that Segregated Witness provides will be utilized by GreenAddress as well. Due to malleability — the ability to change the appearance of unconfirmed transactions — spending bitcoins from unconfirmed transactions could fail due to meddling of third parties. While this will not lead to a loss of funds, it could make for a bad user experience, which is why it wasn’t available to most users. With the malleability fix, this issue will now be resolved, and GreenAddress users can re-spend unconfirmed bitcoin balances straight away.
Over the years, GreenAddress has made a name itself by pioneering new features enabled by Bitcoin protocol upgrades. The wallet was, for example, the first to offer opt-in replace-by-fee, which allows users to bump the fee of an outgoing transaction. It was also among the first wallets to offer modern multisig addresses, the first wallet to include fee estimation instead of static fees, the first mobile wallet to support hardware wallets, and more.
The post GreenAddress Is Now the First Mobile Wallet to Offer SegWit Transactions appeared first on Bitcoin Magazine.
CoinTelegraph |
Russian Authorities Arrest Three Men for Large-Scale Illegal Bitcoin Sales
CoinTelegraph Russian authorities arrested three men in September 2017 for their alleged involvement in the large-scale “illegal” sale of the digital currency Bitcoin over the past few years. The arrested individuals were being investigated for processing a high … Russia Has Opened Its First Criminal Case Involving Bitcoin Against Three Men Accused of Conducting “Illegal Banking”Bitcoin News (press release) |
CoinTelegraph | Russian Authorities Arrest Three Men for Large-Scale Illegal Bitcoin Sales CoinTelegraph Russian authorities arrested three men in September 2017 for their alleged involvement in the large-scale “illegal” sale of the digital currency Bitcoin over the past few years. The arrested individuals were being investigated for processing a high ... Russia Has Opened Its First Criminal Case Involving Bitcoin Against Three Men Accused of Conducting “Illegal Banking” |
What you need to know about the latest Bitcoin boom
BBC News A friend’s experiments with Bitcoin piqued his curiosity so he clubbed together with another pal to invest $1,000 in August. If they lose it, he says they won’t be too worried – the potential for a big return within the next few years is too … |
What you need to know about the latest Bitcoin boom BBC News A friend's experiments with Bitcoin piqued his curiosity so he clubbed together with another pal to invest $1,000 in August. If they lose it, he says they won't be too worried – the potential for a big return within the next few years is too ... |
Russian Authorities are cracking down tax-evading Bitcoin sellers, arresting three men for “illegally” selling Bitcoin.
Russian Authorities are cracking down tax-evading Bitcoin sellers, arresting three men for “illegally” selling Bitcoin.
Trading cryptocurrencies, especially Bitcoin is now very popular. However, there are not many forex brokers who provide sophisticated and comprehensive crypto feeds like SimpleFX. Moreover, this broker launched a new breakthrough — Crypto Indexes. There are many cryptocurrency exchanges, and the movement in each exchange is not necessarily the same. For example, on one crypto … Continue reading SimpleFX to Add Turbo Crypto Indexes
The post SimpleFX to Add Turbo Crypto Indexes appeared first on NEWSBTC.
Trading cryptocurrencies, especially Bitcoin is now very popular. However, there are not many forex brokers who provide sophisticated and comprehensive crypto feeds like SimpleFX. Moreover, this broker launched a new breakthrough — Crypto Indexes. There are many cryptocurrency exchanges, and the movement in each exchange is not necessarily the same. For example, on one crypto … Continue reading SimpleFX to Add Turbo Crypto Indexes
The post SimpleFX to Add Turbo Crypto Indexes appeared first on NEWSBTC.
After Labor Day weekend, many ETH-USD traders were surprised to find a 30% market drop over the course of 3 days. After an initial drop to the $330s, the ETH-USD market suffered another blow as China announced it will be banning ICOs and conducting rigorous investigations into several of the newer coins such as NEO and OMG. This announcement from the Chinese government prompted several large Chinese exchanges to begin delisting coins under investigation. After all was said and done, the drop to $280 marked a 38% retracement since ETH-USD bull run from $130 to $400 values:
Figure 1: ETH-USD, 4-Hour Candles, GDAX, Macro Bull Run
After seeing the test of the macro 38% Fibonacci Retracement values (shown above), the ETH-USD markets managed to bounce to the 23% retracement values. At the time of this article, the market is currently finding support at 23% retracement but the steam to continue a sustained bull run is waning.
Looking closely at the current trend, we can see a potential bearish continuation pattern called a “Bear Flag”:
Figure 2: ETH-USD, 4-Hour Candles, GDAX, Potential Bear Flag
A Bear Flag is a bearish continuation pattern that is characterized by higher highs, higher lows, and decreasing volume. Bear Flags are found at the bottom of bear runs and are sometimes referred to as “Bull Traps” because bullish traders are often caught in these patterns by mistaking the rally for a macro trend reversal.
Typically, the Bear Flag is formed by strong bullish traders buying what they predict is the bottom of the bear run. The initial purchasing power of the bulls begins to push out the bears who either wish to take profit or were late to the bear run — this is called a “short squeeze.”
However, one key characteristic to watch out for in trends like this is the drastically decreasing volume throughout the length of the run. The decrease in volume essentially shows the lack of buyers in the market as the price begins to climb, level out and ultimately reverse.
To calculate where the potential price target of this Bear Flag is, we must first calculate the “pole length” of the flag:
Figure 3: ETH-USD, 4-Hour Candles, GDAX, Bear Flag Pole Length
If this pattern breaks down and proves to be a successful Bear Flag, we can expect to see an approximate $90 move downward from the point of breakout. In our case, we could expect a retest of the of the 38% Fibonacci Retracement values ultimately leading to a test of the 50% retracement values shown in Figure 1.
As always, it is paramount to confirm the trend before trading it. Although Bear Flags are strong patterns and tend to have a high degree of success among some of the more seasoned traders, it is entirely possible the market could see a flood of volume to propel the price higher; alternatively, the price could simply level off and consolidate sideways. There is no rule that states “the market must continue downward.” However, for those looking to trade this pattern, it is advisable to wait for a downward price movement to be confirmed with strong, bearish volume.
Figure 4: ETH-USD, 1-Day Candles, GDAX
Zooming out to the 1-day candles, we see indications that a sustained bear market could be in store for ETH-USD. The 1-day candles reveal a bearish MACD with no clear signs of divergence (bearish momentum loss). A bearish macro MACD and waning volume on the lower timescales is a great indication of a potential prolonged bearish continuation.
China announced a ban on ICOs and began delisting several newer coins from their major exchanges.
There are macro and micro signs that a bearish continuation could be in store for ETH-USD.
Should the Bear Flag break to the bottom, we can expect a test of the mid-$200s.
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.
The post Ether Price Analysis: China’s ICO Ban May Lead to Further Pull-backs appeared first on Bitcoin Magazine.
After Labor Day weekend, many ETH-USD traders were surprised to find a 30% market drop over the course of 3 days. After an initial drop to the $330s, the ETH-USD market suffered another blow as China announced it will be banning ICOs and conducting rigorous investigations into several of the newer coins such as NEO and OMG. This announcement from the Chinese government prompted several large Chinese exchanges to begin delisting coins under investigation. After all was said and done, the drop to $280 marked a 38% retracement since ETH-USD bull run from $130 to $400 values:
Figure 1: ETH-USD, 4-Hour Candles, GDAX, Macro Bull Run
After seeing the test of the macro 38% Fibonacci Retracement values (shown above), the ETH-USD markets managed to bounce to the 23% retracement values. At the time of this article, the market is currently finding support at 23% retracement but the steam to continue a sustained bull run is waning.
Looking closely at the current trend, we can see a potential bearish continuation pattern called a “Bear Flag”:
Figure 2: ETH-USD, 4-Hour Candles, GDAX, Potential Bear Flag
A Bear Flag is a bearish continuation pattern that is characterized by higher highs, higher lows, and decreasing volume. Bear Flags are found at the bottom of bear runs and are sometimes referred to as “Bull Traps” because bullish traders are often caught in these patterns by mistaking the rally for a macro trend reversal.
Typically, the Bear Flag is formed by strong bullish traders buying what they predict is the bottom of the bear run. The initial purchasing power of the bulls begins to push out the bears who either wish to take profit or were late to the bear run — this is called a “short squeeze.”
However, one key characteristic to watch out for in trends like this is the drastically decreasing volume throughout the length of the run. The decrease in volume essentially shows the lack of buyers in the market as the price begins to climb, level out and ultimately reverse.
To calculate where the potential price target of this Bear Flag is, we must first calculate the “pole length” of the flag:
Figure 3: ETH-USD, 4-Hour Candles, GDAX, Bear Flag Pole Length
If this pattern breaks down and proves to be a successful Bear Flag, we can expect to see an approximate $90 move downward from the point of breakout. In our case, we could expect a retest of the of the 38% Fibonacci Retracement values ultimately leading to a test of the 50% retracement values shown in Figure 1.
As always, it is paramount to confirm the trend before trading it. Although Bear Flags are strong patterns and tend to have a high degree of success among some of the more seasoned traders, it is entirely possible the market could see a flood of volume to propel the price higher; alternatively, the price could simply level off and consolidate sideways. There is no rule that states “the market must continue downward.” However, for those looking to trade this pattern, it is advisable to wait for a downward price movement to be confirmed with strong, bearish volume.
Figure 4: ETH-USD, 1-Day Candles, GDAX
Zooming out to the 1-day candles, we see indications that a sustained bear market could be in store for ETH-USD. The 1-day candles reveal a bearish MACD with no clear signs of divergence (bearish momentum loss). A bearish macro MACD and waning volume on the lower timescales is a great indication of a potential prolonged bearish continuation.
China announced a ban on ICOs and began delisting several newer coins from their major exchanges.
There are macro and micro signs that a bearish continuation could be in store for ETH-USD.
Should the Bear Flag break to the bottom, we can expect a test of the mid-$200s.
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.
The post Ether Price Analysis: China's ICO Ban May Lead to Further Pull-backs appeared first on Bitcoin Magazine.
The Isle of Man is opening its doors to legally complaint ICOs.
The Isle of Man is opening its doors to legally complaint ICOs.
DOVU, the blockchain-powered market for transport data, has taken steps to ensure its token sale will be conducted to the highest standards – including crime risk management measures – collaborating with global accountancy firm KPMG on its company and financial structure. Monday’s announcement that Chinese authorities are banning fundraising through blockchain crowd sales for Chinese … Continue reading DOVU Works with KPMG to Set New Benchmark for Token Sales
The post DOVU Works with KPMG to Set New Benchmark for Token Sales appeared first on NEWSBTC.
DOVU, the blockchain-powered market for transport data, has taken steps to ensure its token sale will be conducted to the highest standards – including crime risk management measures – collaborating with global accountancy firm KPMG on its company and financial structure. Monday’s announcement that Chinese authorities are banning fundraising through blockchain crowd sales for Chinese … Continue reading DOVU Works with KPMG to Set New Benchmark for Token Sales
The post DOVU Works with KPMG to Set New Benchmark for Token Sales appeared first on NEWSBTC.