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Camelgram ICO to gather funds for its Blockchain based POS Network

Point of Sale (POS) networks process transactions worth trillions of dollars each year, the industry landscape is mostly dominated by big players like Paypal, Visa and MasterCard. It is in this arena that Camelgram plans to launch their blockchain based solution that is coupled with a POS device. The plans are to remove obstacles in … Continue reading Camelgram ICO to gather funds for its Blockchain based POS Network

The post Camelgram ICO to gather funds for its Blockchain based POS Network appeared first on NEWSBTC.

Point of Sale (POS) networks process transactions worth trillions of dollars each year, the industry landscape is mostly dominated by big players like Paypal, Visa and MasterCard. It is in this arena that Camelgram plans to launch their blockchain based solution that is coupled with a POS device. The plans are to remove obstacles in … Continue reading Camelgram ICO to gather funds for its Blockchain based POS Network

The post Camelgram ICO to gather funds for its Blockchain based POS Network appeared first on NEWSBTC.

Bitcoin Price Weekly Analysis – BTC/USD To Breakdown? – newsBTC

Bitcoin Price Weekly Analysis – BTC/USD To Breakdown?
newsBTC
There were a couple of swing moves in Bitcoin price towards $4500 against the US Dollar this past week. The price declined on a couple of occasions, but the $4000-4100 support area held the downside. The price recently recovered from the $4018 low.

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Bitcoin Price Weekly Analysis – BTC/USD To Breakdown?
newsBTC
There were a couple of swing moves in Bitcoin price towards $4500 against the US Dollar this past week. The price declined on a couple of occasions, but the $4000-4100 support area held the downside. The price recently recovered from the $4018 low.

and more »

Bitcoin Price Weekly Analysis – BTC/USD To Breakdown?

Key Points Bitcoin price is struggling to remain above the $4100 support area against the US Dollar. There is a key bullish trend line with support at $4150 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is heading towards the trend line support at $4150 and might attempt a downside … Continue reading Bitcoin Price Weekly Analysis – BTC/USD To Breakdown?

The post Bitcoin Price Weekly Analysis – BTC/USD To Breakdown? appeared first on NEWSBTC.

Key Points Bitcoin price is struggling to remain above the $4100 support area against the US Dollar. There is a key bullish trend line with support at $4150 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is heading towards the trend line support at $4150 and might attempt a downside … Continue reading Bitcoin Price Weekly Analysis – BTC/USD To Breakdown?

The post Bitcoin Price Weekly Analysis – BTC/USD To Breakdown? appeared first on NEWSBTC.

Bitcoin Cash Price Weekly Analysis – BCH/USD Struggle Continues

Key Points Bitcoin cash price after bouncing from $500 failed near $725 against the US Dollar. There was a break above a key descending channel at $590 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair is once again heading lower and might trade towards $550 in the near term. Bitcoin cash … Continue reading Bitcoin Cash Price Weekly Analysis – BCH/USD Struggle Continues

The post Bitcoin Cash Price Weekly Analysis – BCH/USD Struggle Continues appeared first on NEWSBTC.

Key Points Bitcoin cash price after bouncing from $500 failed near $725 against the US Dollar. There was a break above a key descending channel at $590 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair is once again heading lower and might trade towards $550 in the near term. Bitcoin cash … Continue reading Bitcoin Cash Price Weekly Analysis – BCH/USD Struggle Continues

The post Bitcoin Cash Price Weekly Analysis – BCH/USD Struggle Continues appeared first on NEWSBTC.

Ethereum Price Weekly Analysis – ETH/USD Under Pressure

Key Highlights ETH price fell from the $393.56 high and currently remains under pressure against the US Dollar. There is a major contracting triangle pattern with resistance at $320.00 forming on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is likely to break the $296 level and extend declines in the near … Continue reading Ethereum Price Weekly Analysis – ETH/USD Under Pressure

The post Ethereum Price Weekly Analysis – ETH/USD Under Pressure appeared first on NEWSBTC.

Key Highlights ETH price fell from the $393.56 high and currently remains under pressure against the US Dollar. There is a major contracting triangle pattern with resistance at $320.00 forming on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is likely to break the $296 level and extend declines in the near … Continue reading Ethereum Price Weekly Analysis – ETH/USD Under Pressure

The post Ethereum Price Weekly Analysis – ETH/USD Under Pressure appeared first on NEWSBTC.

Thomson Reuters adds Bitcoin Liquid Index (BLX) to Eikon – Brave New Coin

Brave New CoinThomson Reuters adds Bitcoin Liquid Index (BLX) to EikonBrave New CoinWe are excited to announce that Thomson Reuters has added the Bitcoin Liquid Index to their award winning Eikon terminal. By adding a single, reliable USD price discove…


Brave New Coin

Thomson Reuters adds Bitcoin Liquid Index (BLX) to Eikon
Brave New Coin
We are excited to announce that Thomson Reuters has added the Bitcoin Liquid Index to their award winning Eikon terminal. By adding a single, reliable USD price discovery tool and reference rate for Bitcoin, the Eikon terminal now extends its market ...

Thomson Reuters adds Bitcoin Liquid Index (BLX) to Eikon

We are excited to announce that Thomson Reuters has added the Bitcoin Liquid Index (BLX) to their award winning Eikon terminal. By adding a single, reliable USD price discovery tool and reference rate for Bitcoin, the Eikon terminal now extends its market data offerings beyond its traditional financial coverage and firmly enters the cryptocurrency space. The BLX gives Eikon’s growing network of professional and business subscribers a trusted live feed for gaining a competitive advantage.

Thomson Reuters lead the way as one of the most relied upon sources for financial and business intelligence. Their award winning Eikon software package connects its users with critical timely feeds from over 400 exchanges and OTC-traded markets. Over 210,000 Eikon Messenger users have access to trusted news content, data, analytics and insights, filtered to their exact needs. Available on both desktop and mobile devices, the Eikon trading software provides access to deep pools of liquidity, professional networks, expert analysis and insights on emerging and complex markets.

We are excited to announce that Thomson Reuters has added the Bitcoin Liquid Index (BLX) to their award winning Eikon terminal. By adding a single, reliable USD price discovery tool and reference rate for Bitcoin, the Eikon terminal now extends its market data offerings beyond its traditional financial coverage and firmly enters the cryptocurrency space. The BLX gives Eikon’s growing network of professional and business subscribers a trusted live feed for gaining a competitive advantage.

Thomson Reuters lead the way as one of the most relied upon sources for financial and business intelligence. Their award winning Eikon software package connects its users with critical timely feeds from over 400 exchanges and OTC-traded markets. Over 210,000 Eikon Messenger users have access to trusted news content, data, analytics and insights, filtered to their exact needs. Available on both desktop and mobile devices, the Eikon trading software provides access to deep pools of liquidity, professional networks, expert analysis and insights on emerging and complex markets.

Hedge Project Announces Crowdsale As It Builds Crypto-Investment Tools

Cryptocurrency technology has a wide range of applications, especially when it comes to financial and fintech sector. Hedge Project is one such platform that is designed to help individual and institutions access professional-grade crypto indices and diversify their investment portfolios. The Hedge Project is developed to meet the changing requirements of the financial ecosystem. In … Continue reading Hedge Project Announces Crowdsale As It Builds Crypto-Investment Tools

The post Hedge Project Announces Crowdsale As It Builds Crypto-Investment Tools appeared first on NEWSBTC.

Cryptocurrency technology has a wide range of applications, especially when it comes to financial and fintech sector. Hedge Project is one such platform that is designed to help individual and institutions access professional-grade crypto indices and diversify their investment portfolios. The Hedge Project is developed to meet the changing requirements of the financial ecosystem. In … Continue reading Hedge Project Announces Crowdsale As It Builds Crypto-Investment Tools

The post Hedge Project Announces Crowdsale As It Builds Crypto-Investment Tools appeared first on NEWSBTC.

4 Key Misconceptions About Cryptocurrency

bitcoin misconceptionsIt’s impossible to ignore the global rise of cryptocurrency. With Bitcoin becoming a better investment than gold and global institutions, such as the U.N., adopting Bitcoin and Ethereum, it’s clear that crypto is here to stay. Despite its seeming inevitability, crypto remains mysterious to the average person. To many, the word “blockchain” is still gibberish. Lack of knowledge leads to misconceptions about the technology and lingering doubts about its value. During a recent discussion with Eric Lamison-White, Co-Founder of Pareto Network, we discussed common misconceptions surrounding cryptocurrency. Pareto Network is a company that uses digital currency payments to incentivize objective

bitcoin misconceptions

It’s impossible to ignore the global rise of cryptocurrency. With Bitcoin becoming a better investment than gold and global institutions, such as the U.N., adopting Bitcoin and Ethereum, it’s clear that crypto is here to stay.

Despite its seeming inevitability, crypto remains mysterious to the average person. To many, the word “blockchain” is still gibberish. Lack of knowledge leads to misconceptions about the technology and lingering doubts about its value.

During a recent discussion with Eric Lamison-White, Co-Founder of Pareto Network, we discussed common misconceptions surrounding cryptocurrency. Pareto Network is a company that uses digital currency payments to incentivize objective financial information within its network.

4. I Can’t Sell My Assets Because There Aren’t Enough People Buying Cryptocurrency

“Bitcoin and cryptocurrency markets have a lot of liquidity, with surges in activity every day,” he explains. “And while the market has its share of ups and downs, instantly buying or selling Bitcoin at the quoted price is actually a very straightforward procedure.”

Typically, a digital asset exchange is involved. One exchange that’s been handling a large volume of transactions for several years now is Gemini. They promote transparency by scheduling public auctions at certain times during the day where users can buy and sell millions of dollars of crypto.

Gemini and other exchanges function like juiced-up stock markets. Not only can they function 24 hours a day, 7 days a week, but they cater to users all over the world. These aren’t cloak and dagger operations – all you need is a desire to buy and sell cryptocurrency.

3. Bitcoin Is Too Prone to Theft to Be a Viable Medium of Exchange

As a former investigator of payment fraud for the Federal Deposit Insurance Corporation (FDIC), Lamison-White knows a thing or two about security.

“It’s inaccurate to assume Bitcoin is any less secure than other payment methods,” he says. “There are $500,000 thefts happening every single day in fiat currencies. Fraud in traditional payment networks amounts to hundreds of millions per year. And companies like Square Inc list massive, crippling fraudulent transactions in their annual reports.”

Because crypto is a still an exotic newcomer to the scene, it suffers from overexposure. Bitcoin thefts are international news every time they occur, while the opposite is true of traditional payment methods. There are best practices for crypto just as there are for checks, banks, debit cards and wire transfers.

2. Bitcoin Lacks Strong Regulation

“Name another asset class so heavily regulated!” Lamison-White laughs.

The IRS and FinCEN within the Treasury Department, the Commodities Futures Trading Commission, in some cases the SEC, and numerous state institutions all regulate Bitcoin, and lest you worry that this is too much government oversight, Lamison-White assures, “The regulations have little effect on either the consumer or trading experience.”

1. Cryptocurrency and Bitcoin Require Electricity and the Internet. Gold and Cash Don’t

Even if the forecast calls for light snowfall and 30 percent chance of apocalypse, Bitcoin will remain a viable means of exchange. Many people use Bitcoin without the internet already. Storing crypto, completing transactions, checking their balance–all of these activities are possible offline.

Says Lamison-White, “Understand that Bitcoin, the blockchain network, even the internet – these are all just concepts, and concepts are very hard to eliminate. Two or more computers are all that’s needed to create the internet and by extension a blockchain network like Bitcoin.”

“Besides,” he goes on to say, “it’s very hard to imagine there being a permanent loss of the internet and power. Even if people lose individual access to the internet, it could still exist in centralized areas, in the same way that libraries provide internet access to the local community here in the US.” Instead of a future trading bottle caps or seashells, humanity would be far better served by a transparent managed money supply, such as Bitcoin.

The day is fast approaching when paying with Bitcoin will be as familiar as popping a quarter into the parking meter. ICO’s are creating millionaires in less than three years. It’s time for even the most resistant people to educate themselves.

About Ian:
Ian Balina is a cryptocurrency influencer, investor, author, and writer for Thrive Global.
More on Ian:

Disclosure: This is a guest post.

Howard Marks: “There’s no Reason Bitcoin Can’t be Labeled as a Currency” – newsBTC


newsBTC

Howard Marks: “There’s no Reason Bitcoin Can’t be Labeled as a Currency”
newsBTC
In the eyes of most people, Bitcoin is not a currency. That status quo may not change anytime soon either, unfortunately. However, Oaktree Capital founder Howard Marks has a very different opinion. While originally a skeptic, Marks has started to warm
Billionaire Howard Marks: “No Reason Why Bitcoin Can’t Serve As Currency”CoinTelegraph

all 6 news articles »


newsBTC

Howard Marks: “There's no Reason Bitcoin Can't be Labeled as a Currency”
newsBTC
In the eyes of most people, Bitcoin is not a currency. That status quo may not change anytime soon either, unfortunately. However, Oaktree Capital founder Howard Marks has a very different opinion. While originally a skeptic, Marks has started to warm ...
Billionaire Howard Marks: “No Reason Why Bitcoin Can't Serve As Currency”CoinTelegraph

all 6 news articles »

Howard Marks: “There’s no Reason Bitcoin Can’t be Labeled as a Currency”

In the eyes of most people, Bitcoin is not a currency. That status quo may not change anytime soon either, unfortunately. However, Oaktree Capital founder Howard Marks has a very different opinion. While originally a skeptic, Marks has started to warm up to cryptocurrency. In his opinion Bitcoin should be a currency, as there is … Continue reading Howard Marks: “There’s no Reason Bitcoin Can’t be Labeled as a Currency”

The post Howard Marks: “There’s no Reason Bitcoin Can’t be Labeled as a Currency” appeared first on NEWSBTC.

In the eyes of most people, Bitcoin is not a currency. That status quo may not change anytime soon either, unfortunately. However, Oaktree Capital founder Howard Marks has a very different opinion. While originally a skeptic, Marks has started to warm up to cryptocurrency. In his opinion Bitcoin should be a currency, as there is … Continue reading Howard Marks: “There’s no Reason Bitcoin Can’t be Labeled as a Currency”

The post Howard Marks: “There’s no Reason Bitcoin Can’t be Labeled as a Currency” appeared first on NEWSBTC.

Yours Network Launches Bitcoin Cash Beta — Adds New Features – Bitcoin News (press release)


Bitcoin News (press release)

Yours Network Launches Bitcoin Cash Beta — Adds New Features
Bitcoin News (press release)
Last month, Yours Network CEO, Ryan X. Charles, announced their platform would be switching from litecoin to bitcoin cash for payments. Now they have a fully functional beta implementation for bitcoin cash. As a result, their platform is more reliable, …

and more »


Bitcoin News (press release)

Yours Network Launches Bitcoin Cash Beta — Adds New Features
Bitcoin News (press release)
Last month, Yours Network CEO, Ryan X. Charles, announced their platform would be switching from litecoin to bitcoin cash for payments. Now they have a fully functional beta implementation for bitcoin cash. As a result, their platform is more reliable, ...

and more »

Japanese E-Commerce Giant DMM Unveils Bitcoin Mining Plans

The Bitcoin mining ecosystem direly needs more decentralization. Although people from all over the world participate a few pools effectively control the network. Japan’s DMM Group will look to change all of this in the near future. The company announced plans to launch a Bitcoin mining operation. The will also create a new mining pool … Continue reading Japanese E-Commerce Giant DMM Unveils Bitcoin Mining Plans

The post Japanese E-Commerce Giant DMM Unveils Bitcoin Mining Plans appeared first on NEWSBTC.

The Bitcoin mining ecosystem direly needs more decentralization. Although people from all over the world participate a few pools effectively control the network. Japan’s DMM Group will look to change all of this in the near future. The company announced plans to launch a Bitcoin mining operation. The will also create a new mining pool … Continue reading Japanese E-Commerce Giant DMM Unveils Bitcoin Mining Plans

The post Japanese E-Commerce Giant DMM Unveils Bitcoin Mining Plans appeared first on NEWSBTC.

Equifax Data Breach Demonstrates the Value of Cryptocurrencies

TheMerkle_ Data BreachThe credit reporting giant Equifax has been impacted by one of the largest data breaches ever in the United States. If you are living in the US, there is a 50/50 chance you have been affected, as 143 million Americans’ data has apparently been compromised. This serves as a great example of Bitcoin and other cryptocurrencies having use cases in our world today. Cybercriminals Probably Have Your Information Now While 143 million is about half of the US population, the chances that you – assuming you are an American – have been affected by this security breach is probably higher than the

TheMerkle_ Data Breach

The credit reporting giant Equifax has been impacted by one of the largest data breaches ever in the United States. If you are living in the US, there is a 50/50 chance you have been affected, as 143 million Americans’ data has apparently been compromised. This serves as a great example of Bitcoin and other cryptocurrencies having use cases in our world today.

Cybercriminals Probably Have Your Information Now

While 143 million is about half of the US population, the chances that you – assuming you are an American – have been affected by this security breach is probably higher than the 50/50 chances I referenced earlier. This is because Equifax only deals with individuals over 18 who are building credit. Children and those who have never started to build credit would be unlikely to be in Equifax’s system.

Cybercriminals now have access to incredibly sensitive information like social security numbers, birthdays, addresses, and driver’s license numbers. All of the above are used to identify people when taking out loans, opening lines of credit, and applying for credit cards.

The breach happened between May and July of this year, but the hack itself was only discovered by Equifax on July 29th. Being one of the three major credit reporting companies in the country, it makes sense why this company would be a large target for cybercriminals. Access to this kind of information on so many people can be very lucrative. The fact that Equifax was so vulnerable is an indication that either the company was flippant in its disregard for cybersecurity, or that cybercriminals are just that much better than the security researchers and data protection specialists of the world. The latter is the more terrifying possibility, and in a way, I hope that this was more of an Equifax failing than anything else.

However, the way that Equifax is responding to the calamity is somewhat strange. They are offering a way to check whether you have been affected, but in return require that you do not sue them or join in a class action lawsuit against them. There is also the possibility that some employees knew about the hack and sold stock prior to the company going public about it. All of this seems like a poor way to handle the situation.

How can Cryptocurrency Help Solve This Problem in the Future

I see a very obvious opportunity for cryptocurrencies here, as they do not require credit. They are trustless, and thus do not need to have a clearinghouse or credit reporting agency vouch for them. This means there is no centralized set of data that tempts cybercriminals to break into, and even when cybercriminals do attack cryptocurrency users, half an entire nation is not affected.

Another way that cryptos might be able to help is their underlying technology relating to public and private keys. Private keys – as long as people keep them private – are an incredibly safe way of signing off on something, and the blockchain is a transparent vehicle for business deals. No one can fake your private keys; anybody requiring the keys needs the real deal. Perhaps keys would be a good way to transact in the future, as would using private keys as a safe way to identify oneself. Governments could even use the keys in lieu of national IDs and social security numbers. It seems the former would be a lot safer considering recent events.

ECB’s Mario Draghi Rejects the Concept of Estcoins

TheMerkle Mario Draghi EstcoinsNot long ago, we touched upon the concept of so-called Estcoins. The new digital currency would complement Estonia’s e-residency project, assuming the tokens were ever issued. If it were up to Mario Draghi of the European Central Bank, that would never happen. In fact, he has clearly stated that no member country can introduce its own currency at will. This could be quite the problematic development for Estcoins. The Estcoins Project may Never Happen The concept of Estcoins makes a lot of sense. Issuing a national digital currency designed for participants of the country’s e-residency program could introduce exciting new opportunities in the future. The

TheMerkle Mario Draghi Estcoins

Not long ago, we touched upon the concept of so-called Estcoins. The new digital currency would complement Estonia’s e-residency project, assuming the tokens were ever issued. If it were up to Mario Draghi of the European Central Bank, that would never happen. In fact, he has clearly stated that no member country can introduce its own currency at will. This could be quite the problematic development for Estcoins.

The Estcoins Project may Never Happen

The concept of Estcoins makes a lot of sense. Issuing a national digital currency designed for participants of the country’s e-residency program could introduce exciting new opportunities in the future. The usefulness of such coins would remain pretty limited, as they would not be traded across any exchanges whatsoever. However, it seems this proposal has already been met with a ton of opposition, which is not entirely unexpected. The biggest force opposing Estcoins is ECB President Mario Draghi himself.

In a recent press conference, Draghi touched on the concept of Estcoins. The question came up during the press conference, which Draghi seemingly expected to happen. In answering the question, Draghi stated that “no member state can introduce its own currency, as the currency of the Eurozone is still the euro.” This comment leaves nothing to the imagination whatsoever, as it indicates the entire concept of Estcoins may be dead in the water already.

Considering Estonia has been a member of the European Union since 2004, the country must abide by EU law. That means it can legally only use the euro for payment. However, with multiple countries experimenting with the concept of creating national digital currencies, it seems that change is only a matter of time. Estonia may have a competitive advantage in this area, thanks to its advanced digital infrastructure. Additionally, the e-Residency program has attracted a lot of positive attention as well.

Given Draghi’s recent statement, one has to question whether or not Estcoins will ever happen. This degree of institutional resistance is nothing new in the world of digital currencies and cryptocurrencies, though. The European Central Bank in particular has a habit of stifling such innovation whenever possible. It is their goal to retain control over the monetary policy active in the eurozone. Failure to do so would open the proverbial floodgates for other currencies to quickly take over.

This remark by Draghi could effectively spell the end for Estcoins as a whole, although it is not certain that will be the case. Estcoin may still go ahead as planned, especially considering that many experts have declared the euro itself will “die” sooner or later. Whether or not things will ever get to that point remains to be seen, but it is certainly possible. The ECB may be forced to introduce a blockchain-based euro at some point as well, although those are still wild plans for now rather than a known fact.

A national digital currency is always a pretty complicated ordeal, to say the least. Considering how these currencies could rival fiat currencies in one way or another, banks see them as a big threat. However, concepts such as Estcoins are not designed to rival the euro by any means. They are complementary currencies only a few people will use for now. There is no reason to oppose this degree of innovation whatsoever. It will be interesting to see if the Estcoin project will be developed any further in the coming months.