Day: September 21, 2017

The Bank of Russia recently held a meeting with Russian President Vladamir Putin, where the legal status of cryptocurrencies was discussed. Citing the belief that cryptocurrency legalization represents “a loss of control over the money flows from abroad,” the Chairwoman of Russia’s Central Bank, Elvira Nabiullina, clarified that her organization is against any type of legalization.

Earlier this month the Bank made a general announcement that revealed more of their stance on cryptocurrencies, including Bitcoin. Recalling the usual risks from fluctuating exchange rates, technical difficulties, anonymity, and the lack of a responsible issuer, the Central Bank stated clearly that its position hasn’t changed on cryptocurrencies since they declared non-state-issued currency banned in January of 2014.

Hello and welcome to News BTC’s Market Outlook September 22. DASH/USD DASH rallied a bit during the day on Thursday, as crypto currencies in general are fairly quiet. In fact, out of the crypto currencies that I follow, DASH was the strongest performer. Because of this, I think that we continue to see buyers on dips, … Continue reading DASH/USD and LTC/USD Technical Analysis September 22 2017

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Hello and welcome to News BTC’s Market Outlook September 22. ETH/USD Ethereum continues to grind sideways overall as crypto currencies have been quiet lately. This makes a lot of sense though, because quite frankly the shakeup in the crypto currency markets demand that stability comes back. That’s exactly what we are seeing, so I think it’s … Continue reading ETH/USD and ETH/BTC Technical Analysis September 22 2017

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Hello and welcome to News BTC’s Market Outlook September 22. BTC/USD Bitcoin went sideways again during the session on Thursday, as we continue to see the $4000 level offer a bit of noise. Ultimately, I believe that eventually the markets will continue to go higher, as we have been in an uptrend for some time, I … Continue reading BTC/USD and BTC/JPY Technical Analysis September 22 2017

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Key Highlights Ethereum classic price declined further and even tested the $10.00 level against the US Dollar. There is a new contracting triangle pattern forming with resistance at $11.00 on the hourly chart of ETC/USD (Data feed via Kraken). The pair might correct a few points in the near term, but upsides remain capped by … Continue reading Ethereum Classic Price Technical Analysis – ETC/USD Bearish

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Bitcoin has been extremely volatility over the past week, rebounding from a large pullback, and heading straight back down again. The leading cryptocurrency continues to command more than twice the market cap of the next nearest coin, Ethereum.

All eyes remain on China, which continues to make announcements in a piecemeal fashion. All domestic Chinese exchanges will likely close there doors by the end of the year at latest.

Key Highlights ETH price struggled to move higher and broke an important support at $284 against the US Dollar. Yesterday’s highlighted declining channel pattern with support near $270 on the hourly chart of ETH/USD (data feed via SimpleFX) was broken. The price might continue to decline and could even trade towards the $240 level. Ethereum … Continue reading Ethereum Price Technical Analysis – ETH/USD May Retest $240

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Key Highlights Ripple price failed to move higher and traded below the $0.1750 support against the US Dollar. There are two key bearish trend lines forming with resistance near $0.1800 and $0.1880 on the hourly chart of XRP/USD (data source from Kraken). The price might correct a few points higher, but upsides remain capped by … Continue reading Ripple Price Technical Analysis – XRP/USD Extends Decline

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Key Points Bitcoin cash price struggled to remain in the bullish zone and moved below $500 against the US Dollar. There was a break below a major bullish trend line with support near $475 on the hourly chart of BCH/USD (data feed from Kraken). The price is just holding the $410-420 support area, but remains … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Dives Once Again

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Bitcoin owners need to gain perspective, not succumb to doubts. The good news still far exceeds the bad.

Decentralization? Renewable energy? Proof of stake? Here’s what mining might look like in a few years.

One of Japan’s largest travel agencies, H.I.S., will start accepting bitcoin payments at some of its stores via Japan’s largest bitcoin exchange, Bitflyer. The company will also offer some bitcoin-exclusive tour packages to commemorate the event.

Also read: Japan’s Largest Rewards Site Operator With 5 Million Users Launching Bitcoin Exchange

H.I.S. & Bitflyer

H.I.S. Co. Ltd will start accepting bitcoin payments on September 23 through Bitflyer, as announced by both companies on Tuesday. The transaction amount for purchases will be limited to the equivalent of 2 million yen. The companies claim that H.I.S. is the first major company in the Japanese travel industry to accept the digital currency.

Founded in December 1980, H.I.S. is a Tokyo-based travel agency specializing in low-cost package tours. Among the group’s many businesses are two theme parks, Huis Ten Bosch and Laguna Ten Bosch. In June this year, Japan Tourism Agency (JTA) provided an analysis of 49 major Japanese travel agents. It showed that H.I.S. ranks second for outbound travel for the year ending February 2017, behind only the industry leader JTB.

According to H.I.S.:

The number of H.I.S. Group’s business offices has expanded to 295 in Japan and 230 overseas in 66 countries. The number of countries where offices are held is the largest in the world as a travel agency.

Bitflyer is the largest Japanese bitcoin exchange by volume, according to Coinhills. The business also offers bitcoin merchant processing services. Bitflyer recently helped one of Japan’s largest department stores, Marui, accept bitcoin on a trial basis, in addition to helping the country’s electronics giant, Bic Camera, accept bitcoin nationwide since July.

Stores to Accept Bitcoin & Bitcoin Specials

H.I.S. decided to introduce bitcoin payments to add convenience for domestic customers as well as attract new markets. Initially, 38 H.I.S. stores in the Tokyo metropolitan area will accept bitcoin. However, the company plans to add more stores in the future.

The 38 stores are: Shinjuku – 15 stores, Shibuya – 3 stores, Ginza – 6 stores, Marunouchi – 3 stores, Ikebukuro – 2 stores, Hawaii Shinjuku 3-Chome – 2 stores, Ginza Core Sales office, Roppongi Sales office, and H.I.S. Travel, books, coffee, and Omotesando office – 5 stores.

The company’s Shinjuku Head Office will introduce the payment system on September 21. A launch event will be held between 9:30 and 10:00 a.m. on that day. The company will give 5,000 yen worth of bitcoin to the first 10 buyers of bitcoin promotional packages at the head office.

On September 23, the group will also offer some special bitcoin tour packages. For example, the “Seoul 3 days” package will cost 16,800 yen, while the “Hawaii 5 days” package will go for 69,800 yen during the promotion.

What do you think of H.I.S. accepting bitcoin and offering bitcoin promotional tour packages? Let us know in the comments section below.

Images courtesy of Shutterstock, H.I.S., Bitflyer

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The blockchain mobility project welcomes the entrepreneur and investor, whose previous successes include Alibaba and Lyft.

New York City, New York — 20 September 2017 — DOVU, the blockchain marketplace for transport data, is announcing the addition of a new and highly experienced advisor to their team. David Drake, Chairman at LDJ Capital, will provide counsel on critical issues including investor relations and international business development.

‘Unprecedented insight’

David Drake is a well-known entrepreneur, investor and speaker. Through his family office, LDJ Capital, and his partners, David’s investments currently have over fifty global directors that maintain relations with institutions and family offices with $1.5 trillion in assets. He has represented the US Commerce Department at the Transatlantic Forum with the EU Commission in Brussels and Rome, as well as in the UK Parliament as a speaker.

David’s seminal work in the Crowdfunding Industry has led to an invitation to the White House Champions of Change ceremony. He and his financial media company, The Soho Loft Media Group, set up the first ever crowdfunding meeting with SEC and FINRA in April 2012, shortly after then President Barack Obama signed the JOBS (Jumpstart Our Business Startups) Act into law. Alongside other pioneers, he created the CfPA or Crowdfunding Professional Association, which later gave birth to the CFIRA or Crowdfunding Intermediary Regulatory Advocates. These two national associations have dealt with SEC and FINRA on a weekly basis for the past five years.

‘David brings a wealth of expertise to his role as DOVU’s latest advisor. With regulation around token sales constantly evolving, we welcome his experience and relationships with regulatory bodies, and very much look forward to working with him. His unique understanding and unprecedented insight of the regulatory framework will prove indispensable in placing the project on a sound, compliant footing.’

– Irfon Watkins, DOVU Founder and CEO

This background gives David a unique perspective on the strengths and challenges of the regulatory framework surrounding the crowdfunding industry, which now constitutes the backbone of the blockchain industry’s token offerings. David’s experience of the regulatory landscape and relationship with key regulatory bodies means he is ideally placed to work towards embracing compliance. He currently sits on the advisory board of more than 15 blockchain-based firms.

About DOVU

DOVU’s vision is to equip developers and innovators within the mobility industry by providing them with large and high-quality data sets. It aims to achieve this by creating an open, transparent market for transport data, sourced from a wide range of grassroots users and made available on the blockchain for service providers. Individuals can submit whatever data they want to the network, in return for the Ethereum-based DOV token, which is also the currency of payment for businesses to gain real-time access to these transport-specific resources.

‘DOVU has the foresight to tokenize big data for the auto industry. Jaguar Land Rover recognises this and through its investment arm provided seed funding to DOVU early this year. Their first-mover advantage and vertical integration with car digitization leverage blockchain. DOVU creates the marketplace for current and future data in the auto service industry. The future of big data is now being captured by the blockchain leadership vision of DOVU. This clearly gives Jaguar Land Rover that seeded this play a leadership advantage in the auto data industry to set standards.’

– David Drake, Managing Partner at LDJ Capital

DOVU is offering DOV tokens to participants in its crowdsale over the coming weeks. The DOV token pre-sale is live now, and the public sale starts on 3 October. For more information about DOVU, or to participate in the crowdsale, visit www.dovu.io/presale.

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.