Day: September 24, 2017

Hello and welcome to News BTC’s Market Outlook September 25. DASH/USD DASH continues to be volatile, but I believe that the upward trend is still very much intact. The $325 level below should be an area where buyers jump in, and the gentle upswing in pricing should continue to be the case. I believe that the … Continue reading NewsBTC DASH and Litecoin Analysis September 25 2017

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Hello and welcome to News BTC’s Market Outlook September 25. ETH/USD Ethereum markets initially tried to rally during the session on Friday but found enough resistance near the $270 level to turn around. Nonetheless, I think there is a significant amount of support down to at least the $240 level, so I’m looking for some type … Continue reading ETH/USD and ETH/BTC Technical Analysis September 25 2017

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Hello and welcome to News BTC’s Market Outlook September 25. BTC/USD Bitcoin slid slightly against the US dollar as the overall malaise in the market continues. Although we have fallen over the last couple of sessions, I still believe there is a significant amount of support just below, especially near the $3500 level. A breakdown below … Continue reading BTC/USD and BTC/JPY Technical Analysis September 25 2017

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Key Highlights ETH price recovered well from the $250.73 low against the US Dollar, but facing sellers near $292. There is a new connecting bullish trend line forming with support at $282 on the hourly chart of ETH/USD (data feed via SimpleFX) was broken. The price has to break the $292 and $294 resistance levels … Continue reading Ethereum Price Technical Analysis – ETH/USD Facing Major Hurdle

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Volatility seems to have slowed down across the main cryptocurrencies after last week’s series of negative coverage. Ethereum price have lost momentum and is mostly losing ground against USD despite an overall positive fundamental market outlook. Technical Points After testing briefly above the Ichimoku cloud the beginning of the week, the ETH/USD pair is now … Continue reading ETH/USD Consolidates Inside Ichimoku Cloud

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Regulatory measures in different countries always have an impact on cryptocurrencies these days. Up to this point, Malaysia has been pretty silent on that front. This situation is slowly changing, though, as Bank Negara is getting ready to publish its guidelines on Bitcoin and altcoins. For now, it appears the bank is leaning toward granting legal status for Bitcoin. This has not been officially confirmed, though it is certainly possible.

Bank Negara is Open-Minded

It is somewhat surprising to see a country’s central bank keeping an open mind toward cryptocurrencies these days. After all, a lot of financial institutions have proven somewhat shortsighted when it comes to Bitcoin and altcoins. At this rate, it is highly likely most countries will never properly regulate cryptocurrency. That in itself is pretty surprising, as this nascent financial industry continues to make a lot of headway these days.

Moreover, the Malaysian Securities Commission issued a strong warning not to invest in cryptocurrencies just two weeks ago. It is evident such warnings are slowly becoming the new normal, as we have seen a dozen such warnings over the past few years. Such pronouncements are not linked to specific regions, considering that cryptocurrencies are the only global payment and investment solutions with any promise right now. People all over the world are paying attention to Bitcoin, which is of great concern to financial regulators.

In Malaysia, the current goal is to come up with a regulatory framework that will address money laundering and terrorist financing. It does not appear Malaysia will ban cryptocurrencies or go after exchanges in the same way as the Chinese government has been doing of late. Do keep in mind nothing has been set in stone just yet, even though the new regulations are expected to be ready before the end of this year. That is a very ambitious timeline, to say the least.

More specifically, it appears Bank Negara prefers a form of regulation that will not stifle innovation whatsoever. The country is known for its formidable growth and other economic accomplishments. Ensuring that similar strength applies to cryptocurrency will not be an easy feat, but it is certainly possible we will see some less cumbersome regulation moving forward. It remains unclear exactly what one can expect, though, but for now, things are looking somewhat promising.

To that end, a meeting will take place in November of this year. During this meeting, it will be decided how the economy should be positioned in regards to cryptocurrencies. It appears this will also be the final meeting among regulators to determine the future of Bitcoin and altcoins in Malaysia moving forward. Financial institutions in the country are advised to promote new growth areas moving forward, but it remains to be seen what bearing this will have on cryptocurrencies.

It is certainly possible Malaysia might effectively legalize cryptocurrencies moving forward. There is no reason not to think that will be the case, although this new regulation will certainly not give cryptocurrencies and service providers carte blanche by any means. Malaysia will be an interesting region to keep an eye on moving forward; that much is evident. If it plays its cards right, the nation may become one of the next major cryptocurrency hubs in the next few years.

Key Highlights Ripple price traded below the $0.1700 support against the US Dollar before finding support. There is a bearish trend line forming with resistance near $0.1780 on the hourly chart of XRP/USD (data source from Kraken). The price has to break the $0.1780-0.1800 levels in order to move back into the bullish zone. Ripple … Continue reading Ripple Price Technical Analysis – Can XRP/USD Gain Pace?

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Bitcoin price is forming a head and shoulders reversal pattern on its short-term time frame, signaling that more losses are in the cards.

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Key Points Bitcoin cash price after trading towards the $400 level started consolidating against the US Dollar. There is a short-term contracting triangle pattern forming with resistance near $425 on the hourly chart of BCH/USD (data feed from Kraken). A break and close above $425-430 could take the price towards the $460 level. Bitcoin cash … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Consolidates above $400

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Good thing Bitcoin isn’t backed by government, as sovereign credit ratings continue to slide, drag down fiat value

Cryptocurrencies are often open-sourced code repositories which can be effectively copied and modified by anyone in the world. This is one of the many reasons why there are so many clones of existing cryptocurrencies these days. Ethereum has received yet another clone, which goes by the name of EthereumDARK. There’s a similar knock-off involving Bitcoin, although that currency is mainly considered to be a pump-and-dump altcoin these days.

EthereumDARK is Another Clone Coin

No one should confuse Ethereum with EthereumDARK by any means. There is only one Ethereum, although Ethereum Classic shouldn’t be overlooked. Those two currencies share a large portion of the blockchain, having split into different ecosystems due to ideological differences. We documented this particular split some time ago, and it still holds up today. Any other currency which claims to have any ties to Ethereum has nothing to do with either of these established altcoins; that much is rather evident.

But it was everyone’s surprise to learn there is a new coin on the block which uses the Ethereum name. EthereumDARK is an altcoin originally announced on Bitcointalk over a month ago. Although this currency seemed to draw an initial response from the community, it hasn’t been mentioned in most circles all that often. Judging by the name alone, EthereumDARK has no real purpose whatsoever, and simply aims to ride the coattails of the world’s largest altcoin by market cap.

Under the hood, EthereumDARK also brings nothing new to the table whatsoever. Its hybrid PoW/PoS approach has been used by many different altcoins in the past, although there is a larger focus on the proof of stake aspect for the time being. Moreover, contrary to how Ethereum originally came to be, there will not be an ICO for EthereumDARK, which shows that this is an entirely new blockchain that we are dealing with. Anyone who once believed this project was linked to Ethereum will know by now that this altcoin stands on its own entirely.

What is pretty remarkable is how this currency uses the Ethereum name, removes the ICO part, and uses a premine instead. While premines are not uncommon in the world of altcoins, the question certainly exists as to why EthereumDARK would need one. According to the original post, the money will be used for the currency’s development, marketing, giveaways, bounties, and so on. These are pretty common tactics which indicate the developers will try to push the price of EthereumDARK up as high as possible and then simply unload their premine before moving on to a new project.

While it is commendable to see some form of roadmap on the thread right now, no one should be harboring high expectations whatsoever. It does appear there will be some smart contract functionality integration, but that isn’t exactly innovative these days. Moreover, the currency will focus on anonymity and privacy, but it remains unclear how this goal would be achieved. More information will be released once smart contracts are introduced, although the latter milestone has no official timeline either right now.

Additionally, EthereumDARK will integrate cross-chain atomic swapping at some point. While this new concept of decentralized value exchange between various blockchains is only now gaining traction, it remains to be seen if this new altcoin will reap the benefits of the technology. More specifically, it is not easy to integrate such solutions whatsoever, as we are only now seeing the first results of years of work and research in this regard. EthereumDARK appears to be a pump-and-dump altcoin for all intents and purposes, but maybe the developers will surprise us all in the end.

Myanmar – September 24, 2017 – MicroMoney, a fintech institution from Eastern Asia, announces today its Initial Coin Offering set to launch on 18 October, 2017. The visionary company has big plans to transform the economy in emerging markets.

According to World Bank, 2 billions people around the world still don’t have a bank account. Unable to build credit, they lack access to basic financial services like personal loans and SME loans. This is a critical problem affecting local economies, especially in emerging countries like the Philippines, Thailand or Myanmar.

Micro-money offers a solution : helping people build their first credit history on the blockchain. It uses new technologies and Big Data to determine a person’s creditworthiness via an innovative neural scoring credit.

“We are proud of the fact that we can help people who have no access to the classical, but outdated centralized economy of bank” says Anton Dzyatkovsky, CEO and founder of MicroMoney

The company wants to lead the way towards to eliminating poverty with mobile and internet availability, along with financial inclusion.  The founding team has a clear vision and set of goals following the ICO. Setting the sale hard-cap to $30 Mln, it plans to truly revolutionize the current economy situation in emerging countries around the world including regions Asia, Africa and South-America.

Anton Dzyatkovskii CEO and founder of MicroMoeny is also the lending director of Everest- https://www.everex.io/ – a blockchain company with similar goals-  where he has already raised 25M USD.  With more than 15 years experience in the fintech industry and an extended understanding of the Asian market – Anton worked in Singapore and Thailand -. He is fully aware of what could be improve in those countries and believes strongly in changing the micro-industry.

TOKEN SALE

MMT Token price is locked to $1 dollar per MMT Token. Maximum quantity of 60,000,000 will be issued and all the unsold tokens will be destroyed after Token Crowdsale. Purchases will be possible on https://micromoney.io/

Token sale will start on October 18 2017. Pre-sale has already started on September 15 2017 with a 43% bonus on purchase during this period.  Early investors will get bonuses as high as 25% bonus on day one.

MicroMoney for the people, Big Data for Businesses

The platform is already functioning in 5 countries and has helped a lot a people with modest resources. It has a large amount of feedback with gratitude. Data don’t lie, indeed, 73% of customers are returned customers for whom the platform opened brand new possibilities. 9 out of 10 customers got the first loan of their life! (https://medium.com/@micromoney.io/about-micro-money-c03c5ec36f7f )

It is important to note that behind its easy process lays a complex and sophisticated type of technology : Neural Scoring. Gathering more than 10 000 data from a person’s phone, algorithms can determine the creditworthiness of a person in a record-time of 15 sec. Smart contracts are now being developed to secure transactions within the platform.

Undeniably, with MicroMoney’s innovative Big Data & Credit History Bureau built on Blockchain, thousands of local Businesses will get access to millions of new customers.

“We’re developing a whole new ecosystem to power the New World Global Crypto Economy.”  said CEO Anton Dzyatkovsky  

Now, MicroMoney plans to expand to China, Hong Kong and by the end of 2020, the company aims to cover India, Africa and South America.

About MicroMoney

MicroMoney is a global FinTech company, focuses on Big Data platforms for banking and financial organizations and micro-financing in the money lending industry. MicroMoney began operations in 2015 and has developed into a fast-growing company with more than 200 employees across offices in Singapore, Thailand, Myanmar, and Cambodia. MicroMoney provides premium micro-financing services for lower income people, underbanked and unbanked customers in Asia.

Learn more about MicroMoney at – https://micromoney.io/

Read the whitepaper here: (link)

Follow on Twitter at – @micromoneyio

Follow on Facebook at – @micromoneymyanmar

Join the discussion on Telegram – https://t.me/micromoneyico

Media Contact  

Contact Name: Olga Rusakova

Contact Email: [email protected]

Company: MicroMoney

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.