Day: November 16, 2017

Cryptocurrency ATMs are a vital part of the ecosystem right now. these machines allow people to conveniently purchase Bitcoin and select altcoins. It now appears there is at least one ATM which also supports Stellar Lumens. Until now, there was no indication XLM support would be integrated by any companies. Most of the details are still secret, but the machine seemingly works just fine.

It is good to see more currencies getting ATM support these days. More specifically, a lot of companies focus on Bitcoin and a few different altcoins. Stellar Lumens are not on that list so far. That doesn’t prevent the team from showcasing their XLM ATM at the Singapore Fintech Festival, though. Opening a new fiat gateway for XLM is a big step forward.All cryptocurrencies need more liquidity, especially in the world of fiat currencies.

The First Stellar Lumens ATM is Born

In a way, Stellar got a big leg up over Ripple in this regard. Whereas most speculators bought some XRP this year, they largely ignored XLM. It now seems obtaining Lumens will be a lot easier in this regard. Although this machine may not necessarily become accessible by the public, it sets an interesting precedent.  How all of this will play out after the festival, remains to be determined, though.

Oh, you wanna buy #xlm #lumens but with cash? These brilliant folks at @StellarOrg made it possible. The #xlm #atm. This opens liquidity between fiat and xlm! pic.twitter.com/JQ9g1khGW0

— Michael Dowling (@michaeldowling) November 15, 2017

Most of the specifics of this Lumens ATM have yet to be worked out. We don’t know who built it or how it works exactly. It may be a two-way machine, for all we know. Nor is there any indication as to when and how many of these machines will come to market. There are many unknowns in this regard,  but the development is still pretty exciting. It seems the machine will be placed in Singapore, but that is based on circumstantial evidence at best. An interesting future lies ahead for Stellar, though.

So far, the news hasn’t had any impact on the XLM price yet. Stellar’s Lumens are valued a lot lower compared to Ripple’s XRP. They will both serve very similar purposes, though. It is possible we may see both currencies get a lot closer to one another in terms of market cap. When and if that will happen, remains to be determined. An interesting precedent is created in this regard, that much is rather evident.

The post The First Lumens ATM is Introduced in Singapore During the Fintech Festival appeared first on NEWSBTC.

SegWit transactions are coming to Blockchain Wallet, but not before full Bitcoin Cash support next month.

Revain is proud to announce the release of the first test version of the platform designed for accumulating authentic user reviews on projects and startups that have concluded their crowdfunding / ICO stage. The platform is bringing to life the service that will finally allow businesses to receive detailed and genuine feedback about their projects, while users will get access to other people’s experience with ICOs and share their own insights as well. The platform will be aggregating information on token dynamics and major milestones in startup’s development.

Impartiality of opinions available on the platform is achieved by the fact that only well-reasoned reviews will be stored. This is achieved by deploying blockchain and IBM Watson AI. Upon completion of testing period and launching the platform at its full capacity, a review hash will be getting stored in blockchain, which stands for its inalterability and no chance of making changes or deletion.

The platform is appealing for both startups that already did ICO, ITO or crowdsale and different user segments. These include crypto-analysts, token holders and potential token buyers. New businesses that went through the ICO will be getting valuable feedback gathered in one place. This resolves the issue of biased coverage as normally the project’s website or its social media channels are basically the only source of information for public, while valuable feedback from real users is scattered around on numerous websites, which makes accumulating data and analyzing it pretty challenging.

Crypto-analysts will benefit from being featured on the platform by making analysis of the project, thus getting exposure in crypto-world. Professional analytical ratings will provide users with opportunity to choose the most relevant information. Token holders and platform users will be able to assess a startup project by many criteria, such as: the team, the progress, communication with community, correlation between declared goals and factual achievements. The users will also have the “like” and “dislike” buttons to rate the review either as valuable and informative or useless.

Test version of the platform is available now at: http://dashboard.revain.org

Revain team will be gathering user feedback and comments at: [email protected]

Links

Website: https://revain.org
Facebook: https://www.facebook.com/revain.org
Twitter: @revain_org
Medium: https://medium.com/revain

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Moldova is considering teaming with a U.N. blockchain identity project to help combat child trafficking in the country, according to a report.

Coinpoker is going to be returning 15% of the tokens collected during the entire ICO to their community via its first tournaments. Factoring in the total maximum amount of CHP tokens that are going to be distributed (500 million), there is clearly potential for the prizepools to surpass seven figures in added value, which is unprecedented in the online poker world.

In order to make their Pre-ICO more accessible, CoinPoker has opted to allow acquiring tokens via SpectroCoin exchange and wallet platform. ‘SpectroCoin has a very successful practice of doing in-platform pre-ICOs and allowing people to get tokens by using different cryptocurrencies or even regular currencies‘, said Warren Lush of CoinPoker, ‘It will allow poker players to purchase tokens even if they are new to cryptocurrencies, or if they are already using BitCoin, Nem, Dash, and others.’

After the Pre-ICO has finished on the 1^st December, the remainder of the ICO will be carried out with the help of smart contracts and will only be available for acquisition using Ethereum. However, the users will then be able to use any e-wallet.

Backed by legendary poker player and celebrity Tony G – Antanas Guoga as well as influential poker brands such as PokerNews, PokerTube, and High Stakes Database, this project is garnering a substantial amount of attention in the online poker community.

‘Poker is my passion. I love this game. But online poker is sick & some things need 2 be changed there. Blockchain & crypto currencies could make poker trustworthy again. That’s why I am backing http://www.coinpoker.com .’– Tony G said on his Twitter account. The poker player turned politician confirmed that he might consider leaving politics because of this project.

In contrast with the majority of ICOs, CoinPoker is already offering a MVP (Minimum Viable Product) on their website. They have launched a play-money application that is available for download for anyone who is interested.

CoinPoker is aiming to solve current online poker problems, namely transaction speed, payment issues and transparency in game logic.

By putting their RNG (Random Number Generator) on blockchains, using their own in-game currency CHP, and implementing an extensive fairplay security & fraud system, the project aims to offer fair play and global accessibility.

CoinPoker pre-ICO will finish on the 1^st December latest, and the remainder of their ICO will be carried out in the first quarter of 2018. More detailed information on this project is available on their website at www.CoinPoker.com, with a public access to their introductory video, and Whitepaper.

More info:

In order to find more detailed information on this project, please refer to CoinPoker’s Whitepaper at https://coinpoker.com/downloads/coinpoker-whitepaper.pdf and for information on how to participate in the pre-ICO refer to the infographic at https://coinpoker.com/how-to

For more information contact Michael Josem at [email protected] or +44 7456 664 602.

The post With Backing from the Biggest Poker Names, CoinPoker Launches Pre-ICO appeared first on NEWSBTC.

The European session has just kicked off in the bitcoin price and it’s looking as though we are in for some considerable volatility moving forward today and – ahead – into the close of the week. From its corrective lows way back down around the $6000 level late last week, bitcoin has staged something of a miraculous recovery and currently trades above the $7500 mark across the major exchanges.

This gives us a strong bullish bias going forward with a longer-term target in and around previous highs – circa $7900 apiece.

Before we look at those levels, however, we have a bit of intrarange action to navigate.

So, with that said, let’s get some levels in place that we can use to do exactly that. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to jump in and out of the markets as and when things move during the session today. It is a one-minute candlestick chart and it has our range overlaid in green.

As the chart shows, the range we’re looking at for the session today comes in as defined by support to the downside at 7407 and resistance to the upside at 7538. We will initially look for a close above resistance to validate an upside entry towards a target of 7570. A stop loss on the trade somewhere in the region of 7525 will ensure we are taken out of the position if things turn against us.

Looking the other way, if we get a close below support, we will try and jump into a short trade towards a downside target of 7370. A stop loss on this one at 7420 looks like it should do the job from a risk management perspective.

Let’s see how things play out.

Charts courtesy of Trading View

The post Bitcoin Price Watch; Here’s Where We Are Looking To Get In Today appeared first on NEWSBTC.

As was to be expected sooner or later, the Bitcoin Cash price is going through a massive correction right now. More specifically, while the Bitcoin price is surging again, people are ditching BCH as quickly as possible. With a 21.33% drop over the past 24 hours, the Bitcoin Cash price is struggling to remain above $1,000. It is evident this situation may become unmanageable pretty quickly unless something changes.

Bitcoin Cash Price Correction is Nasty

While a lot of people held out idle hope the Bitcoin Cash price would return to $2,800 this week, that seems increasingly unlikely right now. In fact, it may prove to be virtually impossible to maintain a Bitcoin Cash price of over $1,000 for much longer. Right now, one BCH is still worth $1,020, but the bearish momentum is only intensifying as more time progresses. This momentum isn’t entirely unexpected whatsoever, though, as last week’s pump-and-dump cycle had to come to an end sooner or later.

More specifically, we have seen major Bitcoin Cash price volatility over the past seven days. We started out at a price of $623.44 a week ago and quickly rose to over $2,500 in the next few days. At one point, one BCH was valued at over half a Bitcoin while the world’s leading cryptocurrency was effectively struggling. Some people claimed Bitcoin Cash would become the new Bitcoin, but that idyllic thought never came true, for obvious reasons.

Ever since this peak, the Bitcoin Cash price has declined massively. That is only normal, as this sudden growth cannot be sustained in the long run. With the price dropping to $1,500 and then even lower, things have taken a turn for the worse. Right now, we see another 27.31% price decline against Bitcoin, bringing the BCH value back to 0.136 BTC. A long way away from the all-time high of over 0.5 BTC, and it seems the downturn is far from over at this point in time.

The Bitcoin Cash trading volume is also drying up, by the look of things. While $1.56bn over 24-hours is still pretty solid, it is a lot lower compared to the $4bn of just two days ago. It is evident most people are looking to sell BCH right now and they will push the Bitcoin Cash price down even further. People want their profit or cut their losses, depending on when they started buying into the hype. Diehard supporters will still claim this was never a pump, but the charts certainly state otherwise.

Although Bithumb is still the largest exchange of Bitcoin Cash right now, they are the only one generating over $500m in volume right now. Bitfinex and HitBTC complete the top three with around one-fourth of this number. It is evident interest in this altcoin is waning now that there is no more big money to be made overnight. It will be interesting to see how the market values Bitcoin Cash in the coming days, as catching this falling knife may prove to be either lucrative or nefast for one’s overall wealth.

All things considered, the Bitcoin Cash price correction was only a matter of time. Anyone who claimed that would not be the case needs to be scrutinized. It is unclear if this sell-off is triggered mainly by the current Bitcoin price trend, though. Belief in BCH  is still strong, but it isn’t enough to maintain a strong value right now. All markets eventually recover, and the future isn’t looking all that bad for BCH. A big setback won’t spell the end of this altcoin whatsoever, though.

How Bitcoin is viewed by ordinary people.

Morgan Stanley CEO, James Gorman, who has previously credited Bitcoin as more than a fad, is not going as far as to be caught up in the hype.

Morgan Stanley Chairman and CEO James Gorman has added to recent criticism of bitcoin in new comments.

Some of the world’s largest financial platforms and exchanges that support a variety of investors have started to adopt bitcoin at a rapid pace, providing sufficient liquidity and infrastructure around bitcoin and its market.

Integration of Bitcoin by Major Financial Platforms

Earlier this week, CME, the global financial sector’s leading options exchange, officially announced that its bitcoin futures exchange will be launched by the second week of December. Consequently, $95 billion hedge fund Man Group revealed its short-term plan to include bitcoin in its portfolio of assets.

Square, the $15 billion payments app, which is led by CEO Jack Dorsey, the founder and CEO of Twitter, also revealed that it has integrated bitcoin over the past week, allowing users to purchase and sell bitcoin through its mobile app.

“We’re always listening to our customers and we’ve found that they are interested in using the Cash App to buy Bitcoin. We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash App customers. We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we’re excited to learn more here,” said a Square spokesperson.

As of current, Square’s bitcoin feature operates similar to a bitcoin wallet and brokerage, which enables existing users to buy, sell, and store bitcoin. Users cannot make payments with bitcoin through the Square app and its network yet, but full integration of bitcoin is on the roadmap of Square.

In consideration of the Square app’s 3 million active user base, Square will likely be able to penetrate into the bitcoin market at a rapid pace in the upcoming months, competing against existing wallet and brokerage service providers such as Coinbase.

Rapid Adoption of Bitcoin by Merchants

Square’s integration of bitcoin and the company’s enthusiasm towards bitcoin as a decentralized cryptocurrency is particularly optimistic for the long-term growth of bitcoin, given that the adoption of mainstream investors, payments applications, and financial service providers would ultimately lead to the adoption of merchants.

For instance, Square operates a widely utilized Point of Sale (PoS) network which merchants and stores such as restaurants, cafes, and retailers use to receive payments via credit and debit cards, and cash. The integration of bitcoin into the Square PoS network, which the company is not considering at the time of reporting, would allow bitcoin users to use the cryptocurrency at hundreds of thousands of locations.

In Japan, several major PoS network operators including Recruit Lifestyle have already begun the process of rolling out bitcoin across their networks of more than 260,000 merchants.

“Some other stores are also preparing Air Regi bitcoin payments. Also, adding to existing 260,000 stores that already use Air Regi, we will cooperate with Recruit Lifestyle to expand the stores that accept bitcoin,” Kagayaki Kawabata, Coincheck International Business Developer, told Bitcoin.com in an interview.

Currently, around 10,000 merchants in Japan accept bitcoin as a payment method, while only a relatively small portion of retailers and stores in the US accept bitcoin payments. By mid-2018, given the rapid adoption rate of bitcoin by popular payments platforms, hundreds of thousands of merchants would likely accept bitcoin in the mid-term.

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There has been a lot of commotion involving Bitcoin Cash as of late. Things got especially interesting when Vitalik Buterin suddenly started “supporting” this altcoin. More specifically, his tweet caused a fair amount of backlash. Publicly congratulating Ver and Wu on the success of BCH isn’t out of the ordinary. Not even when this altcoin briefly surpassed Ethereum in market cap. However, others saw it as a flawed thought process. In the end, Buterin did the right thing and apologized for this strange comment.

Collaboration is key in the cryptocurrency world. No one will deny that is the case in this day and age. However, there is still a lot of bad blood between BTC and BCH supporters these days. Vitalik Buterin sparked the proverbial hornet’s nest by issuing some comments on this situation. He seemingly hinted at how the community is responsible for this fractured way of thinking in Bitcoin. That was not the case, as a few individuals have riled up some people to support their cause first and foremost.

Buterin Apologizes for Badly Timed Tweet

Moreover, Buterin suddenly found himself in this “war” between Bitcoin communities. Congratulating the BCH team on their success wasn’t appreciated by real Bitcoin supporters. Especially not in the light of his recent other comments either. For all intents and purposes, these “attacks” by both communities shouldn’t have been endorsed or supporter to begin with. Offering words of congratulations to either “side” in this regard is very dubious, to say the least.

I do regret writing the tweet in that way. My goal was to express happiness that the portion of the bitcoin community that dislikes the mainline roadmap now has a clear alternative to crystallize around, and that it is doing so well.

— Vitalik Buterin (@VitalikButerin) November 16, 2017

In the end, Buterin explained he wanted to “express happiness” for an alternative Bitcoin solution. Competition is a good thing in cryptocurrency, even when it comes to Bitcoin. Not everyone has the same points of view, yet they still deserve a tool to work with. It is good to see this issue being put to rest in a professional manner, though. Most Bitcoin discussions often erupt in flame wars rather than cordial exchanges on Twitter or other social media.

The bigger question is how all of this will look in a year from now. So far, Bitcoin and Bitcoin Cash co-exist without too many issues. There will always be bickering and mudslinging, though. Political differences are still driving a wedge in between community members. It is doubtful the Bitcoin community will ever come together as a whole again unless something changes dramatically. Right now, that seems highly unlikely. In the end, Bitcoin Cash isn’t Bitcoin and it won’t be for some time to come.

The post Vitalik Buterin Apologizes for “Controversial” Bitcoin Cash Tweet appeared first on NEWSBTC.

2017 has seen a significant increase in the number of real estate listings made available for purchase using bitcoin. The proliferation of these listings does not appear to have been matched with buyer demand to pay using cryptocurrencies, suggesting that some true estate companies may be attempting to jump on the bitcoin bandwagon solely in an attempt to generate publicity for their firm.

Also Read: Bitcoin Hits $13,500 in Zimbabwe as Tanks Roll Through the Capital

Real Estate Companies Have Been Cashing in on the Hype Surrounding Cryptocurrencies

In recent months there has been an increase in real estate companies promoting listings that can be purchased using bitcoin. From multi-million dollar mansions to more modest family homes, real estate companies from across the globe are rushing to cash in on the media hype that now surrounds cryptocurrencies.

Last month, a London mansion went on the market with the owner asking for approximately £17 million ($22.38m USD), expressing a preference for offers made in bitcoin. Lev Loginov, the co-founder of the property firm listing the mansion, London Wall, told the media that the property had seen considerable interest. He stated: “Last week we had 15 viewings. It’s coming from Asia. I don’t think we’ve had anybody older than 30. It’s lots of young people who got involved in cryptocurrencies at an early stage. Most of them made money from mining cryptocurrencies, and basically they’re looking to acquire assets.”

Properties are Being Advertised With Prices in Bitcoin Throughout the World

Earlier this month, a property recognized as a World Heritage Site by The United Nations Educational, Scientific and Cultural Organization (UNESCO) in the Spanish resort town of Ibiza was made available for sale with an asking price of 1,850 bitcoin ($13.26 million USD). El Palacio Bardaji’s website states that the property is “an 18th-century palace, built overlooking the ancient town on the highest and most exclusive point of the city of Ibiza. The historic building has undergone recent maintenance, and now boasts 6 bedrooms, 5 bathrooms, a roof terrace with swimming pool, a garage, and a guest apartment.”

A historic lodge in Wisconsin has recently been listed with an asking price of 40 bitcoins – which currently equates to approximately $287,000 USD – with the owner refusing to consider offers in fiat currency. Journal Sentinel describes “the former Elks Lodge, a downtown landmark built in 1904, [as] a large Queen Ann-style structure that sits two-and-a-half stories high and also houses the oldest sanctioned bowling alley in the United States.”

With the media’s current fixation on all things crypto showing no signs of slowing down, it is likely that real estate listings will continue to use bitcoin as a means to generate attention.

Do you think that real estate listings are using bitcoin as a means of generating publicity? Share your thoughts in the comments section below!

Images courtesy of Shutterstock, and El Palacio Bardaji.

Need to calculate your bitcoin holdings? Check our tools section.

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The MyWish platform was created with the goal of implantation high technologies into real life. The introduction of smart contracts allowed creating the necessary services for crypto-owners, but understanding of its application and convenience did not appear immediately. For lots of people, the creation of a smart contract still seems to be a very complex technological process, which is only available to the dedicated ones. MyWish project has an intention to dispel this myth and make smart contracts accessible to anyone who does not have special knowledge.

The interface of the MyWish platform is very simple to popularize the idea of applying smart contracts, because with its help it is possible to solve a huge number of issues in the digital economy. Smart contracts can replace a number of institutions that regulate the circulation of money in the fiat world.

The statistics of signed in users on MyWish and the number of concluded smart contracts since the launch of the platform demonstrate that they are moving in the right direction. On top of that, there is a sustainable trend for smart contracts to be in a high demand, which means that people willingly accept this kind of innovation.

MyWish has 537 signed up users and 205 concluded contracts on the platform within 2 months after the launch of the project.

The most popular is Will contract, which allows its users to transfer funds to the backup wallet in case of a long absence of the owner. There are 133 registered contracts.

Contract Lost key (transfer of funds to the backup wallet in case of key loss)

and Deferred payment (transfer of funds to the wallet of another owner after passing a certain period) concluded 12 people for each contact.

One pair concluded a Wedding contract.

In addition, apart from the contracts for individuals, MyWish is working on contracts in B2B sector. Their trial contract for a pizzeria for one day found a response among 47 owners of the ether.

http://delivery.mywish.io/

The company has a plan to invest heavily in the direction of smart contracts for business, as there is the prospects for growth. In addition, the Insurance contract is expected to be launched soon, which will open up new opportunities in the sphere of insurance.

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MyWish Pre-ICO raised $220k during the pre-ICO, 170% of cap. Now, MyWish token sale started: https://mywish.io/. Join the telegram group for more information: https://t.me/MyWish_platform

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