Day: November 18, 2017

Just recently, news.Bitcoin.com reported on the successful Bitcoin Cash hard fork that took place on November 13. However, according to reports across the web, the fork split into two, and an unknown group began mining blocks on the legacy chain producing what they call “Bitcoin Clashic.”

Also read: Privacy-Centric Protocol Mimblewimble Now Being Trialed on the Bitcoin Testnet

Supposedly All Bitcoin Owners Prior to Block 478558 Are Also Owners of Bitcoin Clashic

Allegedly there’s a network called Bitcoin Clashic that is utilizing the legacy BCH chain prior to the November 13th’s fork. The first observations of this chain operating behind BCH were noticed by Bitmain’s CEO Jihan Wu. The mining company’s founder explains that an unknown mining entity has dedicated hashrate to the rules of the original chain. Following Wu’s statements, the public was greeted by the group operating the network with a website and Twitter handle.

“All Bitcoin holders as of block 478558 are also owners of Bitcoin Clashic — All are welcome to join the Bitcoin Clashic community as we move forward in creating sound money accessible to the whole world,” explains the group’s website.

Bitcoin Clashic Believes Satoshi’s True Vision Would Improve Erratic Mining Variances

At the moment there is no working blockchain explorer for the Clashic network, but there is a dedicated mining pool. There is an explorer currently under construction, called Satoshistruevision.com, but the site contains no data. The Clashic Twitter handle offers a network stats page as well, but the service has been unavailable at the time of this report. Clashic’s Twitter is very active and started tweeting on November 11. The first announcement on that day explains the Clashic team’s intent stating:

We are a private group of influential miners that will mine the existing chain to ensure the emergency difficulty adjustment takes place as intended — We believe that Satoshi would have been ok with a high variance of difficulty as a part of his true vision.

A Troll or Not a Troll? That is the Question

Presently, the Clashic infrastructure is basically a ghost town, minus the fact that the CEO of Satoshi Labs says if the network is built properly it would “work out of the box” using a Trezor hardware wallet. As far as exchanges and wallets there are none, but Clashic’s website details users can run a full node client using the Bitcoin ABC version 0.15.1.

No one knows who the owns the Clashic site as the webpage was registered using a Whois domain owner cloaking platform. On forums and across social media, bitcoin cash supporters believe the website’s owner is just trolling and many consider the project a joke. Moreover, BCH supporters also notice that quite a few people from the other side of the great bitcoin scaling debate who openly dislike the BCH chain have been bolstering and promoting Clashic since the group appeared on the internet seven days ago. Further, Clashic isn’t the only fork considered a ‘troll-blockchain’ as there have been reports of other forked networks called Super Bitcoin, Bitcoin2m, and Bitcoin Diamond as well. 

What do you think about this Clashic project? Do you think they are trolling or do you think this is a serious undertaking? Let us know in the comments below.

Images via Pixabay, Twitter, and the Bitcoin Clashic website.

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

The post A True Network or Troll? A Look at the “Bitcoin Clashic” Project appeared first on Bitcoin News.

In its blog post in mid-November 2017, Internet Archive said that the donations that are given by its supporters will help in achieving its mission of guaranteeing that the Internet will remain “free, secure, and backed up indefinitely.”

Hyperinflation and political toil take a toll on Zimbabwe’s economy; Bitcoin benefits.

Key Points

• Bitcoin cash price recovered well from the $835 swing low against the US Dollar to trade above $1000.
• There is a major descending channel forming with resistance at $1225 on the 4-hours chart of BCH/USD (data feed from Kraken).
• Upsides remain capped as long as the pair is below the $1250 resistance zone in the near term.

Bitcoin cash price is struggling to break $1250 against the US Dollar. BCH/USD might continue to struggle as long as there is no close above $1250-1300.

Bitcoin Cash Price Resistance

This past week we saw a major decline in bitcoin cash price from the $2600 swing high against the US Dollar. The price traded below the $2000, $1500 and $1000 support levels. A low was formed at $835 from where the price started an upside correction. Moreover, the 100 simple moving average (H4), currently at $950 also acted as a support and prevented losses. There was a corrective wave above the $1000 level.

However, the price struggled to move above the 23.6% Fib retracement level of the last decline from the $2600 high to $835 low. There is also a major descending channel forming with resistance at $1225 on the 4-hours chart of BCH/USD. The same channel resistance is acting as a monster hurdle for buyers near $1225-1250. As long as the price is below $1250, it remains in a downtrend. Upsides remain capped until there is a close above the channel resistance at $1250.

On the downside, the 100 simple moving average (H4), currently at $950 is a major support area. Below $950, the channel support is at $680. Therefore, if the pair fails to move above $1250, there is a chance of a downside move toward $950 or even $700.

Looking at the technical indicators:

4-hours MACD – The MACD for BCH/USD is about to move into the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level.

Major Support Level – $950

Major Resistance Level – $1250

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Weekly Analysis – BCH/USD Upsides Remain Capped appeared first on NEWSBTC.

Key Points

• Bitcoin price is in super bullish trend and it recently traded above $7950 against the US Dollar.
• There is a connecting resistance trend line forming with current barrier near $8050 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
• The pair is now well supported above the $7500 level and eyes a new high above $8000.

Bitcoin price is gaining pace above $7500 against the US Dollar. BTC/USD might soon break $8000 for more gains above $8050.

Bitcoin Price Uptrend

There was a sharp bounce in bitcoin price from the $5800-6000 swing area against the US Dollar. The price moved above the $7000 and $7500 resistance levels. The upside move was strong and the price even traded close to the $8000 level. A new all-time high was formed at $7998 from where the price started a correction. It moved below the 50% Fib retracement level of the last wave from the $7105 low to $7998 high.

However, the downside move was supported by the $7500 level. Moreover, the 61.8% Fib retracement level of the last wave from the $7105 low to $7998 high also acted as a support. The price is now moving back higher and eyes a test of the $8000 level. On the upside, there is a connecting resistance trend line forming with current barrier near $8050 on the 4-hours chart of BTC/USD. The pair might test this trend line again and form a new all-time high above $8000 in the near term.

On the downside, the price is well above the $7500 support and the 100 simple moving average (H4). There is also a bullish trend line with support at $7650 on the same chart. Therefore, buying dips in the short term remains a good deal above $7500.

Looking at the technical indicators:              

4-hours MACD – The MACD is gaining momentum in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI is currently well above the 50 level.

Major Support Level – $7500

Major Resistance Level – $8000

Charts courtesy – SimpleFX

The post Bitcoin Price Weekly Analysis – BTC/USD Eyes New High appeared first on NEWSBTC.

Key Highlights

• ETH price made a nice upside move and traded above the $328 resistance against the US Dollar.
• There is a major bullish trend line forming with support at $337 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
• The pair remains in an uptrend and it will most likely trade above the recent high of $347.

Ethereum price is gaining momentum against the US Dollar and Bitcoin. ETH/USD broke a key resistance for further gains above $347.

Ethereum Price Support

This past week was mostly bullish for ETH price as it moved above the $320 resistance level against the US Dollar. The upside move was steady and the price was also able to break an important resistance at $328. The mentioned break has opened the doors for more gains above the $345 level in the near term. The price traded as high as $347.63 today and looks set for more gains in the near term.

An initial support on the downside is around the 23.6% Fib retracement level of the last wave from the $319.93 low to $347.63 high. However, the most important support is near $337. There is a major bullish trend line forming with support at $337 on the 4-hours chart of ETH/USD. Moreover, the 38.2% Fib retracement level of the last wave from the $319.93 low to $347.63 high is also close to the trend line support. Therefore, any correction from the current levels might find bids near $337-335.

On the upside, the price will most likely break the recent high of $347.63. Above this last, the pair is likely to move above $350 for further gains. In the short term, dips toward $337 and $328 can be seen as a buying opportunity as long as the price is above $320.

4-hours MACD – The MACD is mostly in the bullish zone.

4-hours RSI – The RSI is currently approaching the 70 level.

Major Support Level – $337

Major Resistance Level – $347

Charts courtesy – SimpleFX

The post Ethereum Price Weekly Analysis – ETH/USD Breaks Imp Resistance appeared first on NEWSBTC.

Algory Project, created by traders from the world’s largest exchanges, the US NYSE and NASDAQ, launches its ICO Whitelist on November 15th. It will provide investors in the cryptocurrency market with a comprehensive trading tool. It will make trading more efficient and your transactions will bring more profits.

Trade the cryptocurrencies that matter

Algory Project is aimed at the users of the world’s largest cryptocurrency exchanges, a population estimated to be close to 30 million people trading on more than 100 exchanges. This versatile tool has one goal: to grow traders’ profits and efficiency in the cryptocurrency market.

The tool is developed by professional and experienced traders from the world’s largest stock exchanges, the NYSE and NASDAQ, who have also been actively engaged in the cryptocurrency market for many years. Using their experience, they decided to transfer the proven methods of the stock exchange to this fast-growing market. Algory was created by Tomasz Przybycień and Dominik Gordel, who have been professionally engaged in trading on stock and cryptocurrency exchanges since 2007, and crypto-mining as well.

The software will include 13 functions on one platform. This will enable traders to gain access to the tools described below and use them for trading in the cryptocurrency market.

“Considering the development of and growth in the popularity of cryptocurrency exchanges, it is increasingly difficult to analyze all currency pairs in a short time. I have lacked tools that I use on a daily basis in stock markets, such as streamlining tools that make trading more effective as well as plenty of appropriately aggregated market data and news” – says Tomasz Przybycień when asked about the origin of the product.

Powerful Cryptocurrency Scanning

Algory’s flagship product. The first comprehensive cryptocurrency scanner on the market, which provides traders with instant cryptocurrency scanning based on specific filters and alerts. In the blink of an eye, the trader will find the hottest cryptocurrencies on the market. Based on hundreds of built-in filters and alerts, the user will be able to define events such as price changes, percentage increases and decreases, volume changes, and formulation of technical analysis or fundamental analysis indicators. What you used to do with your hard-earned research and many hours of work will now be done in an application within seconds. The resulting time advantage will allow the trader to enter into a transaction before any critical traffic is generated on a given cryptocurrency.

Profit with faster news & research

Thanks to a wealth of active trading experience, the Algory founders know how crucial fast access to the most important information on the market is. Often, even a few seconds have been instrumental in generating above-average profits or protecting against sudden loss of value. Because we know how time-consuming it is to browse through the entire market, we are creating a tool that aggregates all the information about individual cryptocurrencies and the entire cryptocurrency industry. On the basis of this information, you will be able to filter this data and the built-in auto trading system will then allow you to enter into transactions at the time of appearance of specific news in the information sources of your choosing.

Backtest your strategy and use auto-trading
The Algory database also contains historical data on price and volume changes and many other data on individual cryptocurrencies. In this way, you will be able to test your previous strategy with pre-defined filters and alerts. You will get a detailed report on how successful your trading strategy has been on the basis of the historical data and how likely you are to successfully use it in the future.

Marcin Gordel, a software developer at Algory says: “Our goal is also to develop tools that will enable traders to see how successful a strategy was in the past in order to perform the appropriate simulations and evaluate its effectiveness. The knowledge about the profitability of a given strategy will certainly make trading easier”.

In addition, the platform will allow you to use the auto-trading feature, so you won’t even have to be in front of your computer to be able to trade on the market based on predefined parameters. When a user-specified event is captured by the scanner, the auto-trading feature will kick in and automatically open a position.

Become the most profitable crypto trader you can be

Algory Project plans to develop many other features that will allow you to access the widest amount of data aggregated in one place.
The additional features will include the following: Blockchain Analyzer, Arbitrage scanner, ICO Viewer, Exchange comparison, Social Learning, Trading Room, Cryptoviewer, and Cryptocoin.

A detailed description of the functionality is available in the Whitepaper prepared by Algory Project.

How to buy Algory ICO Token

The signup to the Algory Project Whitelist opens on 15th November. Every person signed up to the Whitelist before the deadline becomes eligible for a guaranteed purchase of tokens before the public Crowdsale starts. Further details can be found on the Algory Project website.

The post Algory Project – Powerful and multifunctional crypto trading tool appeared first on NEWSBTC.

Cryptocurrencies and their underlying blockchain technology have given rise to the concept of decentralized applications. These decentralized applications, for all practical purposes, serve a range of functions, some of which are already being catered to by conventional internet applications, but with lots of additional benefits.

The decentralized applications, popularly referred to as Dapps, make use of smart contracts coded on cryptocurrency blockchain to automate various processes. At the same time, the immutability and transparency offered by distributed ledger make it easier to store, manage and distribute relevant information across the network. And then there is an entire economy created around the applications which are driven by cryptocurrency (tokens).

While there are some of the well-established blockchain solutions or protocols that make Dapps development easier, there aren’t many that are created keeping app economy in mind. However, AppCoins begs to differ. The cryptocurrency for app stores will be made available to 200 million users from day one and is currently in the midst of its ICO Pre Sale.

AppCoins is in the process of revolutionizing the app economy, by offering unprecedented levels of transparency and efficiency. By introducing a simplified monetization structure, the platform ensures that developers and advertisers are in direct contact over blockchain protocol, eliminating the need for Adtech and payment intermediaries. By doing so, the platform allows app developers to earn more than ever and advertisers to benefit from substantially lower ad costs.

In addition, AppCoins promises a much safer environment for app discovery: since all information is stored on the blockchain, the reputation of app developers will be built through their transactional history across app stores. This eliminates the current opacity around app approval, while automating the process.

The use of cryptocurrency will also bring users all around the world new app purchasing possibilities: apart from being able to earn AppCoins by engaging with sponsored apps, users will also be able to transfer AppCoins to each other. This will create a new incentive system for discovering apps and will enable the world’s 2 billion individuals without online payment methods to make in-app purchases (such as game upgrades) for the first time.

The creators of AppCoins, Aptoide have one of the largest app stores worldwide dedicated to the users of Android-powered devices. With over 12,000 developers and 200 million users signed up, Aptoide app store has witnessed over 4 billion app downloads, and it has entered into partnerships with some of the leading mobile phone manufacturers. Its global presence as an Android marketplace has given the App Store valuable insights with regard to the needs of the current app store model, leading it to develop a solution that could bring unforeseen value to users, developers and manufacturers.

As Aptoide continues to improve the ecosystem, it is presently raising funds through an ongoing ICO, which is now at pre-sale stage. Further encouraging the potential participants, the platform is also offering a 30% discount during the pre-sale, that is set to end in the next 3 days.

More information about the platform and token sale, visit — Appcoins.io

For more information talk with the Appcoins team on Telegram

The post AppCoins — Revolutionizing the App Economy appeared first on NEWSBTC.

Storing diplomas or data on the blockchain will certainly infringe regulations on personal data’s protection. Lexing Alain Bensoussan’s Legal Opinion analyses compliance of the BCDiploma solution with the GDPR.

The general regulation on personal data (GDPR) will be the new reference text on the protection of personal data, defined as “all information related to a physical person”. It will take effect on May 25th, 2018. As a new standard in terms of privacy protection, we especially find among its contributions the granting of new rights for individuals whose data are undergoing treatment:

–    The right to erasure (i.e. the right to be forgotten).
–    The right to portability;
–    The right of rectification.

The GDPR has a worldwide scope and applies to all companies having or processing data of EU residents. The regulation gives to the regulator the power to inflict financial sanctions up to 4% of a company’s global turnover. As a consequence, one can figure out that the conformity with this new regulation is a major stake for companies, CIOs and lawyers.

Blockchain and the GDPR: An inevitable conflict?

“The GDPR also provides EU citizens with a right to erasure: to be able to require that businesses holding their data irrevocably erase the data upon request (also known as the “right to be forgotten”). (..) This may end up putting the GDPR on a collision course with blockchain technologies in unexpected ways.” Luther Martin

New services based on blockchain technologies are created every day, in various domains: finance, insurance, logistic, healthcare, but also education, with diploma certification. However, due to the unalterable character of the blockchain, a data is impossible to erase once it has been “written” on it. At first glance, blockchain and right to be forgotten don’t seem compatible. Inalterability and decentralization not only imply that the register is made of indelible data, but also imply that this register is shared with all user in the network… In case of application of the right to be forgotten, we might expect to go against the very principle of inalterability, which lies at the core of the blockchain technology. In order to comply with the blockchain principles, it would be necessary to erase the data from each and every node of the network, and its records, which is technically impossible. For stakeholders and users of the blockchain technology, it becomes urgent to find answers to this issue in order to not slow down the adoption of this technology. All the more since the material and territorial application field of the GDPR is extremely broad.

CRYPTOGRAPHY AND SECURED ALGORITHM: THE LEXING ALAIN BENSOUSSAN LAW FIRM ENVISAGES COMPLIANCE WITH THE GDPR/

The cryptographic perspective seems to be the most likely to reconcile personal data and storage on a public blockchain, but the challenge is to propose an algorithm sufficiently secure to be accepted by the regulator.

“Assuming personal information is encrypted before it is written to a blockchain, destroying the key renders the data unreadable. But is this enough to comply with the right to be forgotten, if the data is technically still there? Regulators should accept the destruction of a key as an erasure for the purposes of the GDPR, so long as the destruction is done in accordance with best practices and in an auditable way.” Greg McMullen.

To meet this technical and essential requirement, BCDiploma has taken up this question and proposes an open source framework – EvidenZ – capable of storing diplomas and personal data on Ethereum while respecting the GDPR. The data is encrypted and secured using a set of 3 keys:

I.    Graduate Key. This is the property of the graduate, and is integrated into the diploma’s URL.
II.    Persistent Key. It is kept by the educational establishment. When the graduate wishes to exercise his or her right to be forgotten, he only has to destroy this key.
III.    School Permanent Key. This is kept by the educational establishment. Those stored data cannot be exploited for commercial purposes without the graduate’s consent.

“BCDiploma has designed an algorithm allowing total security of the diploma’s AES key. This is not stored and can be generated only by assembling three keys through a derivation process. BCDiploma guarantees establishments and diploma holders that data on Ethereum is encrypted and can be read only with possession of all three keys thanks to algorithm AES_256_GCM. BCDiploma’s 256-bit key guarantees one of the safest encryption processes on the market.”

Legal Opinion, Lexing Alain Bensoussan

Lexing Alain Bensoussan, a specialist in data law and new technologies, has produced a Legal Opinion on the BCDiploma solution. This is one of the first time that compliance of an Ethereum solution with GDPR and the right to be forgotten is considered. BCDiploma paves the way for the storage of personal data on the blockchain and facilitates the legal compatibility between blockchain and GDPR regulation.

Blockchain Certified Data offers a solution for certifying your data on the Ethereum blockchain. BCDiploma makes diplomas tamper-proof.

Any questions? Please join us on Telegram: https://t.me/BCDiploma

The post When the right to be forgotten becomes possible on the Ethereum blockchain appeared first on NEWSBTC.

UHUB, a startup from Vietnam and the originator of HUB ecosystem recently announced their plans to launch an Initial Coin Offering to fund the development of the decentralized ecosystem consisting of HUB exchange, HUB marketplace, and HUB connector.

HUB Exchange

The platform will be based on Ethereum Blockchain, using Smart Contracts to bring a safer, cheaper and less time-consuming buying experience. Users will be able to exchange and store various digital currencies on HUB exchange, which is made as a cryptocurrency exchange as well as the gateway to the ecosystem. HUBcoin (HUB), the primary payment method on the network, will also be distributed through HUB exchange.

HUB Marketplace

The HUB marketplace is designed as a decentralized market where anyone can buy or sell products directly. Naturally, UHUB has implemented safety features to allow the platform to remain genuinely decentralized:

• Escrow service – when the buyer orders the product, he places funds in the Smart Contract escrow. The seller sends the product, and when the buyer receives it, he then releases the money from the escrow to the buyer.
• Rating system – buyers and sellers will be able to rate each other after each trade they make, providing feedback and allowing other users to choose the best for future deals.

The platform will also save money for the customers, removing intermediaries such as PayPal from the buying process and reducing the transfer fees from 15% to approximately 1%.

HUB Connector

The HUB connector will serve as a place where one can get the train, bus or plane ticket, tickets for concerts and other events, food coupons, etc. Also, it will be possible to make hotel and restaurant reservations around the world. The places and tickets will be sorted by country and city, allowing each user to find events or places that correspond to his location with ease.

“I am aware that UHUB is a big project. But we just want to pay our debt to the community. That’s why we have gathered a knowledgeable and motivated team to make it happen. We want to provide a safer, cheaper and less time-consuming ecosystem, allowing the users to find everything they need in one place. Our long-term goal is also to create more job openings for freelancers, as the UHUB community starts to grow. We intend to create a system where everyone benefits, and we hope to gather the funds to do it,” said UHUB CEO, Yeu Nguyen.

HUBcoin will be exchanged only for Ether (ETH) during the ICO. The minimum funding goal of the project is set to 18,000 ETH. The presale will take place from November 16th to November 25th, and token sale from November 25th to December 10th.

You can find out more about the project on UHUB website or by reading their whitepaper.

Learn more about the UHUB’s token sale at https://uhub.io/.

Related Links

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2374498.0
Facebook: https://www.facebook.com/uhub.io/
Twitter: https://twitter.com/uhub_io
Telegram: https://t.me/uhub_io
Medium: https://medium.com/@uhub

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