Day: November 24, 2017

As we had expected yesterday, it was only a matter of time until the Ethereum price reached a new all-time high. It did so overnight, and it seems the positive momentum is still firmly in place as we speak. Despite a massive retracement after the ATH of US$424 was set, the Ethereum price is moving up again and may set an even higher record in the coming hours.

Ethereum Momentum Remains Strong

As is often the case whenever a cryptocurrency reaches a new all-time high, there will be a sharp correction shortly afterward. In the case of the Ethereum price, that all-time high of just over US$424 was followed by a dip to US$403.4. Such a retracement is always to be expected, yet it seems the market has recovered pretty well since an initial rejection off the US$415 level.

Today was the first time in history when one Ether was worth over US$424. This new all-time high has been coming for quite some time now, despite some mishaps affecting the Ethereum ecosystem. The Parity multisig bug is just the latest incident in the growing list of “unfortunate accidents” plaguing this ecosystem. Surprisingly, this hasn’t had any negative impact on the Ethereum price, which is surging toward yet another all-time high as we speak.

If the latest all-time high can be improved upon, it will be a bit difficult to predict where the Ethereum price may head next. Some people claim ETH will reach a value of US$500 per coin before the year is over, but that may be a bit too ambitious at this point in time. Then again, we have seen stranger things happen in the world of cryptocurrency this year. For now, the best option is to take profits if needed and hold on to the rest of your coins in case it shoots up to US$500.

Thanks to over US$1.8 million in 24-hour trading volume, Ethereum’s momentum may be sustained for a few more days. It is always interesting to see how certain currencies generate over a billion dollars’ worth of 24-hour trading volume with ease, whereas others struggle to reach a stable US$100 million day after day. Speculation is a driving factor for all cryptocurrencies, and Ethereum is certainly subject to a lot of speculation, just like Bitcoin and Bitcoin Cash.

As is to be expected, the vast majority of Ethereum’s trading volume originates from the Bithumb exchange. What is rather unusual and surprising is how Bitfinex almost matches the former’s volume over the past 24 hours. Even more surprisingly, GDAX is listed third on the list of exchanges ranked by trading volume. Some interesting things are taking place in the cryptocurrency world right now; that much is evident. How all of this will play out for Ethereum remains to be seen, though. Bithumb is trading Ethereum at a US$10 premium compared to the rest of the exchanges.

It is unclear what the future holds for the Ethereum price. All signs point toward more upward momentum, but there is only so much growth to be achieved before this turns into a pump-and-dump cycle. The US$90 gain over the past week constitutes a nearly 30% value increase for Ethereum. There is no need to get greedy at times like this, even though it is difficult not to get swept up in the momentum. The year 2017 has been pretty spectacular for all cryptocurrencies, and we may see some more surprises in the coming weeks.

Blockchain-based AdTech startup Native Video Box conducts an ICO campaign to launch an independent native video advertising platform.

AdTech and digital advertising market is currently experiencing vertiginous growth. With video advertising becoming the fastest growing advertising segment in 2017, it’s time for the industry to make a step forward. That’s why Native Video Box aims at bringing together blockchain and the hottest AdTech trends to create the future of advertising.

What is Native Video Box?

Native Video Box (NVB) resembles YouTube like cryptocurrencies resemble traditional banks. It is an independent native video platform with native eco approach to advertising, which enabling sites to enhance users’ experience with highly relevant content. NVB shares 75% of ad views revenue with videos owners (15%) and website owners (60%): with those who actually create video content and those who bring it to the audience. These values and transparency grants our network fast organic growth and highest inventory quality standards, which magnetically attract the advertisers.

NVB Service is a literally turnkey solution for publishers: relevant native video with brand-safe licensed content, that will start to earn immediately via programmatic video ads.

On the other hand, Native Video Box solves the issue of video bloggers and other video content creators, who have not yet an option to spread their videos outside of their usual video hostings audience and be generously paid for that at the same time. According to our estimates, NVB will be able to offer content creators higher average income than YouTube can provide.

Native Video Box brings together the most cutting-edge video ad technologies in an entirely new ecosystem, created to benefit publishers and content creators. These values and transparency grants our network fast organic growth and highest inventory quality standards, which magnetically attract the advertisers.

How does it work?

NVB has two types of advertising inventory: in-stream pre-rolls (short ads shown before video content) and native video (when advertiser pays for the show of the video like a “sponsored article” unit to promote the advertiser’s product). The fact that we work with both types of ads, sold via programmatic ad service, makes our business model sustainable. In order to use in spot native advertising, that is actually similar to content videos, advertisers should provide content that matches the NVB editorial policy.

Example:

1. User visits a page of the website from NVB network, for instance about tourism in Florida.
2. We need a set of most relevant videos from the NVB video base to show as the thumbnails in our box.
3. Using machine learning algorithms system automatically select that set for us- like these

They are shown in our unit to the visitor of the page, mentioned in p. 1

1. The visitor clicks consciously on thumbnail of an interesting video and it opens wide: but before the video itself, visitor sees the pre-roll ad (advertising video up to 15 seconds in length).
2. Advertising view revenues is shared among webmasters (60%), right owners (15%) and a platform (25%).

Why Tokenization?

NVB tokens are the currency of the service: all the transactions among system participants are conducted solely in tokens. To acquire ad impressions, advertiser needs to purchase NVB tokens.

Due to сryptocurrency nature of NVB tokens, it’s an easy way to make payments for each individual blogger or publisher in variety of countries, solving the problems with financial clearing and regulatory paperwork as well as high payment commissions of fiat banks (for currencies conversions).

By far, Native Video Box has developed an MVP with all machine learning stuff that has acquired local business traction and now has been refactoring the project to go global and implement blockchain. NVB tokens Pre-sale starts on December, 1 with significant benefits for early birds.

The post “The future of native advertising”: Native Video Box Announces ICO and NVB Token appeared first on NEWSBTC.

Revolut CEO Nikolay Storonsky disagrees with Dimon’s famous words of ‘Bitcoin being a fraud.’

JPMorgan and Jamie Dimon: Wires crossed?

Despite a dip to below $8,000 overnight, bitcoin once again approached record highs today and is holding at over $8,200.

It seems that everyone in the FinTech industry is talking about smart contracts these days. A recent report from the Everest Group points out that the prototypes developed by financial services enterprises and consortiums have primarily been a simplified version of a smart contract. The group, however, expects to see enterprise-grade smart contracts being developed by early 2018, which begs the question: why aren’t more small, large and medium-sized businesses jumping on the smart contract bandwagon? Vlad Kirichenko and Vagan Abelyan, both founders of Jincor, believe they know why.

Jincor is described as a secure, regulatory compliant, and easy-to-use platform that allows businesses to work with smart contracts and cryptocurrency payments with no legal, technical, or operational complications and in a cost-efficient manner.  Apart of being a software, aiming to solve the certain set of problems it’s also an infrastructure, a private permissioned distributed ledger based on non-mining consensus algorithm, that allows to create the smart contracts of the highest level of confidentiality. And that additional level of security is an extremely important feature for any tech solution that suppose to store any business-related information.

Jincor’s parent company is incorporated in Cyprus, ICO Jurisdiction in Singapore and Jincor itself is headquartered in Moscow, with team members spread across the globe.

Kirichenko and Abelyan have always been fascinated with finding new ways how modern technology can be used to improve people’s lives. Years before they started Jincor in May 2016, they had experienced first-hand how frustrating business communication can be and decided to do something about it. While working on a solution, the blockchain revolution kicked into overdrive and both Kirichenko and Abelyan instantly realized how blockchain-based smart contracts and cryptocurrencies could be applied to meet the needs of modern businesses.

Blockchain-based technologies are applicable in almost every industry, including retail, finance, healthcare, or manufacturing. Unfortunately, even many larger businesses with capable IT staff seldom have the know-how and the resources necessary to use these technologies, including cryptocurrencies and smart contracts, in practice. This creates a huge ravine between large enterprises and small and medium-sized businesses, making it even more difficult for smaller businesses to compete with the big boys.

Jincor’s target customers are businesses of any size and industry that would like to improve their efficiency and increase their ability to compete in the global market by embracing automation with smart contracts and avoiding intermediaries with cryptocurrency payments. To level the playing field, Jincor provides a unified blockchain ecosystem designed to make business relations truly fast, transparent, efficient, and reliable by addressing three major problems:

•       Legal void – Even though the situation is steadily improving, cryptocurrencies and smart contracts are still in legal vacuum. Businesses need to know that the smart contracts they create will be just as valid as the traditional paper contracts they replace. Jincor provides its users with consulting and support on the legal issues related to the corporate usage of cryptocurrencies and smart contracts in the form of detailed instructions and explanations developed by Jincor’s legal department in cooperation with external partners across the globe.
•       Technical complexity and Pricing – Cryptocurrency payments and smart contracts are so expensive to implement that most small and medium-sized businesses can’t afford to invest in them. Only a handful of developers are fluent in Solidity, a contract-oriented, high-level language for implementing smart contracts, and such developers often get paid as much as $250,000 per year. Jincor provides customizable smart contract templates that can cut down the cost of creating a single smart contract from thousands to hundreds of dollars.
•       Non-compliance – The lack of regulatory and business compliance of cryptocurrency transactions and smart contracts is a major barrier to their mainstream adoption. Jincor addresses this issue by requiring every business on the platform to go through a strict verification process that ensures that all the interactions between users of the platform meet regulatory and corporate compliance policies.

In practice, business owners will be able to use Jincor to create labor smart contracts to automatically transfer wages to employees, enter into smart contracts with other companies, or automatically transfer funds to business partners’ accounts when certain conditions are met.

So far, Jincor has successfully launched a closed beta testing its basic functionality – companies search and secure messaging – in cooperation with dozens of companies, and the open beta release is slated for the late November with 300+ businesses joined the waiting list to give it a try.

The team behind Jincor is now ready to launch a crowdfunding campaign and distribute its cryptocurrency tokens, called JCR, among supporters. By the end of 2018, Jincor hopes to have over 10,000 business customers in open beta and develop mobile apps for iOS and Android.

Those who would like to get behind Jincor at the ground level are encouraged to participate by purchasing some JCR tokens, which will be used as a means of payment for premium features, such as smart contracts, verified cryptocurrency wallets, e-signatures, and more. This means that the value of JCR tokens will depend directly on how popular Jincor will be in the future, and everything indicates that it could be a real game-changer.

Jincor’s Initial Coin Offering (ICO) is planned for the 1st of December 2017, and here are some key facts about it:

•       Total Token Supply: 35,000,000 JCR
•       Hard Cap: $26,000,000
•       Soft Cap: $2,500,000
•       JCR price during the token sale: 1 JCR per 1 USD

To learn more about Jincor, visit the official website. You can also contact the Jincor team on Facebook, Twitter, or Telegram.

The post One Stop Blockchain Solutions for Any Business. Jincor Platform Overview. appeared first on NEWSBTC.

Minereum, when it was launched, made a name for itself as the first ever self-mining smart contract to be created in the cryptocurrency ecosystem. Since then, the team has been working on creating a better and more powerful platform and the resulting product is Artemine. The platform comes with a variety of features including the possiblity of buying and selling the platform’s Genesis Addresses.  In this article we provide step by step instructions to make use of various features.

Artemine provides a platform to buy and sell Genesis Addresses that can be used for different things. To buy a Genesis Address, the following steps should be followed:

Step 1: Go online and visit https://myetherwallet.com
Step 2: Select “Contracts” tab
Step 3: On “Interact with Contract” this info should be entered:

Smart Contract Address: 0x5f6e7fb7fe92ea7822472bb0e8f1be60d6a4ea50
ABI: https://pastebin.com/vBG4U0AA

Step 4: Click on the “Access” button
Step 5: Ascertain the price of the Genesis Address by choosing the drop-down buy price of the Genesis function. The result would be displayed in Wei, which is Ethereum’s minimum unit. To derive confirmation of ETH value, an ETH unit converter should be used, which can be accessed at https://etherconverter.online/
Step 6: To purchase Genesis Address, select the function ‘BuyGenesis’ in dropdown
Step 7: The address of the Genesis address that is to be bought is to be inserted
Step 8: Click on “Write”
Step 9: The specific amount of ETH from point 5 should be inserted into the option “Amount to send”
Step 10: A gas limit of 500000 should be put and the transaction sent.

Confirmation of the success of transaction by checking block explorer. The block explorer would display the transfer of Genesis Address overall balance to the one’s address

To sell Genesis Address, the following steps should be followed:

Step 1: Go online and visit https://myetherwallet.com
Step 2: Select “Contracts” tab
Step 3: On “Interact with Contract” this info should be entered:

Smart Contract Address: 0x5f6e7fb7fe92ea7822472bb0e8f1be60d6a4ea50
ABI: https://pastebin.com/vBG4U0AA

Step 4: Click on the “Access” button
Step 5: Select “SetGenesisBuyPrice” in the Dropdown
Step 6: Unlock the wallet
Step 7: The desired selling price of the Genesis Address in Wei should be entered in the weiPrice field
Step 8: Select “Write”, leave “Amount to send” with 0, insert 500000 gas limit and send transactions afterwards

Artemine provides a platform and avenue for public mining. One can either public mine manually or automatically. To public mine via MyEtherWallet, the following steps should be followed:

Step 1: Go online and visit https://myetherwallet.com
Step 2: Select “Contracts” tab
Step 3: On “Interact with Contract” this info should be entered:

Smart Contract Address: 0x5f6e7fb7fe92ea7822472bb0e8f1be60d6a4ea50
ABI: https://pastebin.com/vBG4U0AA

Step 4: Click on the “Access” button
Step 5: Select “PublicMine” in the dropdown
Step 6: Unlock the wallet
Step 7: Select “Write”, leave “Amount to send” with 0, insert 500000 gas limit and send transactions afterwards
Step 8: To check if the transaction is successful, one can check the transaction on the block explorer.

These detailed steps should be more than enough for the community members to make use of Artemine’s unique features. More information about the platform can be found at https://www.artemine.org/ 

The post Artemine Introduces Revolutionary Decentralized Genesis Addresses Trading and Public Mining appeared first on NEWSBTC.

The network hashrate of Bitcoin and Bitcoin Cash has become an intriguing metric. Ever since the tables turned in favor of BCH, people have paid close attention to these numbers. So far, it seems the Bitcoin chain has nearly seven times the hashpower of BCH. That is quite a large gap, considering the profitability difference is minimal. It will be interesting to see how this all plays out in the next few days. The Bitcoin mining difficulty algorithm will get another adjustment very soon.

For cryptocurrency miners, choosing between BTC and BCH is not all that easy. Both coins are pretty profitable to mine, although the momentum shifts quite regularly. There is no wrong option to pick from in this regard, that much is evident. For now, the majority of hashpower has moved back to Bitcoin, a trend that has been apparent for over a full week now. Bitcoin Cash, on the other hand, continues to see a decline in hashpower, which is only to be expected.

Another Hashpower Shift Looms Overhead

With the Bitcoin hashpower rising steadily, things look pretty good. A lot of mining pools will switch between BTC and BCH based on profitability. With these fluctuations, temporary changes in momentum are not uncommon. However, the overall trend is pro-BTC and less pro-BCH, for the time being. The big question is whether or not this situation will remain the same. More specifically, the Bitcoin network will get a mining difficulty adjustment soon. Depending on this change, people may move hashpower back to BCH.

Or that is what a lot of Bitcoin Cash supporters are hoping for, at least. If the hashpower moves away from BTC, the network may struggle for some time to come. With the BCH price getting pumped again, the community is enticing Bitcoin miners to make the switch as soon as the difficulty adjustment happens. It is a bit of an annoying tactic, but there is nothing illegal about it whatsoever. Moreover, it remains to be seen how this will all pan out in the coming days.

For now, nothing has been set in stone just yet. The mining situation in cryptocurrency is always subject to change. It would take a major switch from BTC to BCH to make a noticeable difference. There is a precedent, though, as such a switch happened 12 days ago. History doesn’t repeat itself often in cryptocurrency, but this weekend may prove to be an exception. Only time will tell what we can expect in the coming days.

The post Difference Between BTC and BCH Network Hashpower Continues to Grow in Favor of Bitcoin appeared first on NEWSBTC.

Air services provider Dnata, IBM and others have completed of a proof-of-concept examining blockchain’s potential in the Dubai air cargo industry.

The Austrian police, however, claimed that they are still investigating whether the victim’s account was already hacked before he opened his account on the unsecured WiFi network.

According to BNM Governor Tan Sri Muhammad Ibrahim, the introduction of regulations for virtual currencies are intended to prevent abusing the system for criminal and illegal activities and to maintain the stability and integrity of the financial system.

A lot of cryptocurrencies have gone through a pump cycle over the past few weeks. Whenever an event like this takes place, it is only a matter of time until a price correction sets in. In the case of the IOTA price, the correction is taking place right now. As a result, we see the IOTA price decrease by over 16% in the past 24 hours. After the initial run up to $1 per token, the value of MIOTA is returning to where it should be at this point in time.

IOTA Price Correction is Quite Steep

It is not entirely surprising to see the IOTA price go through a very steep correction right now. The price per MIOTA has been inflated by over $1 in the past few days, although everyone knew such a price point would not be sustainable whatsoever. Ever since this near all-time high was reached not too long ago, things have certainly taken a turn for the worse. Over the past 24 hours, we have seen a 16% decline in both USD and BTC value.This trend was to be expected after such a massive pump out of the blue.

Especially the past week has been pretty interesting for IOTA investors. With the IOTA price rising from $0.8 to just under $1 in quick succession, it was evident someone tried to pump the value to a new all-time high. Eventually, the pump failed miserably, as the IOTA price never reached a new all-time high. Instead, the pump has now run out of steam and the IOTA price is showing signs of weakness. It is expected this value will continue to drop a lot further, as this currency shouldn’t necessarily be worth more than $0.5 or even less.

Thanks to this 16% decline in both USD and BTC value, the IOTA price is now hovering around the $0.75 level. Although it dipped below $0.70 and bounced back quickly, there is no reason to think it can’t drop further in the coming hours and days. Volatility is setting in for all cryptocurrency markets, yet the ones whose value got pumped artificially will suffer the biggest losses. IOTA is still in the early stages of development and its token price was well overhyped over the past two weeks.  

Moreover, the IOTA trading volume is showing some signs of weakness as well. Although over $101.5m worth of volume in the past 24 hours is still pretty decent, most of the trading is dominated by people liquidating IOTA assets right now. That is only normal as more people become aware of this downtrend. People take their profits and simply move on to the next big thing. Which currency that will be exactly, remains to be determined, though.

For the time being, Bitfinex remains the largest IOTA exchange by trading volume. Their price is a lot lower compared to Binance in second place and much lower compared to OKEX . Unlike what most people think, IOTA can only be traded on a few exchanges so far, and it remains to be seen if other trading platforms decide to list this token.  For now, the negative momentum has a massive impact on the IOTA price, and it is unclear how low the value will drop in the coming hours and days.

The weekend is almost upon us and it might be a very volatile one, to say the very least. More specifically, we have seen a lot of positive momentum affecting Bitcoin and virtually all altcoins all week. This momentum is starting to reverse in a lot of cases, especially for the currencies which haven’t seen organic growth whatsoever. Unfortunately, IOTA is one of those coins with a massively inflated price, and a correction is only to be expected. It will be interesting to see what the IOTA price will be next week.