Day: November 25, 2017

The challenges of digital identity, AML/KYC and common technical standards must be overcome to deliver on the promise of blockchain technology.

The top two cryptocurrencies by market capitalization have continued their respective rallies, setting fresh record highs today.

Undoubtedly, NEM buy demand is up after that close above the minor wedge but this is not the only alt coin moving up.

NEO and alt coin IOTA recovery is helping boost the alt coin market cap. With BTC topping, their near alternative DASH and Monero will be pumped as we have seen throughout the course of the week.

Let’s look at the charts:

NEM BUY DEMAND IS HIGH AS PRICES MOVE CLOSER TO $0.24

It is clear that NEM buy demand has been up over the past few trading days.

After that convincing close above the minor wedge, NEM buyers should load their positions.

There is a stochastic buy signal in place and the only level to watch is that minor support trend line relative to NEM prices.

Overly though, the first bull target is at $0.22 and then $0.24

DASH PRICES ARE MOVING HIGHER AFTER BOUNCING OFF SUPPORT AT $540

We cannot discount the fact that even if there has been a correction, DASH is still up $180 this week. That by itself is impressive.

In the past 8 hours or so, DASH prices have been trending higher with price action surging past $600. Notice how the minor support trend line and the 20 period MA are working in tandem and rebuffing any USD bull pressure.

Undoubtedly, our main resistance level is at $670. However, today’s price action is all dependent on if DASH prices will be maintained above $600.

Stochastic bull momentum is high and should this momentum buoy DASH, then buy demand looks likely to continue.

It is for this reason that a buy stop at $630 may do the trick.

IOTA BULLS REJECT PRICES AROUND SUPPORT AT $0.66

Judging from the chart, USD bulls are pushing prices lower. However, their strength will surely depend on if they breach immediate support at $0.63.

In the last 24 hours, it is clear that IOTA bulls are rejecting any close below $0.66 as shown in the chart. To complement that rejection we note that there is a stochastic buy signal in place on top of candlesticks making higher highs relative to the lower BB.

In the weekly chart, bulls are in charge and as a result, any close above November 15 and 24 highs of $0.798 means IOTA bulls are resuming their charges.

MONERO BULLS TO AIM AT IMMEDIATE RESISTANCE AT $173

From yesterday’s post, Monero position entry was conditional.

First, entry depended on if price action could closed above the immediate resistance line at $173. Secondly, the formation of a stochastics buy  from the oversold territory could further cement bullish assertion.

In the past few sessions, conservatives Monero traders have found a reason to go long based on the latter condition. It is clear that the 20 period MA is a reliable support now that prices are bouncing from it.

Concurrently, the upper limit of the buy zone at $154 remains a strong support zone as the chart shows. Monero intra-day traders should enter long and aim $174.

CLOSE ABOVE THE 20 PERIOD MA CONFIRMS NEO BULL RESURGENCE

With current NEO price action, traders should trade as it is. NEO bulls should enter long just to be in sync with the overall bullish trend.

It is obvious that support at $34 is significant. NEO reversal means that a bullish break out trade is in play.

Furthermore, notice how our bull trigger, the 20 period MA is now acting as a flexible support line after that break and close above earlier today. NEO bulls are in charge and we buy on every dip.

All charts courtesy of Trading View

The post NEM BUY DEMAND IS HIGH WHILE IOTA AND NEO RECOVER ALT COIN TECHNICAL ANALYSIS FOR NOVEMBER 25, 2017 appeared first on NEWSBTC.

• Token Generation Event confirmed to begin on December 5th 2017
• Demo-prototype of the platform and first-net announced at event in Zurich
• Recently published white paper reveals further details of the platform’s functionality

SophiaTX, the first open-source platform to integrate blockchain with SAP and other ERP, CRM and SCM systems, has confirmed that it’s Token Generation Event (TGE) will begin on December 5th, 2017.

The company has also unveiled a working Proof of Concept and recently published a white paper revealing significant new details on its functionality and potential for businesses of all sizes.

Pipeline of customers for practical business uses

 Details in the white paper reveal the limitations of the current blockchain, including Ethereum, Hyperledger, and SAP’s own Blockchain-as-a-service (Baas). These systems do not provide sufficient privacy, speed or features which would allow mainstream adoption by businesses.

In contrast, SophiaTX has the potential to transform cross-industry business practices, with customers already in the pipelines for three major applications:

• One-to-one Document Exchange will use blockchain to ensure that both the sending and receiving parties of business documents such as invoices, purchase orders, timesheets, deliver notices and quality inspections acknowledge the transaction.
• Multi-party Information Exchange will allow multiple parties to collaborate and transfer information efficiently, whilst also providing sufficient transparency and verification to allow a fair and trusted reward of bonuses and penalties across a business ecosystem. For example the blockchain will allow the synchronization of delivery dates for multiple vendors on a shared project, or a collective maintenance effort with coordinated work schedules and shared rewards.
• Multi-party Collaboration across Value Chain (Track and Trace) allows verified information to be tracked from the manufacturer to the end consumer, providing a track and trace system for pharmaceuticals, food, luxury goods or other commodities. It could also be used to provide extended warranties, and will allow companies and consumers to verify and communicate supply chain integrity.

Token Generation Event to commence on December 5th 2017

The platform is fuelled by the SPHTX (SophiaTX Token), which covers mining and transaction fees; allows access and subscription to the development platform; and facilitates marketplace and in-app purchase.

The SophiaTX TGE will last for 10 days, with five rounds of 30,000,000 tokens available. The hard cap of the SPHTX TGE is 115,000 ETH, but there is no soft cap; the project will go ahead regardless of the amount raised. Any unclaimed tokens which remain at the end of the TGE will be proportionally distributed to investors in line with their existing SPHTX stake.

The TGE will allow the general public to obtain the SPHTX token before its release on any major exchanges and will provide the many supporters of the project with an opportunity to be directly involved. Funding generated will go directly to the development, marketing and ongoing management of the project and the overall platform, with 80% vested for two years after the initial generation.

Proof of Concept demonstrates functionality

The SophiaTX team also revealed a working proof-of-concept (PoC) to a select group of attendees in Zurich. The PoC demonstrated how businesses can use blockchain to transparently and reliably exchange information between their enterprise systems in real time, with a customer invoice directly created in one SAP system automatically transferred via SophaTX testnet to another company using a different SAP system.

“The information exchanges such as these can connect companies in many different ways, drive significant cost efficiencies and even completely redefine how companies collaborate.” said Jaroslav Kacina, SophiaTX CEO. “Data is encrypted and sent securely over our testnet and then processed by the receiving system in a matter of seconds.  Using traditional methods such as the Post or EDI would take a much longer time to process, the traditional mechanisms also don’t provide the security which our solution provides or the proof of delivery which is intrinsic to the Blockchain technology”

About SophiaTX

SophiaTX is a blockchain platform and marketplace for businesses of all sizes, and the first open source platform to primarily integrate blockchain technology with SAP and other enterprise systems. 74% of transaction revenue worldwide touches an SAP system, and SophiaTX provides a business-appropriate blockchain for B2B collaboration and communication.

The post Blockchain for Business SophiaTX Reveals New Details of Platform; Confirms Date for Token Generation Event appeared first on NEWSBTC.