Day: December 3, 2017

Bitcoin has died a thousand deaths, it has inflated to the point of bursting, yet it carries on its merry way. So, hypothetically, if it pops, who wins and who loses?

By the end of 2018, the Coinbase customer support team will be sixteen times larger than it is now, will provide 24 hour phone support.

Sony goes through how it would develop nodes for a blockchain in a recently-released patent application first filed in January.

Hello and welcome to News BTC’s Market Outlook December.

ETH/USD

Ethereum had a very volatile session during the trading session on Friday, but eventually settled on going bullish. We broke to the $460 level, and have pulled back slightly on the hourly chart. However, I think it’s only a matter of time before we break above $460 again, and continue to rally slightly. Because as though, we have had a vicious selloff recently, so there is going to be a lot of fear in the market.

ETH/BTC

Ethereum fell against Bitcoin yet again, and as I said yesterday, I believe the market is going to continue to grind towards the 0.04 level underneath. Any rally at this point should be a selling opportunity, until of course we can break above the 0.045 handle, something that I don’t expect to see.

Thank for watching, I’ll be back tomorrow.

The post ETH/USD and ETH/BTC Technical Analysis December 4 2017 appeared first on NEWSBTC.

Speaking at an event in China, Villeroy said that Bitcoin’s value and extreme volatility have no economic basis and those who invest in it do so entirely at their own risk.

Following an oversubscribed and successful pre-ICO last month, Gameflip, the veteran Silicon Valley gaming marketplace, has officially launched its highly-anticipated ICO. Crypto and global media have been buzzing about Gameflip, which has been highlighted as a prime example of a successful Silicon Valley startup turned ICO.

Gameflip’s digital goods marketplace has 2+ million gamers with millions of USD in transactions each month. With FLIP, its digital token and ecosystem, Gameflip is extending its proven marketplace onto the blockchain — creating significant value for gamers and game publishers.

TOKEN SALE DETAILS

The Gameflip ICO is now live and will run through January 29, 2018, accepting ETH contributions. Given the early pre-sale success, the ICO has a targeted goal of 15,000 ETH for the duration of the sale, with a trigger to end the sale 72 hours after reaching 30,000 ETH.

Minimum contributions for the campaign will be 0.1 ETH with no maximum purchase amount. Bonuses will start at 25% and stagger down to 15% and 10% for later contributions, incentivizing early FLIP supporters to invest earlier in the ICO.

One way Gameflip stand out from other ICOs is with its focus on game publishers. Gameflip has reserved 40% of the total supply of FLIPs to incentivize publishers by allowing them to sell these FLIPs to their community and keep up to 100% of the proceeds. Gamers will also be incentivized by having access to a liquid marketplace that is safe, transparent and reliable.

“Publishers are the key to success in this market. Our competitors are trying to build marketplaces on the blockchain without an established platform behind them, an experienced team among them, or an outward focus on publishers guiding them — and that’s simply impossible,” said JT Nguyen, CEO of Gameflip. 

LEADERSHIP EXPERIENCE

Gameflip’s publisher-centric model is the product of decades of combined experience in the gaming industry. Prior to founding Gameflip, the company’s core team built the global games publishing business Aeria Games from the ground up, cultivating a community of 40 million gamers.

“The Gameflip team is excited to hit the ground running in this ICO. We have built out an amazing community of FLIP supporters, beyond our existing user base, that are passionate about gaming and creating a better gaming experience for everyone transacting digitally,” added JT Nguyen.

The platform will use the ICO proceeds to extend its already successful digital goods marketplace onto the blockchain and to onboard a handful of innovative publishers in a beta period before proceeding with top global publishers. The additional capital, together with the company’s existing financing from Silicon Valley VC firms, will let Gameflip quickly scale and expand its platform.

Learn more about Gameflip, its token sale and its expert team.

About Gameflip

Ijji, Inc. (doing business as “Gameflip”) is a corporation based in San Jose, California, USA, and funded by Silicon Valley venture capital funds and other investors. The Gameflip management team has decades of combined experience in the gaming industry, as game developers and publishers in prior capacities, and now as digital goods marketplace operators. The Gameflip digital goods marketplace has more than 2 million registered users and 500,000 monthly actives.

Legal Disclaimer

The FLIP token sale is only available to purchasers who are: (i) not "U.S. Persons" (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) and not purchasing for the account or benefit of any U.S. Persons and (ii) eligible to purchase FLIP tokens under the applicable laws of each such purchaser’s jurisdiction.

The post Gameflip ICO is now live! Launch comes after a pre-sale that achieved 112% of its goal appeared first on NEWSBTC.

Hello and welcome to News BTC’s Market Outlook December.

DASH/USD

DASH went back and forth during the trading session on Friday, as we continue to bounce around, giving us an opportunity to start finding buyers underneath, perhaps reaching towards the $800 level. I believe that the $700 level underneath should be buying opportunities, as it should offer plenty of support. Given enough time, I think it’s likely that the buyers will return as we have seen such a strong move to the upside.

LTC/USD

Litecoin broke out to the upside, reaching towards the $92 level during the day. We must clear that level to start buying though, as it would be a clearance of quite a bit of negative pressure during the last several sessions. In the meantime, be patient and wait for the trade to present itself.

Thank you for watching, I’ll be back tomorrow.

The post DASH/USD and LTC/USD Technical Analysis December 4 2017 appeared first on NEWSBTC.

Hello and welcome to News BTC’s Market Outlook December.

BTC/USD

Bitcoin rallied again during the trading session on Friday, reaching towards the $10,600 level but looks to pull back a little bit in this area. However, we have made a “higher high”, so I believe that this short-term pullback could be the next buying opportunity. Expect a lot of volatility, there is a lot of fear in the market, so be very cautious and add to any position slowly.

BTC/JPY

Bitcoin also made a “higher high” against the Japanese yen, clearing the ¥1.2 million level. However, we are pulling back a little bit, so you make it an opportunity to pick up some value underneath, and that gives us an opportunity to add to an already long position. However, there is also a lot of fear in this pair as well, so be cautious.

Thanks for watching, I’ll see you tomorrow.

The post BTC/USD and BTC/JPY Technical Analysis December 4 2017 appeared first on NEWSBTC.

A Dutch columnist has come under flak for urging readers to sell their bitcoins because they’re “dangerous”. In a widely shared op-ed, the writer asserts that “bitcrash” is dangerous because it has no financial institution to monitor it and is a menace to the economy. The article has sparked intense debate as to whether it is satire or merely the latest case of bitcoin scaremongering.

See also: Localbitcoins Markets Set Record Trading Volume

Blame it on Bitcoin

According to Poe’s law, it is impossible to tell, without the author’s intent clearly stated, whether a piece of work is a parody or a sincere expression of its creator’s views. This adage certainly applies to “Bitcrash, or why you should sell [bitcoin] now” by Sandra Phlippen, the chief economist at Holland’s AD.nl news site. In a venomous column, she takes aim at bitcoin for a host of perceived ills, including the usual canards about money laundering and tax avoidance. The economist also throws-in the latest attack vector which the anti-bitcoin brigade have stumbled upon – energy consumption, speaking of “heavily environmentally harmful computer power” (and not mentioning the fact that the banking industry consumes a lot more).

A slew of similar articles now surface on a weekly basis, likening bitcoin’s energy consumption to that of an entire country. Aside from these figures being overstated, exponents of bitcoin mining are missing the point. The value of having a fully decentralized currency that is independent of governmental meddling cannot be overstated. As news.Bitcoin.com recently noted, “Bitcoin…adds measurable value, providing verifiable truth in exchange for energy – a price worth paying for the millions who use the digital currency.”

Not Sure if Serious or Satire

Phlippen finishes her harangue by railing against ICOs, where investors purchase nothing but “hot air”. While there are valid criticisms that can be leveled against ICOs, and indeed against bitcoin as a whole, tirades from supposed economic experts do little to advance the debate. If Phlippen is trolling, it is softly enough to fool many of her readers, especially those who are unfamiliar with bitcoin and may be deterred from investigating it further.

Ill-informed media hit pieces are nothing new, and bitcoin enthusiasts have been gleefully picking them apart for years. Some publications get it, while others either struggle, or produce bitcoin coverage which varies greatly depending on the writer. On Sunday, for example, the Guardian asserted that it was possible for bitcoin miners to invest “huge amounts of energy and time for no return”. Apparently, mining calls for “computer power and code-cracking know-how”, which is only half correct.

Often there is a kernel of truth to these articles, but the facts are distorted so as to blame bitcoin. In the last 24 hours, the British media has ran several stories about drug dealers using bitcoin ATMs to launder cash. They warn:

Detectives say they have seen an explosion in the use of digital currency by criminals who are strolling into cafes, newsagents and corner shops to dump their ill-gotten gains in virtual currency ATMs.

Such reports overlook the fact that the actual crime – the purchase of illegal drugs – was conducted entirely in fiat currency. On a web awash with exaggerated news, fake news, and pseudo-satire, balanced bitcoin reporting is becoming as scarce as the coins themselves.

Do you think mainstream media columnists are guilty of misrepresenting bitcoin? Let us know in the comments section below.

Images courtesy of Shutterstock, and AD.nl.

Tired of those other forums on the subject of Bitcoin? Check forum.Bitcoin.com.

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