Day: December 6, 2017

Blythe Masters discusses the potential impact of the ASX decision to implement her company’s distributed ledger solution.

On December 7, SocialMedia.Market has started the first phase of the public token sale.

SocialMedia.Market is a decentralized platform, which allows to create, launch, and analyze advertising campaigns with social media influencers in a most convenient and relevant way.

The SocialMedia.Market platform is a solution to main challenges of influencer marketing. It addresses the problems of fraud, uncertain pricing, complicated transactions, complex partnerships, and low efficiency. As of now, the industry is fractured and requires a huge amount of time and resources to navigate the chaos of influencer marketing. With the implementation of the blockchain technology and smart contacts SocialMedia.Market will eliminate fraud and create a secure ecosystem.

All operations within the SocialMedia.Market ecosystem are executed with an utility cryptocurrency token – Social Media Token (SMT). It ensures 100% safe escrow transactions based on Blockchain technology, lesser cost for transactions within the platform, simplified and fast global payments. SMT upholds high standards of services and prevents any unauthorized manual intervention in the processes within the system.

“We are here to change the way we address influencer campaigns. Blockchain technology provides a way to eliminate the numerous industry issues, marketers have been struggling with for years. SocialMedia.market ensures transparent cooperation between all the parties involved.” – shares Dmitry Shyshov, the CEO and founder of SocialMedia.Market.

SocialMedia.Market has already partnered with Influencer Marketing Hub to ensure 100%  transparency and security of the influencer marketing ecosystem. ICOBOX also supported the project, becoming a tech partner of SocialMedia.Market.

“Our goal is to bring influencer marketing to a whole new level of transparency and security. Therefore we made sure that our contributors are 100% protected during the token sale. The contributors will receive their tokens to their wallets immediately after the end of the first phase of token sale.” – added Maksym Churkin, the tech lead of the project

The contributors will receive bonuses during the first phase of the token sale: 10% for day 1, 7% for day 2-3, 5% for day 4-5, 3% for day 6-7.

The first phase of the token sale will last till December 14, 12:00 GMT (13:00 CET). The exchange rate is 1 ETH for 800 SMT. The hard cap is 10 000 000 SMT.

To join the presale and learn all the product details please follow the link to the website – https://socialmedia.market/.

The post SocialMedia.Market launched a token sale for a decentralized influencer marketing platform appeared first on NEWSBTC.

Key Highlights

• Ripple price declined further and failed to stay above the $0.2300 level against the US Dollar.
• Yesterday’s highlighted major bearish trend line with current resistance at $0.2400 is intact on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair might continue to struggle and it will be difficult for buyers to keep the price above $0.2200.

Ripple price extended declines against the US Dollar and Bitcoin. XRP/USD is currently testing $0.2200 and struggling to hold the stated level.

Ripple Price Decline

There were further losses in Ripple price from the $0.2400 swing high against the US Dollar. The price slowly and steadily moved down below the $0.2350 and $0.2300 support levels. It traded close to the $0.2200 level and formed a low at $0.2190. Later, there was an upside correction and the price moved above the 23.6% Fib retracement level of the last decline from the $0.2600 high to $0.2190 low.

However, the upside move was capped by the $0.2350 resistance. Moreover, the 38.2% Fib retracement level of the last decline from the $0.2600 high to $0.2190 low also acted as a resistance. XRP declined once again and is currently trading near the $0.2200 support area. On the upside, yesterday’s highlighted major bearish trend line with current resistance at $0.2400 is intact on the hourly chart of the XRP/USD pair. The trend line resistance at $0.2400 is also around the 100 hourly simple moving average.

Therefore, the $0.2350 and $0.2400 levels are important resistances on the upside. As long as the price is below the $2400, there can be more declines in XRP/USD in the short term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is gaining pace in the bearish zone and is showing a lot of negative signs.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 40 level and is in the bearish zone.

Major Support Level – $0.2200

Major Resistance Level – $0.2400

Charts courtesy – Trading View, Kraken

The post Ripple Price Technical Analysis – Can XRP/USD Hold $0.2200-0.2100? appeared first on NEWSBTC.

The Austrian government is throwing its weight behind a new blockchain research effort aimed at developing business applications of the technology.

Key Highlights

• ETH price declined further and followed a short-term bearish path below $445 against the US Dollar.
• There are two bearish trend lines forming with resistance at $428 and $442 on the hourly chart of ETH/USD (data feed via SimpleFX).
• The pair might correct towards $440-442 in the near term, but could face sellers.

Ethereum price declined sharply against the US Dollar and Bitcoin. ETH/USD moved towards the $410-400 levels and is currently correcting higher.

Ethereum Price Decline

There was no major recovery in ETH price above the $460 level against the US Dollar. The price came under renewed selling pressure and traded below the $430 and $425 support levels. It almost tested the $400 handle and traded as low as $408.80. At the moment, the price is correcting higher towards $430. It has moved above the 23.6% Fib retracement level of the last decline from the $460.54 high to $408.80.

On the upside, there are many resistances such as $440 and $460. There are also two bearish trend lines forming with resistance at $428 and $442 on the hourly chart of ETH/USD. The first trend line is near the 38.2% Fib retracement level of the last decline from the $460.54 high to $408.80. However, the most important resistance is around the $440 level and the second trend line. The 100 hourly simple moving average is also near $450 to act as a resistance.

An intermediate resistance is around the 50% Fib retracement level of the last decline from the $460.54 high to $408.80 at $435. Therefore, any major upsides are likely to be capped by the $440 level. On the downside, the recent low of $408 is a decent support. The most important support is near $400-395 where there can be strong bids.

Hourly MACD – The MACD is placed well in the bearish zone.

Hourly RSI – The RSI is moving higher towards the 40 level, but it is well below the 50 level.

Major Support Level – $408

Major Resistance Level – $440

Charts courtesy – SimpleFX

The post Ethereum Price Technical Analysis – ETH/USD’s Bearish Path appeared first on NEWSBTC.

According to reports circulating on the web, the mining pool Nicehash was hacked today for allegedly 4,449 BTC or US$60M at current prices. The Nicehash pool has confirmed the organization was breached but did not disclose how many bitcoins were stolen.

Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges

The Mining Pool Nicehash Says the Organization’s Payment System Was Compromised

The mining pool Nicehash says they were hacked today and users believe it was for roughly $60M worth of bitcoin. According to the pool’s patrons speaking out across social media and forums, many think the pool’s wallet with 4,449 BTC was sent to this specific address. The Nicehash website has been down, and pool workers have not been able to log-in for the past 6 hours. Following the accusations from customers, the pool released a statement through its Reddit forum.

“Unfortunately, there has been a security breach involving Nicehash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours,” explains Nicehash.

Importantly, our payment system was compromised, and the contents of the Nicehash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken.

Nicehash: ‘We Are Truly Sorry for Any Inconvenience’

Nicehash says the matter is of “deep concern” and they are working to “rectify the matter in the coming days.” Moreover, the organization says they are doing an internal investigation but also working with the local law enforcement authorities as well. “We are fully committed to restoring the Nicehash service with the highest security measures at the earliest opportunity,” the mining pool details.

So far Nicehash users are upset they can’t login to see their mining payout balances. At the moment the site is down for “maintenance” and states it “should be back shortly.” The operators of the pool say they are sorry for the loss. “We are truly sorry for any inconvenience that this may have caused and are committing every resource towards solving this issue as soon as possible,” the mining pool adds.

What do you think about Nicehash being compromised? Let us know your thoughts in the comments below.

Images via Pixabay and Twitter. 

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

The post Nicehash Mining Pool Allegedly Hacked — Accused of Losing 4449 BTC (US$60M) appeared first on Bitcoin News.

Monero bulls are definitely rally testing for $300 for the first time since launch. As this is a new milestone, correction was inevitable and it did.

Concurrently, IOTA slowed down retracing from its recent highs but this was temporary because it bounced off $3.2 to resume trend.

Let’s look at the charts:

NEM BULLS LOOKING AT $0.25 FOR SUPPORT

In the 4HR chart, NEM bulls are ceding ground to bears.

Look at what happened after price action tested the resistance level and the round number at $0.30. First off, there was a strong bearish engulfing candlestick which ended up confirming a double bar reversal pattern.

After that close, USD bulls were in the trade driving prices below our main support line-the 20 period MA.

The fact that the higher time frames are bullish means that every dip is a buying opportunity and as such we are all looking at how price will react at $0.25.

This price level is of significance in this time frame and the daily chart which by the way remains bullish.

DASH FINDS SUPPORT AT $670

The fact that the weekly chart is bullish means that we only take long set ups. Yesterday we saw how prices were horizontally consolidating within a $75 range inside a minor wedge.

DASH prices ended up breaking below the minor support and banded along the lower BB towards support marked at $670. As we can observe, prices is somehow finding support after that bullish candlestick deep inside the oversold stochastics territory.

If the current candlestick ends up being a bull then it shows that buyers are entering the trade now that prices are around the main support line.

All in all, the two resistance lines-the 20 period MA and the minor resistance trend lines are our short term resistance zones. Should price action close above these two levels then long trades are valid.

AFTER DOUBLING IN PRICE IOTA BULLS FIND RESISTANCE

As mentioned yesterday, $3.2 remains a reliable support and a good spring board for IOTA bulls.

Prices ended up correcting but it did so temporarily before rebounding from the main support.

The thing to avoid in such a strong rally is to buy at peaks. As such any retracement offers a buy opportunity in an overly strong bullish environment as stochastics and individual candlestick shows in higher time frame.

Stochastic are still bearish. Therefore it is best to wait until a buy signal forms and that might print when prices are below $3.2 or well over $3.5. It is for IOTA demand supply dynamics to decide where.

For traders, patience is an asset now.

MINOR RESISTANCE FOUND AT $300 AS MONERO BULLS CORRECTS

Monero bulls are in charge and trend is  generally bullish. Even after smashing the first take profit level at $250, it ended up testing $300.

As this is a major milestone and is what was anticipated after Monero price action bounce from the main support trend line and around the 50% and 61.8% Fibonacci levels in the weekly chart, it is natural for prices to briefly correct before the main trend resumes.

There is a stochastic sell signal in place. The 20 period MA and the minor support trend line should be the first layer of support.

All in all, conservative Monero bulls should wait for a stochastic buy signal. This price recovery could either be from the the middle BB or main support line of $250.

Alternatively, a surge and close above $300 will also signal bull pressure.

AFTER A $10 DROP NEO BULLS EXPECT TO FIND SUPPORT AT AROUND $34

Bears continue to drive NEO down and below our minor wedge.

With price action comfortably trending below the 20 period MA and back into range mode, we expect support at around $34.

Note that if prices close below $34 which coincidentally is another resistance-previous support marking November 17 and 28 highs, then odds of further NEO erosion towards $24 and even $20 is high.

Mark you, there is a buy signal in place. Therefore we sit back and wait to see if NEO prices will improve as buyers join the trade.

All charts courtesy of Trading View

The post MONERO BULLS TEST $300 BEFORE CORRECTING AS IOTA SLOWS TECHNICAL ANALYSIS FOR December 7, 2017 appeared first on NEWSBTC.

Bitcoin is the King! What is up with altcoins?

These days bitcoiners can do a whole lot more with their ‘digital gold’ as there’s a broad range of merchants opting to accept bitcoin every day. Now this week one of the leading “All-You-Can Fly” air travel providers, Surf Air, has announced it is accepting bitcoin and ethereum for monthly memberships and charters.

Also read: “Only After Regulation Will Banks Work With You” – Japanese Exchange Operator Kayamori on Singapore Expansion

Surf Air: “It Only Makes Sense That We Would Accept Bitcoin as a Progressive Form of Payment

The Silicon Valley-based air travel provider, Surf Air, is now accepting the cryptocurrencies bitcoin and ethereum for services. This means Surf Air members can use their digital assets for a wide range of flights. Within the U.S., Surf Air customers can fly to 70 destinations in California and 30 daily routes that fly to Texas. Further, the charters fly to Europe as well, to places like London, Zurich, and Ibiza. The firm explains that moving towards cryptocurrencies is a “natural progression” for the firm.    

“Surf Air was built on the idea of disrupting and changing the way the world sources, purchases and accesses air travel so it only makes sense that we would also be on the cutting-edge of accepting disruptive and progressive forms of payment such as bitcoin and ethereum,” explains Sudhin Shahani, the chief executive officer of Surf Air.

Similarly, bitcoin users are a tremendously motivated community of early adopters. By creating connective tissue between these forward-thinking business models, I believe we’re molding the future for consumer-first, experience-driven commerce.

Digital Currency Is On Everyone’s Radar

Surf Air is one of the first firms to establish the monthly subscription flight sharing model, and cryptocurrencies can be used for any one of the four tiers of membership. The airline company will be utilizing the San Francisco based Coinbase for its merchant services.

“We are focused on staying on the bleeding edge of technology as a way to provide the most progressive, secure and efficient air travel in the world. Digital currency has been on our radar from the very beginning, and we are excited to provide our members with another quick and seamless way to do business with Surf Air,” Shahani details during the announcement.

Real Estate, Lamborghinis, and Private Jets, Oh My!

Surf Air joins the growing list of other airlines offering services for bitcoin like the personal private jet provider Tapjets. The Fargo-based Tapjets started accepting bitcoins through its iPhone app this past summer. Further, the airline provider Privatefly has been accepting bitcoin for flights since 2014. Additionally, news.Bitcoin.com reported this past October that the firm Star Jets now accepts the cryptocurrency as well. With the ability to purchase real-estate, Lamborghinis, and private flights — Bitcoin is being taken very seriously these days. 

What do you think about Surf Air accepting bitcoin and ethereum for charter memberships? Would you use your bitcoin to rent a private airline? Let us know what you think in the comments below.

Images via Pixabay and Surf Air. 

Get our news feed on your site. Check our widget services.

The post Surf Air Joins the Growing List of Private Airlines Accepting Bitcoin appeared first on Bitcoin News.

$20 fees to buy a video game? Valve says no thanks, no longer accepts Bitcoin payments for purchases on Steam platform.

Bitcoin Price Key Highlights

• Bitcoin price has once again jumped to record highs at $14,000 and may be undergoing profit-taking.
• Applying the Fib tool on the latest swing low and high shows that the 38.2% level lines up with a rising trend line.
• A larger pullback could last until the 61.8% Fib near a former resistance area.

Bitcoin price could be due for a quick pullback from its latest rally, offering more bulls a chance to join in.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA on the 1-hour time frame so the path of least resistance is to the upside. This means that the rally is more likely to continue than to reverse. Also, the gap between the moving averages is widening to reflect stronger bullish momentum.

However, stochastic is starting to turn down from the overbought region once more, signaling that sellers are getting ready to take over price action. Similarly, RSI is on the move down to signal a pickup in bearish pressure that could keep the correction going.

Buyers could return once the oscillators hit oversold levels and turn back up. The 100 SMA might also hold as near-term support in a larger pullback, as this coincides with a broken resistance around $11500.

Market Factors

Institutional investor interest leading up to the launch of CBOE bitcoin futures by December 10 is building up and ramping up demand for the cryptocurrency. This comes ahead of the CME launch on December 18 and the Nasdaq’s own by early 2018.

Rising volumes and increased activity is to be expected as this would make bitcoin more accessible to retail trading. However, it could also lead to increased volatility. Three derivative products that would enable traders to short bitcoin are also rumored to be out before the end of the year.

Meanwhile, the dollar is waiting on tax reform progress and the NFP report. Weak results could undermine 2018 rate hike hopes while strong data could spur the dollar higher.

The post Bitcoin Price Technical Analysis for 12/07/2017 – Waiting for a Small Pullback appeared first on NEWSBTC.