Day: December 27, 2017

As cryptocurrencies continue to gain traction around the world, the launch of BeeChat marks the advent of the first blockchain based digital currency and cryptocurrency messenger platform in the world.

After going live in October, BeeChat has captured millions of users around the world and currently supports hundreds of millions of messages per day on its network.

BeeChat has released multiple updates to now support over 10 digital currencies. BeeChat is currently available in 8 languages and is currently on both iOS and Android platforms.

BeeChat provides messaging and communications services, cryptocurrency discussions and groups, cryptocurrency wallet, and industry news and media aggregation. BeeChat also added DApp functionality support in its latest update.

Some of the key features integrated into BeeChat include its digital currencies wallet, used for storing, receiving and sending digital currencies between users in real-time so users can facilitate information exchange with currency transactions.

BeeChat has invited key opinion leaders (KOL) to share their thoughts on digital currencies and blockchain technology. KOLs can interact with other members of the community through chat groups, discussions and forums. There are already more than 100 KOLs on BeeChat sharing and interacting with the community.

KOLs or cryptocurrency issuers can manage their own groups to answer questions or interact with its members, they can also airdrop coins as a way to market their currency to foster the growth of its network. Members can also gift KOLs with coins if they found the interaction rewarding.

As one member of the BeeChat founding team explains:

“Facilitating information exchange in a social environment to educate the general public on the benefits of blockchain and cryptocurrencies is key to fostering the growth of the community, this is something that will revolutionize the way we interact.”

Many of the underlying contexts in BeeChat are based on blockchain technology, such as the technology used to map the interrelationships and social connections between users. Using blockchain technology simplifies some of the inherent complexities found in social graphing.

Currently the most active digital currency and cryptocurrency community in Asia, BeeChat has established itself as an information and exchange hub for investors, traders, enthusiasts, and experts; non-professionals and professionals could exchange ideas, information, and transactions over its network. As the team looks to expand beyond Asia, BeeChat looks to attract more users from other countries taking an active interest in cryptocurrencies and blockchain technology.

Learn more about BeeChat at: http://beechat.io/

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Bitcoin Named Investopedia’s Term of the Year After Meteoric Rise in Value and Adoption by Leading Financial Firms. #SMART INVESTMENT

Aston is going to record all the documents incurred from the international trade on a Blockchain in order to protect them against forgery and fabrication #BLOCKSHOW

Trees were trimmed, presents wrapped, and Christmas festivities were at hand when the cryptocurrency market went into a free fall. Investors awoke from their winter’s nap last Friday to a portfolio painted red, an unwelcome presentation of the rosy holiday color that has become a hallmark of the Christmas season. But with the passing of Christmas, this red has turned to a holly green, as the market seems to have found its footing following the holiday bleeding.

The Bears Go into Hibernation

It may be safe to call the most recent (and hefty) market correction over. Investor confidence is building as the market continues its climb out of a bearish slump that left many portfolios less than cheery on the eve of Christmas festivities.

At the lowest point of the correction, Bitcoin fell to as low as US$11,000, and the rest of the market didn’t fair much better. With a few exceptions, most currencies sported red candles during the dip. Litecoin, for example, fell 50% from its recent all-time high, going as low as US$187. Ethereum didn’t get hit quite that hard, but it still bottomed out at US$560, down 35% from its US$870 all-time high. In the pits of the bloodbath, crypto’s total market capitalization was US$422 billion, a breathtaking decline from its all-time high of US$650 billion just a week ago.

In spite of this downtrend, the market stabilized and now appears to be on an upswing. Crypto’s total market capitalization is steadily approaching US$600 billion once again, and was valued at US$580 billion at press time. Currently, Bitcoin is back above US$16,000, with Bitcoin Cash approaching US$3,000, Ethereum pushing US$770, and Litecoin vying to jump back over US$300.

Ebbs and Flows 

This correction came in the wake of a bull market that began in November and lasted throughout the majority of December. Over that time, we saw cryptocurrency’s overall market cap increase threefold, running up from US$200 billion in the beginning of November to its high of US$650 billion at the bull market’s peak. With this runup, the market’s top 10 experienced substantial gains, each and every one transcending all-time high after all-time high. This success was widespread, as most coins in the market only went up over the two-month period.

The recent price drop was an anticipated and healthy response to November and December’s stratospheric runup, and some investors took the dip as a buying opportunity. For those that have been in the market for some time, this dip was a sigh of relief, an opportunity to get in at discount prices, and nothing to sweat. For those newer to the game, it may have been a source of stress, a harsh first lesson in market volatility, or perhaps even a reason to panic.

Regardless of whether you’re old or new, take solace in the fact that the market seems to be healthy going into the new year, and that the bubble isn’t ready to pop yet. As with the correction that preceded it, this bounce-back is to be expected and indicates that investor confidence hasn’t waned.

Crypto may have set out to rethink Wall Street, but a decade into the experiment, advisor Jill Carlson isn’t convinced the industry has it right.

DASH/USD

DASH continues to look very quiet during holiday trading, as the $1200 level has offered a bit of resistance. We are rolling over in the stochastic oscillator, so this suggests that we will eventually start looking towards lower levels, perhaps finding support closer to the $1000 level. I would be much more comfortable buying at that level than trying to go long here.

LTC/USD

Litecoin looks similar, and struggling as there is almost no volume. I think there is significant support near the $250 level though, so any type of bounce in that area should be thought of as potential value that you can take advantage of. If we break down below the $225 level, the market will probably test the $200 level, and then break down to the $150 level. I currently believe that the market is going to go looking towards the $325.

Thanks for watching, I’ll be back tomorrow.

The post DASH and Litecoin Analysis December 28, 2017 appeared first on NEWSBTC.

ETH/USD

Ethereum did almost nothing against the US dollar as we continue to walk around the $750 neighborhood. However, the 20 SMA is starting to turn slightly positive on the 4 hour chart, so I think it’s only a matter of time before we rally. I suspect that there is a massive amount of support near the $650 level, and resistance at the $800 level. If we can break above $800, I think that fresh, new money will flood into the marketplace.

ETH/BTC

Ethereum went sideways against Bitcoin as well, as we continue to struggle just below the 0.05 handle. I look at the 0.045 level as support now, and if we were to break down below that level it would confirm that we were rolling over again. Alternately, if we break above the 0.05 handle, then I think we may bounce just a bit higher.

Thanks for watching, I’ll be back tomorrow.

The post Ethereum Analysis December 28, 2017 appeared first on NEWSBTC.

BTC/USD

Bitcoin rallied a bit during the trading session on Wednesday, but seems to be struggling with the $16,000 level. The stochastic oscillator on the 4-hour chart is crossing over in the oversold area, so I think we are probably going to pull back. However, there is a significant amount of support below, especially near the $13,000 level. I think it is only a matter of time before the buyers return to this market, but I would like to see some type of bounce first before putting money to work.

BTC/JPY

Bitcoin rallied initially against the Japanese yen as well, but also pulled down towards the ¥1.8 million level, where we found a bit of support, and we could continue to go higher. However, it’s not until we break above the ¥2 million level that I feel comfortable buying on a move higher, unless of course we were to pull back and then bounced from the ¥1.5 million level which I see is massive support.

Thanks for watching, I’ll be back tomorrow.

The post Bitcoin Analysis December 28, 2017 appeared first on NEWSBTC.

A long-time bitcoin investor is now staking his claim to a new blockchain network, one he believes will enable more value creation in the long term.

Inspired by the recent trends of Bitcoin forking, Tony Cui’s theory proposed a coexistence
of a main chain and several sub-chains derived from the main. #BLOCKSHOW