Day: January 2, 2018

2017 has been a record breaking, awe inspiring rollercoaster ride for cryptocurrency valuations with over 2000% valuation increases. With all the hype and global attention on Bitcoin and other cryptocurrencies, Initial Coin Offerings have attempted to tokenize just about everything in 2017. However, in this culture of tokenization, what everybody has failed to observe is that, with price spikes in crypto valuations comes energy spikes in transactions processing.

As of September 30, 2017, 1 Bitcoin transaction could power 7.5 homes in the US for a day.

 As of December 31, 2017, 1 Bitcoin transaction could power 10.5 homes in the US for a day.

This trend should cause severe alarm and provide us all with reason for concern. Furthermore, with a tidal wave of ICOs forthcoming this year all intending to take advantage of the hype and frenzy that is frothing within the crypto community, the consumption of electricity to process all these transactions is only expected to rise exponentially.

A proof-of-work (POW) system (or protocol, or function) is an economic measure to deter denial of service attacks and other service abuses such as spam on a network by requiring some work from the service requester, usually meaning processing time by a computer.

On the contrary, Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a miner, the more mining power he or she has.

While we all look forward to proof of stake to evolve, nevertheless, the most sought after, pioneer proven currency remains Bitcoin, which continues to operate on a proof of work methodology. This is why the network is voraciously consuming electricity for the foreseeable future.

This situation is extremely reminiscent of the heated debate experienced between our dependence on fossil fuel consumption versus our shift to renewable energy consumption as a civilization. This debate has been ongoing for over two decades now, and our dependence on fossil fuels is anticipated to continue for the foreseeable future similar to our dependence on proof of work.

In lieu of this culminating impending crisis, one company has taken measures to solve this head on. 4NEW Limited, a UK based Waste to Energy treatment plant, launched its pre-sale in the fall of 2017. 4NEW successfully raised USD 30.5MM from US private equity funds in a conventional round of funding, achieving their soft cap requirement. Now with the funding for the plant secured, 4NEW has allocated all its electricity output into its coin, namely KWATT. The plant has a capacity of generating 300 million kilowatts per annum. With a total coin supply of 300 million, each KWATT Coin will be backed by 1 kilowatt of electricity.

This electricity will be applied towards the mining of bitcoins and other cryptocurrencies. So while blockchain network protocols take time to evolve into a more energy efficient network, we can have a sustainable mechanism via which cryptocurrencies can transact in an environmentally responsible fashion with zero impact to the climate as is the case with dependence on fossil fuel generated electricity.

Furthermore, for the first time, we have a utility company solely dedicated to providing energy to blockchain networks; With the people holding the power to allocate this energy in their desired location via a voting structure only available to the KWATT coin holders. Needless to say, 4NEW has successfully tokenized electricity, the most sought after commodity for our civilization with applications not just within the crypto community but also mainstream utilization.

Website: www.4new.co.uk

Video Link: https://www.youtube.com/watch?v=UjqcsBQkAwE

Telegram – https://t.me/joinchat/EgIZbBDLYGHlhtbSS58i-Q

Facebook – https://www.facebook.com/4newcoin/

Twitter – https://twitter.com/4newcoin

Instagram – https://www.instagram.com/4newcoin/

LinkedIn – https://www.linkedin.com/company/4new/

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Happy New Crypto Trading Year! #PRICE ANALYSIS

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The cryptocurrency market sets all-time-high above $660 billion while bitcoin dominance dropped to its historic low.

London – January 02, 2018  – Humaniq opens access to its unique API to partners as part of the plan for further development of provided services and diversification within the Humaniq ecosystem.

Open API provides access to key user data, such as transactions between user cryptowallets and other operations with the HMQ token. Moreover, it makes user profile and account information available, along with the bio ID data. This enables the users to sign into the Humaniq App remotely via partner services and applications. Furthermore, it will be possible to integrate a secure messenger on the Humaniq platform. Among other potential partnering collaborations there are various forms of services exchange for converting HMQ to fiat money along with other cryptocurrencies.

“Opening our API to partners will enable Humaniq to involve more digital projects and startups into its ecosystem benefiting all parties. Humaniq will serve an enabler of development for projects designed around bright ideas but lacking necessary resources for creation and promotion of their own infrastructure from scratch. Our aim is to engage more partners from various areas – ranging form fintech and banking to charity and healthcare to name a few – and create an ecosystem that will uncork the social and economic potential of developing countries”, Kirill Goryunov, Сhief Product Officer of Humaniq was quoted as saying.

The Humaniq platform offers a unique opportunity  for creating services in a number of social and economic spheres. Among these are such services as mobile banking, P2P accounting, freelance jobs, charity, crowdfunding, insurance, banking and financial services, agriculture, housing and household services, education, social projects, medicine, and many more.

Humaniq has recently announced the launch of its own Android app designed for the users in Africa familiar with wielding next generation financial instruments and services. The app provides access to a mobile wallet with the HMQ cryptocurrency and has a secure built-in messenger. The BioID system protects user profiles and account data while making the app most user friendly and secure, even for those who are not as familiar with the present day mobile applications.

About Humaniq

Humaniq is a London-based Fintech start up that provides next generation financial services to the unbanked and underprivileged people in emerging economies worldwide via its Blockchain-based mobile application. Humaniq is focused on  a global financial inclusion by providing access to international markets, greater opportunities, and novel financial solutions using repurposed technologies for those gaining exposure to financial services for the first time.

See more at: http://humaniq.com

Join us:

https://www.facebook.com/humaniq.co/

https://humaniq-co.slack.com

https://www.linkedin.com/company/humaniq

https://t.me/HumaniqNews

https://www.reddit.com/r/Humaniq

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 ABC, a full node implementation for bitcoin cash, released a new BCH address format to prevent funds from going to BTC addresses instead.

ETH breaks new all-time high, trading at over $900 this morning. #NEWS

ZeroSum’s live platform provides users with a no-fee, no-pro, fantasy trading experience – allowing winners to earn real money via ZFX

Chicago, IL – January 02, 2018: ZeroSum, a start-up reinventing the trading experience with its peer-versus-peer trading platform, announced today that it would offer an Ethereum based Token Sale (ZFX) allowing the company to further develop their existing live platform. The developments would enhance a user’s ability to enter or create a competition on any topic or subject that has a reliable data feed, allow 3rd party platforms to leverage the ZeroSum technology to facilitate their own competitions and help create a sentiment feed – giving traders more insight into identifying alpha signals.

ZeroSum is a platform that allows users to compete in peer-versus-peer trading competitions and win money via ZFX – eliminating trading fees, market makers and advantaged players typically found in Forex, Stock or regular trading environments.

“It’s well known that upwards of 70% of traders are not profitable after their first year of trading. What most people don’t realize however, is that over trading and the ridiculously high-costs associated with it is one of the main culprits for losses.”  says Lawrence.

“For a typical retail FX trader, they would have to open an account with a $5k minimum and then overcome large spreads and maybe trade on too much leverage, since it is encouraged. You’re just trying to get your feet wet and learn about the market, and before you know it you’ve gone through their entire deposit. I have heard too many of these stories and felt that it was unfair. With ZeroSum a competitor can learn how the markets work. They can experience the cryptocurrency world, try and test strategies but for a much smaller and safer cost. Those lessons will translate to the real market. I feel that this is really a great learning tool for those looking to enter the market, and as well as for experienced traders looking to test out a new theory or trade ideas.” says Lawrence.

About ZeroSum and the ZFX Token

The ZeroSum platform has been live since 2016 and has facilitated 1000s of users in peer-versus-peer trading competitions. ZeroSum is backed by a team and investors with prominent Wall St. experience. With a no-trading fee structure users can find, create, and enter fantasy trading competitions against peers – playing for ZFX which can be exchanged for cash on appropriate exchanges.

They will expand current competition capabilities to support 3rd party access, add trading capabilities based on a wide range of data fees, and finalize development on their sentiment engine, giving users an edge in identifying alpha signals.

SOURCE: ZeroSum

Related Links:

Trading platform: https://www.zerosummarkets.com/

ZFX Token: http://zfxtoken.com/

For further information contact:

Kyle, [email protected]

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.

Egypt’s Islamic religious leader says the cryptocurrency trading is not legal based on the Islamic religious law.

Betex is seeking to reintroduce binary options trading with the versatility and transparency of the Ethereum blockchain. Offering peer-to-peer trading, the ERC-20 tokens and smart contracts of their system will allow for full disclosure of fund movement and procedure. With up to 95% of the results of betting to be going to traders, Betex provides a lightweight system for betting.

Disclosure: This is a Sponsored Article

The Betex platform aims to provide solutions to the difficulties surrounding binary-options trading that exist today. Regarding their transparency, work is done on the blockchain to provide a secure and transparent feature to all operations. This negates the issues surrounding the falsifying of data from the brokers end. All betting is done in a collective pool for a given option, and price calculations are done through a composite rate from open sources. Their platform also allows third-party brokers, vetted by their White Label system, to expand upon the options for trading.

Betex will be able to minimize costs of business so that where up to 95% of all betting is distributed among the successful bettors. Each transaction (bet) will disburse the remaining five percent as 2.5% to the holders of BETEX tokens according to the amount of BETEX they hold, 2.0% to the brokers connected to the platform, 0.3% as permanent contributions to the projects development fund, and 0.2% to a reserve fund to cover any unexpected costs should they arise. The project expects to break even after approximately a year after official launch.

The types of tokens involved in Betex are the SBT, or Stable Betting Token, and the BETEX, or Betex Token. The SBT has a consistent value of 1 USD, and is used in all the betting for the system. The SBT -are issued automatically by the smart contract with each exchange request. They are also burned with a reverse exchange, and therefore the number of SBT tokens at any given time reflect the current amount of funds within the Betex system. Payments to winners, brokers, and holders of the BETEX token are done with SBT.

The BETEX token is to be distributed through the 2 periods of pre-sale, December, 4th to January, 8th (now live) in the amount of 500,000 tokens, and January, 10th to January, 31th, in the amount of 1,500,000 tokens. Regarding the pre-sale, BETEX is to be under the SAFT or Simple Agreement for Future Tokens, and therefore transferred to contributors after they are generated and registered. There will then be a main round of sale in Q3 2018, announced at least 30 days prior to start, where the remainder of tokens will be obtainable. The total amount of BETEX tokens will be 10 million.

Betex is also planning for expansion into different markets of betting, such as sports and esports.

Further information can be found at the Betex website and in their white paper.

Despite the overall bear signals in the weekly chart, there are pocket of bull pressure.

As such, we expect a short term Monero buys going forward. The only thing we should be watching for now is how price reacts at $400.

At the same time, the same set up is panning out in IOTA. Even though there is over-valuation in the higher time frame chart, our immediate resistance lies at $4.2 and $5 respectively.

Let’s have a look at other charts

$1.1 IS NEM’S SHORT TERM RESISTANCE

NEM sellers are pushing prices lower after testing the upper limit as marked by the minor resistance trend line.

Even though we are in a perfect uptrend, the fact that we have that over-extension after last week close put in some “bear” element to this buy pressure.

In light of this, we expect the minor support trend line and $0.84 price tag to be our minor support going forward and if sell pressure clear through these two then the odds of this week closing in as a bearish is high.

DASH FINDS SUPPORT AT $1000

From the chart, the minor resistance trend line and major support line at $1000 remain as it was yesterday.

In fact, price action is oscillating within a very tight range. Now that we have a 3-bar bear reversal pattern in the weekly chart, it is safe for DASH sellers to wait for a stochastic sell signal to print from the overbought territory before initiating sells.

Even though there is a little bit of consolidation and support at $100, that DASH bull candlestick pushing above the 20 period MA is defining and may even invite bull pressure.

BEFORE $5, IOTA’S IMMEDIATE RESISTANCE IS AT DECEMBER 27 HIGHS OF $4.2

Notice how the 20 period MA is acting as a support? This is encouraging for buyers and already with a break and close above the minor resistance-now support trend line, IOTA buyers may pump prices to $5.

Before then, let’s expect immediate prices to react at December 27 highs of $4.2 that is assuming this buy momentum continues.

SHORT TERM MONERO BUYS WITH RESISTANCE AT $400

It’s obvious that Monero is in accumulation and despite the stochastic buy signal, the minor resistance trend line which by the way is our short term buy trigger remains intact.

Overly, there is a stochastic sell signal in the weekly chart. As such, we are only taking short positions as long as there is a stochastic sell signal.

We can continue buying but this is will be in the short term. Then it will also depend on if there is a break above the minor resistance trend line.

So, if your intention is to buy, wait for that break above. However, I recommend patience until a sell signal prints. Why fade a sell trend?

LTC PRICE ACTION IS SLOW AS DIP CONTINUES

Despite hints of LTC buy pressure, price action is slow. There is a stochastic buy signal yes but that’s the end of the narrative.

All we need in this chart is a signature close above the middle BB and a follow through of that bullish divergence pattern in the secondary chart.

Otherwise, if it remains this way then sellers won’t be entering at “favorable” prices. Patience is an asset now and entry is conditional only if a stochastic sell signal prints from the overbought territory.

All charts courtesy of Trading View

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