Day: January 10, 2018

BTC/USD

Bitcoin drifted a bit lower during the trading session on Wednesday, but is approaching a significant support level based upon the uptrend line. Ultimately, I think that there is significant support below at the $12,000 level, just as the massive resistance can be found at the $17,000 handle. I believe that it is only a matter of time before you to bounce and that Bitcoin continues to go higher.

BTC/JPY

Bitcoin drifted a bit lower against the Japanese yen during the session as well, but also is starting to form a hammer on the 4-hour chart, and I think we are starting to see buyers coming back into the market. Given enough time, I believe that the market is going to go to the ¥2 million level.

Thanks for watching, I’ll see you again tomorrow.

The post Bitcoin Analysis January 11, 2018 appeared first on NewsBTC.

If We’ll Need a 70% Increase in Food Production by 2050, Farmers Will Need a Helping Hand

Luckily, they have one.

If you haven’t heard of KROPS yet, you will. The KROPS app is empowering farmers all over the world to, for the first time, run the agriculture and farming businesses like actual farming businesses—with access to actual merchants, financial resources, and an even playing field in which to trade commodities.

Let’s imagine, for a moment, that you’re a farmer. Perhaps you already are one, and you work in a developed nation that has access to cash-flow-functional businesses that empower you to operate at the highest level.

Maybe you’re a farmer in a certain part of the world, and in order to function properly, you have to have all your banking needs taken care of by a bank that’s overseas.

Now let’s speculate a little more. What if you’re a farmer in a third world country—and you have zero access to financial institutions or ways to monetize your business?

The truth is, you’re more than likely our last example if you live on planet Earth. In fact, it’s more likely that you live in the same country as the farmer in our last example if you live on planet Earth—and your time is spent hastily searching for your next food source or source of fresh water.

The population is booming, and by the year 2050, our world is going to require a 70% increase in food production just to maintain our current functionality and distribution throughout the world. That’s startling.

Now, the not-so-secret-secret is, we have the power to save the world and end hunger right now. KROPS is the major force behind this movement, and it’s the one cryptocurrency that’s putting power in the hands of farmers—and changing the way farms all over the world operate.

Right now, there are 570 million farms worldwide, with 80% of the world’s food being produced by family farms, and 38% of the land on the Earth is used for agricultural purposes. You rarely see anything like that anywhere else in the world. This massive impact is responsible for 3.2 Trillion—or 6.3% of the Gross World Product.

How is KROPS helping this movement take off?

KROPS launched in January of 2017 in the Philippines. In that first month, 9 transactions were made for a total of $1,200 USD. By March, the app had 3,000 users registered, $16.7M in transactions as of December, and a total of 100M USD in product inventory. October 2017 saw 4.2M transact—in just one month. Today, the users have doubled and the total product has tripled. That’s an upward trajectory and unprecedented rise.

How is this much-needed dream coming to fruition?

CapchainX

The KROPS ICO is being exclusively handled by CapchainX—a global cryptocurrency exchange platform. As KROPS begins to grow in value over the years to come, CapchainX will be the sole source by which this watershed movement is invested—and that’s the perfect point by which to acknowledge the finest point of the KROPS value proposition:

If you invest in KROPS, you will own a part of the KROPS company. This is unheard of in the crypto universe. This would be like owning part of Alibaba or Amazon before the year 2000. Why? Unlike other ICO’s which are not attached to any kind of actual value—the KROPS ICO is allowing users and investors to not only earn tokens for mere fractions of what they’ll be worth in 2018, but you can actually own part of KROPS in the process.

Now, let’s check back in on our farmer. He still lives in a third world country, but now, it’s considered a developing nation. Why? With KROPS, he’s connected to a seamless, digital, financial ecosystem. He can easily take his crops and products, and scale them to buyers all over the world.

This is a disruption and evolution of the agricultural process—and one to be bolstered as high as possible. Get involved with the movement today. To learn more about the KROPS ICO, go online to mykrops.com.

The post KROPS: Farmers Have a New Hope appeared first on NewsBTC.

For three weeks Overstock mixed up Bitcoin and Bitcoin Cash payments via their Coinbase integration, accidentally opening up the potential for customers to profit, independent researcher reports. #BRIEF

The good old saying “when it rains, it pours” is certainly applicable to cryptocurrencies. Every time Bitcoin sheds value, the rest of the market will turn into a sea of red numbers. Even without Bitcoin’s shenanigans, the TRON price has no momentum going up to $0.25 right now. In fact, it keeps dropping even further as more time progresses. The latest TRON price decline comes in the form of another 22.67% setback over the past 24 hours.

What is the Deal With the TRON Price?

That is the question a lot of people are asking themselves right now. More specifically, there has been zero positive momentum all week long, and it seems things could only get worse as more time progresses. Thanks to another 22.067% dip over the past 24 hours, it is evident all of the good momentum pushing TRON into the cryptocurrency top 10 has suddenly turned against this project. Given its lack of a working product, that is only to be expected at this point in time.

It is quite interesting to see how things have evolved for the TRON price. Fore specifically, the currency shot into the market cap top 10 in quick succession, even though no one could exactly explain why this was happening. Moreover, this sudden rise to the top would eventually turn against the project, as a correction was more than needed at some point in the future. It seems that correction is setting in right now, pushing the TRON price back down to the range where it belongs at this stage in the development phase.

To put all of this into perspective, the TRON price took a massive hit in USD, BTC, and ETH value. Its losses against Bitcoin are the least troublesome, although we are still talking about a 19.2% retrace. Moreover, the losses against Ether are over 30%, which is pretty spectacular. As a result, the 22.67% decline in USD value is only to be expected. Right now, the TRON price clings on to $0.11, but that level will not turn into solid support anytime soon either, by the look of things.

Even though TRON still has over $1.5bn in 24-hour trading volume, no one can deny this is mainly selling pressure across all exchanges. People are looking to flee the sinking ship and put their money into far more deserving currencies. Until TROM has an actual working product – and its “management team” decides not to sell 6 billion tokens in quick succession – this situation will not improve whatsoever.

Binance is still the leading exchange for TRON, with both of their BTC and ETH pairs contributing the majority of the volume. The fact 75% of all of this currency’s trades take place on just one exchange is very troublesome, but it is not entirely uncommon in the world of cryptocurrency and digital assets. Coinnest is in third place, but even the Koreans are getting fed up with TRON. Whereas they traded this altcoin at $0.18 yesterday, even their price has now dipped to $0.12.

For the time being, it remains unclear what the future will bring for the TRON price. It is evident there are some things on the horizon which could improve the situation, but for now, these are still quite a long way away. The sudden rise to the top for TRON was nothing more than a pump-and-dump cycle, and it is due time people acknowledge this fact. There was some good money to be made while it lasted, but it seems unlikely the momentum will swing in favor of this altcoin again. Then again, the world of cryptocurrency is full of surprises

There is much talk about new forms of investment, but very little about addressing the issues haunting the investment ecosystem: the shrinking amount of liquidity on the exit, and the length of the illiquidity period. Mango Startups wants to change that, and it is turning to the blockchain as the answer to the liquidity problem.

 Today, Mango Startups has announced the launch of the first initial coin offering (ICO) for a VC fund in Latin America.

Mango Startups will use blockchain to allow backers to make early-stage investments in promising tech companies. The fund will invest in a diversified portfolio of up to 24 tech startups from different countries in Latin America. The aim is to offer transparency and liquidity as well as a clear exit strategy for the investors.

‘Our core mission is to democratize venture investments and reshape the traditional Venture Capital industry for startups and investors. We add value to startups and investors through a proven track record of coaching and due diligence methodology. We provide liquidity, transparency, and inclusivity on the blockchain,’ comments Ami Lebendiker,  Founding Partner of Mango Startups.

Our team coordinates the Latin America Accelerator Network (RETEI). With more than 8 accelerators and +1,000 startups, this network provides a huge pool of talented entrepreneurs and scalable projects to choose from. In order to minimize risk and maximize revenue, all startups in the portfolio must follow these prerequisites:

1. Have graduated from a renown accelerator program,
2. Maintain a positive cash flow for at least 6 months and
3. Provide a service platform or product that is highly scalable. Only the best companies will receive funds to be part of the portfolio.

This initiative enables anyone to invest in early-stage tech companies while keeping the investment liquid from day one.

“While equity crowdsourcing brought startup investments to the public, we are hoping that Mango Startups, with its liquidity and inclusivity, will bring more and more people to invest in a growing region like Latin America, while avoiding the inherent risk of investing into a single startup or ICO,” said Fernando Arriola, CFO of Mango Startups.

The Ethereum-based token will be made available in cryptocurrency exchanges after the ICO is over.

Massive Benefits of VC Investing vis Digital Token:

The Mango Startup Pre-ICO will launch on 1^st of March, 2018 (Join to get 33% bonus). For more information or to participate in the crowdsale, visit www.mangostartups.com

The post First ICO backed by a VC Fund in Latin America appeared first on NewsBTC.

Allowing its students to pay for their education, a South African business school believes it is making itself more accessible to the next generation of learners and Bitcoiners. #ADOPTION

The ongoing “debate” between BTC and BCH supporters is far from over. Even more companies are taking one side or the other as we speak. BlockExplorer.com has made a rather interesting decision in this regard. The company no longer thinks of BTC as the real Bitcoin, but rather “Bitcoin Legacy”. As a result, they will only support Bitcoin Cash moving forward. Furthermore, the company will start offering similar tools for other cryptocurrencies.

When block explorers grow tired of Bitcoin’s current shape, things are going from bad to worse. Everyone will agree the world’s leading cryptocurrency is not in a good place right now. It’s slow, overly expensive, and inconvenient to use for anything but being a store of value. Even that latter aspect has become problematic as BTC keeps losing value every day. BlockExplorer.com acknowledges these problems and will drop support for this chain.

A Radical Decision by BlockExplorer.com

More specifically, the team labels the “Blockstream fork of Bitcoin” as Bitcoin Legacy. It is the first time a major company denounces BTC as being the real Bitcoin in an official capacity. Although this decision is controversial, the team thinks it’s the right decision. All support for Bitcoin legacy will be dropped in the future. Instead, BlockExplorer.com will switch to Bitcoin Cash moving forward. It is unclear when support for BTC will be deprecated, but it will happen “soon”.

According to the team, the current BTC developments make it a “dead end”. This is a pretty interesting opinion, which will create a fair few debates. Furthermore, BlockExplorer.com will refer to Bitcoin Cash as being the one true Bitcoin. Whether or not this is the right decision, has yet to be determined. Other companies have been somewhat vocal about Bitcoin becoming far less attractive and less useful. If more companies drop BTC support in the future, things could get very interesting real fast.

For the time being, it remains unclear what the future holds for Bitcoin and Bitcoin Cash. The world’s leading cryptocurrency has lost a lot of its allure and the price keeps dropping. Bitcoin Cash has also taken a bit of a beating but seems to be fine otherwise. At this rate, it is highly doubtful BTC will remain the world’s leading cryptocurrency for much longer. Users and investors are getting fed up with the problems, both technically and ideologically. A very interesting future lies ahead for all enthusiasts, that much no one can deny.

The post BlockExplorer.com to Label BTC as Bitcoin Legacy and Go All-in on Bitcoin Cash appeared first on NewsBTC.

The landscape for tokens and ICOs will change this year, but the effects might be farther reaching and more impactful on society than you’d think.

Online retail giant Overstock.com has reportedly experienced a bug that meant it mixed up payments made in two different cryptocurrencies.

China’s Bitcoin miners are doing just fine, and could withstand both regulatory constraints and a massive Bitcoin price correction due to cheap energy costs. #MINING

Crypto market down, top 10 coins up to 17% losses this morning. #NEWS

Bitcoin is looking weaker on charts today, courtesy of a three-day losing streak, and could drop even lower in coming days.