Day: January 25, 2018

IOTA has proven to be an interesting project for many different reasons. So much even that major company executives are paying close attention to these developments. Volkswagen CDO Johann Jungwirth is joining the IOTA Foundation’s Supervisory Board. This is a rather intriguing development which helps validate this blockchain and digital currency project altogether.

Jungwirth is working for Volkswagen since late 2015. He is in charge of driving digital transformation for the Group’s 12 brands. These brands include household names such as Porsche, Audi, Lamborghini, and others. Having this person on board of the IOTA Foundation Supervisory Board is a  big step forward for the project as a whole. Considering how the project wants to enable global use cases, having Jungwirth on board will certainly be a big help.

A Major Step Forward for IOTA

It is the first time a C-level executive joins the supervisory board for a period of at least five years. This is an independent organization which meets regulatory to approve annual budgets. It’s also responsible for putting together the roadmap, rules of procedures, et cetera. Jungwirth’s expertise will certainly be put to good use in this regard.

Volkswagen Group CDO Johann Jungwirth comments as follows:

“IOTA has the potential to set a standard for trusted machine-to-machine transactions. With its brilliant technology, it’s no question why mobility and technology companies as well as other key players in the industry are joining the Foundation. I’m delighted to join the team and be a part of where IOTA is headed in the future.”

With IOTA focusing on transacting data and money, it has a lot of potential. Putting this idea into a working and reliable project is something else entirely. The project will need some big players on board to successfully complete this mission. The technology already facilitates payments, value chains, over-the-air updates, et cetera. A lot more use cases have yet to be explored in this regard.

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Blockchain Capital has announced that Jimmy Song, a bitcoin core developer, has joined the blockchain firm as a venture partner.

Bitcoin bulls seem to have gained an upper hand, but the cryptocurrency is still struggling to find follow-through buying today.

Digital money platform Uphold has received a $57.5 million investment from former Federal Reserve analyst and Ripple chief risk officer Greg Kidd.

So we are off on to a fresh day of trading and we’re entering this one with some degree of optimism. Why? Because this is the first morning in a while when we’ve seen price actually maintain some strength that it picked up overnight and this could be an indication that sentiment is finally starting to turn in the space.

That’s not certain, of course, it’s more speculative than anything, but given the action we’ve seen over the last few weeks, it’s far from an unreasonable suggestion.

If this is the case, maybe price can finally find a floor in and around current levels as opposed to constantly flirting with a downside breach of the $10,000 mark and, in turn, settle into a sustained period of upside appreciation.

We’re not looking for anything massive – a nice controlled move will do – we just want to see things pick up.

So, with all this said, let’s get down to it.

As ever, before we get going, take a quick look at the chart below so as to get an idea where things stand and where we’re looking to get in and out of the markets as and when things move near term.

The chart is a one-minute candlestick chart and it’s got our primary range overlaid in green.

As the chart shows, then, the range that we are looking at for the session today comes in as defined by support to the downside at 11311 and resistance to the upside at 11434.

If we see a close above resistance, we’ll get into a long trade towards an upside target of 11600. Conversely, a close below support will have us in short towards a downside target of 11200.

Let’s see how things play out and we’ll revisit later.

Charts courtesy of Trading View

The post Bitcoin Price Watch; Finally Some Upside Momentum? appeared first on NewsBTC.

Adult webcam sites offer terrible terms to their models but all of this is now set to change thanks to blockchain based live stars platform.

There is a whole segment of workers that have found work in the internet webcam business. These webcam models can have quite a significant income from the work that they do online. These websites usually have users sign up for them and then pitch them against each other to pay tips for webcam models to perform. Often times viewers of the websites have to purchase tokens to tip the models or to complete other actions on the platform and the website takes a percentage of that as a cut or a fee while passing the rest of it on to the model. While the webcam industry may have given an opportunity for entertainers to earn money safely and easily, it is also prone to many issues. The commissions that these websites take are extremely high. According to chaturbatemodelblog.com, “You get fifty percent (or more!) of all your broadcast earnings. And After they take their cut, twenty tokens are worth a dollar for you, so you will make a hundred dollars if you earn 2000 tokens. The more tokens you earn is the more money you get. There is no limit.”

At the moment performers are stifled with oppressive conditions which include meeting a payment threshold, having to pay a long intermediary chain which includes agents, managers and internal transaction platforms. For the users of existing platforms, there are problems like possible identity theft, leakage of credit card information etc. Live Stars, a webcam platform that utilizes blockchain is attempting to change the rules of the webcam industry.

Live Stars sets itself apart

The first ever blockchain based webcam platform is already ready with an Alpha in place. Live Stars provides complete privacy thanks to blockchain technology. There is no need for users to purchase website specific coupons as the whole process has been made more transparent due to tokenization. This leads to the complete elimination of the need to share credit card details and other sensitive information. What is more, since this token would be purchased and sold on exchanges, it can be redeemed for fiat or other cryptocurrencies at any time. Most webcam entertainment websites do not refund money once they have sold their internal currency to a user.  Blockchain is also utilized for the purposes of data storage and transfer, so that maximum security can be guaranteed. The entertainers will benefit from this system as they will have no need to wait to convert website currencies into real money. Live Star’s tokens called ‘LIVE’ would be encashable at exchanges whenever they wish.

Live tokens for sale

Live Stars is conducting a token sale that will end on Valentine’s Day on February 14, 2018.  LIVE tokens will be sold to the investors during this crowdsale with up to 70 percent of the tokens up for grabs. LIVE tokens are an ERC-20 Utility token based on the Ethereum blockchain. Investors can participate by visiting Live Stars website for more details. A White Paper has been released that lists all the technical details about the project as well as the future roadmap that the project will take. The LIVE token would be listed on major exchanges post the crowdsale. Models would be able to start monetizing their services after the beta version of the project goes live.

Blockchain to be a saviour of lives

Blockchain technology has been applied in many areas of our life but the adult industry has been bereft of the benefits like immutability and transparency that it provides. Models on webcam sites face real-world dangers even though they operate in cyberspace. Some models have been victims of blackmail, others have been trolled mercilessly. The New York Times published the story of Lacy a model whose identity was exposed by a client, “A particularly heavy tipper started making demands about what outfits she should wear. He became threatening. Afraid of losing his tips, she initially acceded to his demands, but then stopped. Soon after, her real identity started showing up around the Internet, tied to her cam name and her real address. She went to the police, but was told there was nothing that could be done; putting real information on the Internet is not illegal.” The promise of storage security and data encryption, coupled with the elimination of most intermediaries will create a safer working environment that will attract more talent to the webcam scene. It will also bring more equity to an industry that is known for discriminating against male models. Overall the benefits that blockchain is extending to this segment of adult entertainment can’t be described less than life-saving.

The post Why Does the Adult Entertainment Industry Need Blockchain? appeared first on NewsBTC.

Two U.S. financial regulators are increasing their commitment to bringing closer scrutiny to the cryptocurrency industry, according to their chiefs.

Bitcoin is still leading the market, but the trend is turning to bulls, a new entry point is waving.

BTC/USD

Resistance: $11,650 & $13,000, support: $9,900 & $9,230.

Data feed from AICoin

Comments:

Basically, the bullish trend of broad market has been formed, though BTC is still suffering from the possible bearish factors, trend is inclining to bulls however main funds try to depress the price and accumulate chips. Even if there’s a bearish policy ahead, the market is expected to suffer less loses than it did on September 4, the possibility for a correction can’t be excluded,. Target can be set near $15,000.

Suggestions:

Chasing after dips is not recommended though bulls are stronger than bears, but you can try to go long when price dips and pay special attention to the risks. Setup with heavy positions is also not recommended before bearish factors are completely digested.

BCH/USD

Resistance: $1,693, support: $1,480.

Data feed from AICoin

Comments:

Strength of current rally seems weak as BCH follows the trend of broad market. Besides, BCH has come to the end of the oscillating triangle area on hourly chart with signs of an upward breakout. The breakout in BTC price is the only thing that BCH needs for a surge.

Suggestions:

In case of a fake breakout, special attention should be paid to volumes when price breaks above the triangle area, besides, chasing high is also not recommended as BCH may be blocked by the possible bearish policy.

ETH/USD

Resistance: $1,150, support: $1,000

Data feed from AICoin

Comments:

ETH gets straight to the point and bounces with decent strength as usual. Currently, ETH remains well above $1,000 and holds a great chance to test the resistance area near $1,150.

Suggestions:

ETH holds greater risks when compared with BTC as it shows greater strength during rally. Even if you set up long positions at a low level, being cautious is still recommended.

ETC/USD

Resistance: $30, support: $28.

Data feed from AICoin

Comments:

ETC stopped dipping further yesterday and turned stable in price move, sharing a similar move pattern with LTC. More gains can be expected if ETC breaks above the resistance area near $30, target price can be set at $40.

Suggestions:

Though it’s difficult to pull ETC down by dumping chips as it closely follows the broad market in price move, the breakout in ETC price still needs the assistance from BTC price. Positions can be set up in advance, when price skyrockets, adding to your positions is recommended.

LTC/USD

Resistance: $187, support: $171.

Data feed from AICoin

Comments:

LTC seems weak and shares a similar move pattern with BCH but not ETH. Since the strength when price dipped below the triangle area last night was insufficient, LTC is very likely to start next round of rally when the broad sentiment turns bullish.

Suggestions:

Technically speaking, LTC still has enough room to climb, you can deploy your setup in advance.

Original by Eric Chau from Hashpai, translated and posted by AICoin Jami.

Disclaimer: The information contained herein is not guaranteed, and is strictly for information purposes only. It does not constitute any trading proposal and will not be liable for any loss based on the information herein.

The post Crypto Price Analysis – New entry point is waving appeared first on NewsBTC.

The United Nations are paying attention to innovative technologies. Especially when it comes to enhanced climate action, a lot of interesting things will happen. Right now, their objective is to utilize blockchain technology for this specific purpose. As a result, the Climate Chain Coalition has been formed. An interesting development that will help put blockchain technology on the map even further.

It is good to see the United Nations pay attention to blockchain technology. This new innovative technology can help them achieve many different goals in the future. For now, the main focus is on climate change and coming up with viable solutions. Creating the Climate Chain Coalition makes a lot of sense in this regard. It will elevate the fight against climate change to a whole new level.

United Nations and DLT Technology

More specifically, this coalition is formed by 25 organizations working on distributed ledger technology. This global initiative has announced they are open to more members joining the risks moving forward. Enhancing climate action and sustainability are the two main priorities for the time being. It is evident the United Nations needs some sort of innovative approach to addressing climate change. How blockchain will factor into all of this has yet to be determined at this point.

It is true DLT-based applications can impact many different aspects of life. Enhancing the environmental integrity is an option well worth looking into right now. Most other solutions and projects to date have not been overly successful when it comes to climate change. Even though DLT may not be the answer per se, it remains to be seen what the future holds. There are multiple advantages to this particular technology than one might think.

More specifically, the blockchain can be used for improved monitoring, reporting, and verification of information. It can also benefit transparency, traceability, and cost-effectiveness of climate action. Whether or not it will help build trust between climate actors, remains to be seen. It is good to see the United Nations focus on newer technologies in this ongoing battle. Avoiding duplication of effort will allow for better and more streamlined efforts in the future.

The post United Nations Forms DLT Coalition to Fight Climate Change appeared first on NewsBTC.

Things are looking up once again for most cryptocurrencies. Even though there is still a very long way to go, things are certainly moving in the right direction as of right now. The NEO price is a good example of how stability can be achieved in the next few days. More specifically, we now have a NEO price of $140, which represents a 10.45% increase over the past 24 hours. An interesting trend, although things are not as black and white as it may seem

NEO Price Starts to Regain Momentum

It is always interesting to see how things evolve in the world of cryptocurrency. Especially when it comes to different altcoins, the markets tend to respond in ways most people wouldn’t normally expect. It is evident there is a lot of money to be made in the cryptocurrency world, especially when you flip the right altcoins. With the NEO price heading back to above $140 soon,  the momentum is turning in favor of cryptocurrencies once again.  Whether or not things will improve from here on out, is anybody’s guess at this point.

More specifically, the NEO price has hovered near $140 all week. There was one major dip to $113.37 earlier this week, but it seemed that dip was bought up fairly quickly. People who bought NEO at that lower price have made a nice chunk of profit in 48 hours or less. This doesn’t mean now is necessarily the best NEO price to place more buy orders, but one never knows how things play out. After all, the altcoin reached a value of over $190 not that long ago.

With the NEO price seemingly stable around $140, it will be interesting to see how things evolve. This current 10.48% gain in USD value and 7.2% gain in BTC value over the past 24 hours is pretty significant. Especially for the people who buy altcoins as a way to increase their BTC holdings, NEO has proven to be a solid bet in recent weeks. If the NEo price can continue to go up in value, it seems the NEO/BTC ratio will continue to improve in favor of the altcoin.

Thanks to $525m in 24-hour trading volume, this current NEO price trend can be sustained for quite some time to come. Even though ENO has never been a highly-traded altcoin compared to some other markets, no one can deny it has a certain appeal. While it seems unlikely this currency will ever rival Ethereum in terms of technology and value, things may turn out very different compared to what people might expect. After all, it took Ethereum several years to hit a four-digit value, and NEO is certainly capable of doing the same.

With most of the NEO trading volume still coming from Upbit, we can confirm South Koreans have shown a growing interest in this particular altcoin. Binance is also a popular exchange to trade NEO, as their BTC and USDT markets both generate over $55m in trading volume in the past 24 hours. The first USD market is Bitfinex’ market with $43.6m in volume. With the Bitcoin price still somewhat stuck in sideways momentum right now, it is only normal people will look toward altcoins in the near future.

It is unclear what the future will hold for the NEO price as of right now. While the current gains cannot be dismissed whatsoever, there is no reason to think this trend will remain in place for the coming days. All cryptocurrency markets are still extremely volatile as of right now, and the momentum can easily swing in favor of the bears once again. If this trend keeps up, the NEO price will hit $150 in the near future, it could easily head to $125 again for all we know.

iGaming platform provider CashBet has partnered with Arsenal Football Club in a deal that will promote the firm’s new crypto token.