Day: February 2, 2018

Even though interest in cryptocurrency has never been higher than it is today, the markets are still rather illiquid at times. Especially when compared to traditional financial markets, there is plenty of room for improvement. This is where QASH comes into the picture, as it’s the native currency of the LIQUID project. So far, this project has attracted a lot of positive attention, even though it remains to be seen how the rest of the world will respond.

What is the Purpose of QASH?

Bringing more liquidity to the cryptocurrency economy will not be an easy feat by any means. Even though QUOINE is a respected exchange, they know all too well how the absence of trading volume can quickly become a big problem. The native asset of the LIQUID platform is meant to help spread available liquidity resources in the future. Right now, those resources are sealed, which creates liquidity problems more often than not. Emerging markets are underserved in this regard, and utilizing larger liquidity pools is not an ideal course of action.

How Does LIQUID Work?

It is evident there needs to be some form of matching engine to connect siloed liquidity reserves. That is much easier said than done, but the QUOINE team is confident their World Book globally-sourced trading platform will make a big impact in this regard. It also boasts a suite of native services known as Prime Brokerage. Bringing together a global network of cryptocurrency exchanges to enable the highest level of market liquidity is the name of the game.

Under the hood, the LIQUID platform is a financial utility which will be of great value to the cryptocurrency economy. Token issuers, holders, and innovators will all come together under a global umbrella to create additional liquidity in this market, though it won’t happen overnight. With regulatory approval secured as well as exchange and banking relationships under their belt, this platform can certainly become a big player in the financial sector.

All of this sounds great on paper, but it does not explain the need for QASH. The QASH token will allegedly rival Bitcoin and Ethereum in the future, as it is expected that QASH will be adopted by financial institutions and fintech startups as a method of payment. This sounds rather ambitious, but there’s no reason to think something like this cannot happen. The currency can be traded on all major exchanges, and QASH is already an accepted form of payment on QUOINE services.

The Future of QASH and LIQUID

As one would expect, there is a lot of progress to be made in the coming years. LIQUID’s future roadmap includes the launch of the QUOINE LIQUID Direct Market Access Beta later this quarter. In Q2, the platform will launch officially, which will also introduce new use cases for QASH. Speaking of which, the QASH blockchain will go live in Q2 of 2019, and LIQUID will obtain a banking license in Q3 of 2019 – that is, assuming these plans do not hit a roadblock in the meantime.

The Chinese tech giant Cheetah Mobile has announced this week it just launched a new multi-cryptocurrency wallet that stores bitcoin core (BTC) and ethereum (ETH). The firm’s ‘Safewallet’ features a three-tiered security defense system with an intuitive interface.

Also Read: Markets Update: Bears Claw Cryptocurrency Prices Down to New Lows

Cheetah Mobile Introduces BTC/ETH Compatible Wallet

Cheetah Mobile is a mobile internet provider and application producers based out of Beijing China. The company is the creator of some of the world’s most popular mobile applications and as of January 2017, the company boasts 634 million monthly users. The firm’s cryptocurrency wallet platform will hold BTC and ETH using a three-tiered security system that monitors user behavior, phone security, and asset management.

“The app allows users to easily and safely send and receive assets, create and manage multiple wallets, and import wallets in a variety of formats,” Cheetah Mobile explains.

Safewallet has no access to your private key and may not, under any circumstance, initiate a transaction using your private key on your behalf.

Cheetah Thinks the Company Will Have a Strong Impact on the Crypto-Environment

The company also details that the new offering uses an “optimized transaction fee algorithm to reduce transaction fees and confirmation times.” Cheetah Mobile says the team of developers who created Safewallet has provided security services for millions of users who utilize apps like Clean Master and Security Master.

“Cheetah Mobile’s move into the blockchain industry represents a significant moment for our company,” said Edward Sun, SVP of Cheetah Mobile during the launch.

Similar to our AI strategy, we are committed to staying at the forefront of the latest technological trends, and mobile asset security is an area that we believe we can have a strong impact.

Another unique feature within the Smartwallet interface is the ‘safety keyboard’ which protects from key-logging and data breaches. Smartwallet is currently available for Android users via the Google Play store and Cheetah Mobile says iOS is on its way. Additionally, the company says the wallet will support ERC-20 tokens and other cryptocurrencies in the near future.

What do you think about Cheetah Mobile’s cryptocurrency wallet? Let us know in the comments below.

Images via Shutterstock, Cheetah Mobile, and Smartwallet.

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The post Popular Chinese Firm Cheetah Mobile Launches Crypto-Wallet appeared first on Bitcoin News.

January has been a dire month for those who joined the rollercoaster on the way up to Dec. 17’s highs. Its downfall has partly been down to a lot of fake news though. #ANALYSIS

It is Friday morning out of Europe and it is time to take a look at how action overnight played out in the bitcoin price and, in turn, how we can try and use this action to formulate a strategy going forward. As many reading will probably already be aware, this hasn’t been a particularly strong week for any cryptocurrency in the market. The majors, as well as the more alternative coins, are down across the board and it’s looking as though we aren’t going to see any degree of near-term reprieve. When you zoom out and look at the overarching market trends, things aren’t as bad as they seem right in the middle of a decline. With that said, however, it’s never easy to take a 50% or more loss and sentiment is, as a result, resoundingly low right now.

So, heading into the session today, here is what we are going for. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand. It is a one-minute candlestick chart and it has 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 8528 and resistance to the upside at 8888.

We are going to try and get in to a long trade if we see a close above resistance. On that one, a target somewhere in the region of 9000 flat looks good.

Looking the other way, we’re going to jump in short on a close below support.

Again we need a pretty reasonable target, so we’re looking at 8400 on this one. A stop somewhere in the region of 8560 will help us get out of the position if things turn against us.

Charts courtesy of Trading View

The post Bitcoi Price Watch; Here’s Where We’re Looking This Morning appeared first on NewsBTC.

As more brands look to test the waters of the emerging industry of virtual reality (VR), the demand for content creators will soon outstrip current traditional supply channels, which are already limited. VR content sharing platform ImmVRse proposes a direct solution to this problem, by bringing together content creators, brands and advertisers into a decentralized ecosystem.

Disclosure: This is a Sponsored Article

VR is the Sleeping Giant of Future Technology

Although the concept has been around for decades, it is only recently that VR has truly begun establishing itself as a mover and influencer of modern society, with experts predicting that the next decade will see a boom of VR adoption. Goldman Sachs forecasts that revenue from the VR sector will breach the $100 billion mark by 2025, signalling the maturity of a technology that is already seeing early implementation across multiple disciplines such as medicine, gaming, manufacturing and education.

Across these industries, substantial hardware and software investments have already been and continue to be made. In the entertainment industry particularly, VR grows into more potential, promising to enhance experiences for movie-goers and film enthusiasts alike. Already, viewers use VR to immerse themselves right into the action, experiencing a reality outside of their own, almost living the stories of their characters and sharing their experiences. This is a far move away from the previous role of the viewer as a mere spectator.

But the current demand for specific and quality VR content will soon outpace that of supply. Here, ImmVRse proposes to be the platform to sustain and accelerate VR content development.

Decentralized content to accelerate the VR industry

There exist several VR platforms already, but these are generally used by 180/2D content creators, which has failed to catalyze VR content growth. ImmVRse will target VR content creators, encouraging them to use the platform as a showcase of portfolio, exposing their work to dedicated VR audiences which can lead to employment opportunities unrestricted by location.

As an application, ImmVRse will connect VR content creators with international brands and advertisers, allowing them to inspire, collaborate and produce the very best VR content online. Aside from being a decentralized marketplace, ImmVRse can also be used as a content distribution channel. All transactions between platform users will utilize its own native digital currency called the ImmVRse token (IMV).

Using the sophistication of Ethereum smart contracts, all transactions are secured and validated without the need for intermediaries or arbitrators. Content creators can get paid by brands for their services directly with IMV, while advertisers can use the same token to manage advertising options within the platform.

In the spirit of decentralization, control and decision making lie within the hands of the community, allowing for greater freedom and creativity in workflow. As peers directly process job creation and hiring via smart contracts, terms and conditions are determined by brands and content creators, with payments secured by parameters determined between the contract parties.

The immediate edge of using ImmVRse will be the immediate reduction in cost thanks to low transaction fees and the elimination of commissions or prerequisites such as banking accounts or geographical location. Sending and receiving IMV takes a matter of seconds and costs a fraction of conventional methods.

The borderless nature of ImmVRse payments means that content creators located in places where they would normally be restricted by certain geographical and regulatory limitations can finally access, and likewise be accessed.

About ImmVRse

London-based ImmVRse is led by some of the brightest talents in the VR industry, with an average of over 15 years hands-on experience. Having managed large-scale multi-million dollar projects, their combined expertise in marketing, process specialization, HR, infrastructure development and blockchain development are well suited to building complex projects. Augmented with skills in cryptocurrency investment, the team has a good starting point from which to build a successful blockchain-based solution that will disrupt the VR industry, and revolutionise beyond reality.

To learn more about ImmVRse, visit their Website: https://immvr.se/

Read the Whitepaper: https://immvr.se/whitepaper/

Meet the Team: https://immvr.se/team/

Visit the thread on Bitcointalk: https://bitcointalk.org/index.php?topic=2816197

U.S. Treasury Secretary Steven Mnuchin has indicated he is planning to raise the subject of cryptocurrency regulation during an upcoming G20 summit.

A lot of changes are coming to the world of technology. More specifically, the way in which we interact with devices will see some interesting changes which may or may not become the new norm. In the case of Samsung, the company has announced it will introduce foldable OLED smartphones later this year. This is a project which has been rumored for quite some time now, but it will be the first time such products have been commercialized.

Foldable OLED Smartphones are Coming

Over the past few years, there have been various rumors regarding the development of foldable smartphones. Although this is still a very niche product, it seems that manufacturers and consumers alike see some merit in it. Having a smartphone screen which can fold back on its own is one thing, but having an entire smartphone capable of doing the same is something else entirely.

More specifically, the goal is to put all of the electronics contained in a smartphone into a foldable OLED screen. It is still unclear how Samsung – or anyone else – will be able to perform such a feat. After all, we are already dealing with the thinnest generation of smartphones in human history, and bringing their size down even further and allowing everything to bend would be a whole new development. Another approach would be to place all of the hardware in a dock to which the foldable screen itself would connect.

Considering that Samsung held some closed-door meetings at CES 2018, it is logical to assume the manufacturer has a working product in place already. The new product is said to be known as the Samsung Galaxy X. Since no specific details were shared after these meetings took place, it remains to be seen how things will evolve. There is a lot of speculation taking place, which is only to be expected.

One rumor currently making the rounds involves the Galaxy X being a hybrid smartphone and tablet. The display itself could fold out or fold in, depending on which of the two modes one wants to use. Again, nothing is official at the present time. Samsung only confirmed that its new product would launch at some point in 2018, but declined to issue any further specifics. Rest assured there will be plenty of interest in the upcoming foldable OLED smartphone.

All of this further indicates that we will see some major changes in the world of gadgets moving forward. Foldable displays are just one of the logical evolutionary steps in this industry. Whether or not consumers will find these new products all that appealing has yet to be determined. That will mainly hinge on how much money Samsung chooses to charge for its foldable OLED smartphone. As is usually the case with new technology, the price will probably be on the high end of the spectrum.

Charlie Lee, founder of Litecoin, spoke to CT at Blockchain Connect last week about the recent Coincheck hack, crypto adoption, and keeping perspective in crypto’s volatile markets. #INTERVIEW

The cryptocurrency markets are a sea of red today, with all the top 10 cryptocurrencies by market cap reporting double-digit percentage losses for the last 24 hours (at press time). Bitcoin (BTC) has dropped 16 percent over the same period to 10-week lows below $8,000, and is heading towards its worst weekly loss (more than […]

In Davos, Switzerland, an institution has been formed to oversee and establish the best practices regarding asset tokenization and and asset-backed tokens, formally known as the International Digiital Asset Exchange Council (IDAXC). Whether this means helping others to find a more standardized way of tokenizing assets or how to best comply with the law – IDAXC is now the place to look towards for guidance.

Disclosure: This is a Sponsored Article

The launch of the council was made at Blockchain Central, a hub centering around blockchain tech, organized by the Global Business Council. The launch means that everyday peoples have an organization to go to quickly tokenize any asset they hold and subsequently trade while complying with any relevant laws including know your customer (KYC) and anti-money laundering (AML) standards.

Officially, IDAXC was created as a not-for-profit and mandated to promote industry adoption; asset-tokenisation standards; and best regulatory practices in both asset-digitization, and asset-exchange, globally.

Eric Van Der Kleij, the institution’s founding chair, is already a known figure in Fintech circles around the world. His reputation comes from the fact that he was the creator of level 39 fintech hub in London as well as from being the former CEO of the country’s Tech City Initiative. His resume is further improved by the fact that he was also heavily involved in the creation of the UK fintech trade body, Innovate Finance. The current company he’s leading is called the Centre for Digital Revolution and will become a founding member of IDAXC  — lead by Eric, they help to spearhead the council’s vision and aim.

Some Familiar Names Join the Council

The founding of IDAXC will include some other names, such as ACChain, Courage Investment Group, and Ink Blockchain Co.Ltd.  ACChain in particular is a project that is certainly well-suited to join IDAXC as it itself is hoping to become an accepted decentralized standard by which people will settle cryptocurrency with. In addition, it hoping to allow people to trade crypto for assets and vice versa through their blockchain-based platform.

Eric Van der Kleij believes that while cryptocurrencies have grown exponentially in recent months — now with over a $500 billion market cap — he thinks that, with the right conditions, the growth potential could be much larger. By tokenizing or digitizing real assets, fostered through consensually agreed upon standards that exist on a world-wide scale, they think financial service players and regulators will start playing ball with crypto startups and finally involve themselves in cryptocurrency markets.

About IDAXC

IDAXC is the international, not-for-profit industry body being established to drive common best-practice across real-asset digitization and related token exchanges. They will be working with all participants of the ecosystem to create voluntary standards that represent best-practice relating to the issuing, trading and exchange of real digital assets.  

The council provides its members with training on a wide variety of disciplines within the digital assets community including AML, KYC, token-issuing, and asset tokenisation – thus better preparing them for the demands and aspirations of their respective markets.

Visit the Official Website: idaxc.org