Day: February 7, 2018

Cryptocurrencies are trading in the green today after a tumultuous week, with bitcoin having leapt 20 percent in 24 hours.

South Korean cryptocurrency exchange Coinpia suspends deposits and trading after new KYC requirements come into effect “[i]n the absence of a clear solution”. #NEWS

Ethereum’s developers are once again grappling with the issue of how to solve major fund losses on the world’s second-largest blockchain.

DJ Gareth Emery thinks the way musicians get paid royalties from online music sites is mired in outdated technology and wants to use Blockchain to get artists what they deserve.

Streaming services need an upgrade

According to Emery music streaming sites like Spotify and Itunes domination of online distribution suck up an undue amount of revenue, have too much influence on which artists flourish, and who never gets to be known.

“Careers can get made or broken by being in those playlists,”

So he launched Choon in a bid to right those wrongs and bring accounting transparency and fair financial distribution to an industry that has continually put the artist last.

Emery’s solution is two-fold, firstly Choon’s playlist selections will be human free. Depending instead on an algorithm to build playlists in order to eliminate bias and cronyism at the basic level.

Second is to update the process of assigning and paying royalties to artists based on how frequently their music is streamed and that is where Blockchain comes in.

Choon’s goal is to simplify the accounting process to the point where artists can easily track how often their music is played, what their royalties are and even get paid on a daily basis if they want.

“(the) way of doing royalties and accounting was basically designed in the days of jukeboxes and sheet music and has been grandfathered in across every new innovation”

The open nature of the Blockchain based system created to power Choon is such that the DJ says he would be happy to have others build from it, even Spotify if they want. Thanks to the transparency of the system Choon will pay 80% of its revenue back to artists as royalties. The potentially bad news is that the 80% royalties are artists will receive are going to be paid out in Notes.

Good royalties, bad Notes?

Not surprisingly a company built on the back of Blockchain plans to pay artists in its own Ethereum based cryptocurrency called Notes.

The streaming service plans on launching Notes as an ICO after which it will become freely tradable. Emery understands that a lot of artists may be deterred by being paid in an unproven cryptocurrency at a time when the market is going through some volatile adjustments.

It’s no surprise that the service will launch more on the level of SoundCloud than Spotify with about 400 artists who own their music. To this Emery says he’s not interested in attracting the stars of today, he wants the hit-makers of tomorrow.

The post Blockchain Streaming may Revolutionize Online Music Sales appeared first on NewsBTC.

BnkToTheFuture, a global financial technology investment platform has sold more than USD 30 million in its token pre-sale. Following this success, the public token sale is starting from February 6th, 2018, where the company has set a minimum purchase threshold of USD 1,000 and a hard cap of USD 3 million.

The General Idea about BnkToTheFuture

The goal of BnkToTheFuture is to provide its investors with an opportunity to trade equity in the most valuable companies in Bitcoin, Blockchain and Fintech. Previous investments of BnkToTheFuture include companies like BitFinex, BitStamp, Kraken, ShapeShift, BitPay and over 100 others. The platform now aims to launch a compliance-driven, blockchain based trading market for securities tokens.

BnkToTheFuture is offering its “BFT” tokens to token sale participants. These tokens provide users with access to new parts of the platform and let qualifying investors access priority deals. This new section of the platform rewards users for participating in a more community-based due diligence and investor relations process.

The BF Token (BFT), aims to be a membership and rewards token to make a fairer, more efficient and transparent marketplace on BnkToTheFuture.com. The company aims to support the growth of companies and technologies involved in the future of finance in a more decentralized, yet compliance-driven way.

The Current Status

BnkToTheFuture is an online global investment platform where users can invest in FinTech and Blockchain companies and Token Sales meeting the criteria of a due diligence and compliance review process. More than 50,000 professional and accredited investors are using the platform who have collectively invested more than USD 270 million in more than 100 of mainstream projects, including Kraken, Bitfinex, Bitstamp and Shapeshift.

Simon Dixon, the founder and the CEO of BnkToTheFuture, states:

“The ICO boom proved that there is a huge appetite to allocate funds to blockchain technology when a liquid secondary market exists. If they had the choice, I think most would have preferred to trade shares in the company rather than tokens with no shareholder rights. With the current regulatory landscape, we feel the time is right to bring ICO style trading and liquidity to the private equity markets all through a compliance-driven platform.”

BnkToTheFuture is a registered securities business with the ownership stakes in other licensed companies including a U.S. broker-dealer and an SEC-registered Alternative Trading System (ATS) amongst others. To know more about the platform and participate in its upcoming token sale, please visit https://bnktothefuture.com/icos

The post BnkToTheFuture Completes $30M presale to Launch Security Tokens Market in 2018 appeared first on NewsBTC.

One of the main drawbacks to trading cryptocurrencies is the level technical competence required. Buying Bitcoin or Ethereum using fiat then moving it to an exchange while waiting for the transaction to be mined can be a daunting experience the first time. Get one digit wrong in that wallet address and your crypto will literally disappear into the ether.

It just so happens that there is an easier path to trading than this. eToro gives traders an easy path which doesn’t require the installation of specific software or wallets. Everything can be done from eToro’s online platform making the whole process far less intimidating for those new to cryptocurrency trading.

The multi-asset brokerage which was founded in 2008 has entered into the world of cryptocurrencies for a number of reasons. Blockchain based digital currencies are securely encrypted offering fraud prevention and are accessible all across the world. News about Bitcoin bans has been largely misreported, trading is still openly accessible to many countries including India, South Korea, Japan and most of Northern Europe. The North and South American continents also enjoy the freedom to trade in virtual currencies.

Even with the current market correction the total market capacity of cryptocurrency is still up over a thousand percent on the same period last year. Very few other assets have seen such growth which is why they make a good alternative to traditional vehicles such as stocks or commodities.

eToro is unique in that it is a pioneer in the field of social trading, this is allowing users to follow and copy the trades of more experienced and proven investors. The crypto sphere is affected by what happens on social media, Facebook, Reddit and Twitter feeds can be highly influential to an altcoin’s price and potential. The experience of other traders is invaluable in navigating this embryonic and rapidly changing market and eToro facilitates the sharing of that experience.

Additionally the newly released CopyFunds, is a means for users to invest in balanced portfolios created by the firm’s investment committee. Other features of the platform include instant trade execution which avoids delays and price fluctuations. Unlike other crypto exchanges there are unlimited daily withdrawal amounts on eToro, giving you complete control of your funds as and when you need them.

The company has a proven track record with over ten years offering online security brokerage services, forex trading, commodities, indices, CFD stocks, and now cryptocurrency.

The post Crypto Trading Made Easier with eToro appeared first on NewsBTC.

Key Highlights

• ADA price traded further lower and formed a low at $0.2615 before starting a recovery against the US Dollar (tethered).
• There was a break above a key bearish trend line with resistance at $0.3300 on the hourly chart of ADA/USD (data feed via Bittrex).
• The pair is currently struggling to move above the $0.3700 level, but there are a few positive signs.

Cardano price has recovery well during the past few sessions against the US Dollar and Bitcoin. ADA/USD now has to move above $0.4000 to gain upside momentum.

Cardano Price Recovery

There were further slides in ADA price below the $0.4000 level against the US Dollar. The price traded below the $0.3000 and $0.2800 support levels to move towards $0.2500. A low was formed at $0.2615 from where it started an upside recovery. It was successful in moving above the 23.6% Fib retracement level of the last drop from the $0.5185 high to $0.2615 low.

During the upside move, there was a break above a key bearish trend line with resistance at $0.3300 on the hourly chart of ADA/USD. The pair even moved above the $0.3500 resistance level, but it failed to gain momentum. It traded close to the 50% Fib retracement level of the last drop from the $0.5185 high to $0.2615 low, but failed. It seems like the $0.3800 and $0.3900 levels are important resistances. At the moment, the price is moving lower and is testing the $0.3200-0.3300 support area.

To gain further upside momentum, the price has to move above the $0.4000 level. The next major resistance above $0.4000 is at $0.5000. On the downside, if the price fails to hold the $0.3200 support, there is a risk of further slides below the $0.3000 level.

Hourly MACD – The MACD for ADA/USD has reduced most of its bullish slope.

Hourly RSI – The RSI for ADA/USD is just around the 50 level.

Major Support Level – $0.3200

Major Resistance Level – $0.4000

Charts courtesy – Cryptowat, Bittrex

The post Cardano Price Technical Analysis – ADA/USD Showing Positive Signs appeared first on NewsBTC.