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California Largest State to Recognize Blockchain Records

California millennial Assemblyperson recently pushed a bill to recognize digital signatures and contracts recorded on the blockchain, making California one of several US States using or considering implementing the technology. Millennial Assemblyperson Pushes Bill Assemblymember Ian Calderon (D-Cal), who was elected to the state assembly at the age of 27 as the first ‘millennial’ assembly person, launched California … Continue reading California Largest State to Recognize Blockchain Records

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California millennial Assemblyperson recently pushed a bill to recognize digital signatures and contracts recorded on the blockchain, making California one of several US States using or considering implementing the technology.

Millennial Assemblyperson Pushes Bill

Assemblymember Ian Calderon (D-Cal), who was elected to the state assembly at the age of 27 as the first ‘millennial’ assembly person, launched California assembly bill 2568 which would update existing laws to include blockchain technology for electronic signatures and contracts.

If the bill passes it would make California one of only a few states so far recognizing such technology but establish a precedent due to its size and economic importance.

California, as the most populous state in the US with 39 million citizens, commands a $2.3 trillion economy which reviles that of the entire UK would be a huge testing ground for blockchain implementation.

The new bill, which builds on the existing law dubbed the Uniform Electronic Transactions Act, paves the way for an electronic record or signature secured by the blockchain to be deemed legal and enforceable. Key revisions in the latest version include –

  • the definition of “electronic” record and “electronic signature” would be expanded to encompass those secured via the blockchain
  • the legal definition of “contract” would be expanded to encompass a smart contract
  • data ownership/use would extend to someone performing interstate or foreign commerce on the blockchain in California “with respect to that information as before the person secured the information using blockchain technology,”

California Will be Important Stepping Stone

Other states such as neighboring Arizona, Wyoming and Tenessee have already passed similar bills but to make this happen in California would induce other states with similar size and economies like New York and Texas take the same steps into consideration.

Assemblyman Calderon is one of a few young tech-savvy politicians proposing changes to antiquated systems throughout the US. Jim Powell (Rep-) from Tenessee is representing a very similar bill in his state that by all indications will pass the next session.

If states like California continue to progress on using technology like Blockchain to record signatures, contracts and possibly immigration information the influence could be felt all the way to the top of the federal government.

Another budding California politician dubbed the ‘Crypto Kid’ Brian Forde was quoted when asked about aging politicians reaction to new technology.

“We’ve got all these emerging technologies that are going to have a big impact on our economy and our lives,” he says, “yet we don’t have the folks in Congress who understand that.”

A federal blockchain ledger system for everything from voting status, to taxation to immigration progress in a country like the US where so much information is lost or misaligned from state to state, should be inevitable.

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Ripple Price Technical Analysis – XRP/USD Tumbles Further

Key Highlights Ripple price could not hold the $0.9000 support and moved below the $0.8400 level against the US dollar. There is a key bearish trend line forming with resistance at $0.8700 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is trading around the $0.8400 level and is currently … Continue reading Ripple Price Technical Analysis – XRP/USD Tumbles Further

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Key Highlights

  • Ripple price could not hold the $0.9000 support and moved below the $0.8400 level against the US dollar.
  • There is a key bearish trend line forming with resistance at $0.8700 on the hourly chart of the XRP/USD pair (data source from SimpleFx).
  • The pair is trading around the $0.8400 level and is currently trading with a bearish bias.

Ripple price failed to move higher and declined against the US Dollar and Bitcoin. XRP/USD may correct a few points higher, but it could face resistance near $0.9000.

Ripple Price Upside Hurdle

There was an extension to yesterday’s decline in Ripple price from the $0.8800 swing high against the US Dollar. The price failed to hold the $0.9000 and $0.8400 support levels and declined further. An intraday low was formed at $0.8015 before price started a minor upside correction. It is currently trading above the 23.6% Fib retracement level of the last decline from the $0.9483 high to $0.8015 low.

However, there are many hurdles on the upside below the $0.9000 level. There is also a key bearish trend line forming with resistance at $0.8700 on the hourly chart of the XRP/USD pair. At the moment, the price is testing the 38.2% Fib retracement level of the last decline from the $0.9483 high to $0.8015 low. There is a chance of it moving further higher towards the $0.8700 or $0.8800 levels, but an upside break won’t be easy. Moreover, the 50% Fib retracement level of the last decline from the $0.9483 high to $0.8015 low is at $0.8749 to act as a resistance.

Ripple Price Technical Analysis XRP USD

On the downside, the $0.8100 and $0.8000 levels are decent supports. As long as the price is above the $0.8000 handle, it could make an attempt to recover above $0.9000.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slowly reducing its bearish slope.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently moving higher towards the 50 level.

Major Support Level – $0.8000

Major Resistance Level – $0.9000

 

Charts courtesy – SimpleFX

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Moscow Looks to Blockchain for Fair Elections

The city of Moscow is looking to evolve their Active Citizen polling network to log votes in upcoming elections. Thus making the election process transparent to all and tamper-free. Active Citizens Decide for Themselves As the white house continues to deny any allegations of collusion with Russian hackers and the FBI doggedly turns over more … Continue reading Moscow Looks to Blockchain for Fair Elections

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The city of Moscow is looking to evolve their Active Citizen polling network to log votes in upcoming elections. Thus making the election process transparent to all and tamper-free.

Active Citizens Decide for Themselves

As the white house continues to deny any allegations of collusion with Russian hackers and the FBI doggedly turns over more and more evidence of Russia’s influence on the 2016 elections the city of Moscow is making moves to make sure it can’t happen there.

Since 2014 the Russian city has had a program in place called Active Citizen. This program allows citizens to vote on big projects in order to eliminate corruption. So far citizens have cast their votes on the seat colors at the new Luzhinki stadium, whether or not to participate in a major housing renovation program and the official badges that doctors will wear in all the cities hospitals.

Blockchain Tech Can Help to Ensure Fair Election Polling

In 2017 the Active Citizen program was moved on to a Blockchain network where ideally the data can never be deleted or changed and the system cannot be hacked. Today it has added a private version of the Ethereum network to the existing architecture with a view towards implementing this into the city’s voting process.

In this way, city officials hope to soothe citizen’s fears of vote manipulation while showing the world’s governments that free and fair elections can be had in Russia.

“Of course, sometimes we hear that not all the votes are trusted,” said Andrey Belozerov, the strategy and innovations advisor to the city’s CIO;

“So, we decided to use a blockchain for the Active Citizen project, as a platform of electronic trust. The idea is to put all the votes to the blockchain to make it open so everybody can connect to our blockchain network, and to check the voting process, and so on and so-forth.”

Using blockchain technology to ensure that every vote is uniquely logged and that the process is absolutely transparent is a long way from the antiquated voting process still used in the United States.

Citizens of the US still vote using a system developed in the 19th century to make collecting and counting votes over the massive country feasible. Rules and regulations vary from state to state and in some case still rely on hundred-year-old machines.

As future elections will undoubtedly be influenced and tampered with by hackers both inside and out of the country a decentralized blockchain voting system not only makes sense but seems essential to maintaining a democracy in the digital era.

At the moment the Active Citizen system in Moscow has recorded 88 million votes on over 2,700 projects. With the implementation of blockchain for their next elections, there can be no dispute over results. The only hurdle left for fair and transparent election process will be resistance from government officials, not only in Moscow and the US but all over the world.

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NewsBTC 2018-02-22 21:42:13

Bears all over guys and so far, all altcoin gains from last week’s bullish run has been reversed. LTC, EOS, NEO, Lumens and even DASH are on a down trend testing last week’s lows. Let’s have a look at these charts: XLM/USD So far, Lumens sellers are trending right at last week’s lows and that’s … Continue reading

The post appeared first on NewsBTC.

Bears all over guys and so far, all altcoin gains from last week’s bullish run has been reversed. LTC, EOS, NEO, Lumens and even DASH are on a down trend testing last week’s lows.

Let’s have a look at these charts:

XLM/USD

Lumens Technical Analysis
XLM/USD Daily Chart for February 23, 2018

So far, Lumens sellers are trending right at last week’s lows and that’s a 100% retracement as far as price action is concerned.

Now, the thing is this week has been largely bearish-we can see that and track from what has been happening over the past couple of days.

If we zoom into the 4HR chart we notice that bear momentum is waning as candlestick are beginning to print away from the lower BB with stochastics at over sold territory.

This doesn’t mean much and isn’t our basis for going long or short but should be hinting especially now that we are looking for buy signal.

If any bullish engulfing candlestick prints and drive prices above $0.38, then I recommend longs if not and prices close below $0.30 today, then we better look for sell opportunities because that will be a bear break out below this ascending wedge.

DASH/USD

DASH/USD Technical Analysis
DASH/USD Daily Chart for February 23, 2018

Like the Lumens, DASH is on a down trend and if we view price developments in the 4HR chart then we notice that sellers are actually stepping on gas as they band along the lower BB.

In the daily chart however, we are at a cross road and wont recommend buy or sell unless there is a definitive follow through of yesterday’s bear pressure.

Remember, from previous analysis the middle BB and price around $620 remains a key price tag since it is right at previous bullish break out point and we are yet to know if this will turn out to be a retest or bear resumption despite last week’s bullish pressure.

In my view, buyers need prices to pick up and if there is a close above $620, then that would be a double bar reversal pattern or a retest right at the middle BB.

EOS/USD

EOS/USD Technical Analysis
EOS/USD Daily Chart for February 23, 2018

Because of yesterday’s bear confirmation, we remain neutral for the time being until we see what happens to EOS value at around $6 and $7.

Those are 2018 lows and should definitely influence prices in the short term.

The middle BB will continue being our first layer of resistance with $9.5 being our bull trigger assuming there is a strong reaction at $7 in the coming sessions.

LTC/USD

LTC/USD Technical Analysis
LTC/USD Daily Chart for February 23, 2018

From the chart, sellers are definitely in charge and as long as yesterday’s LTC bear pressure continue, then chances of the middle BB and $160 being hit is high.

Our strategy is on course and what remains today is if there will be a reaction at $180. If prices slow down and any bullish engulfing candlestick prints anywhere around support in the 4HR chart, then bulls can buy and spread out their entries.

Otherwise any surge past $160 will invalidate our initial bullish break out strategy.

NEO/USD

NEO/USD Technical Analysis
NEO/USD Daily Chart for February 23, 2018

Guys, all we can say is NEO is continuing with the shed. So far, $10 is off from yesterday’s lows and as long as bears continue with the swing, then chances are they shall test the break out line at $100  before a possible trend resumption happens.

All charts courtesy of Trading View

The post appeared first on NewsBTC.

NY lawmakers to review regulations on Bitcoin – Sacramento Bee

Sacramento BeeNY lawmakers to review regulations on BitcoinSacramento BeeNew York state lawmakers say they want to know whether current regulations relating to cryptocurrencies like Bitcoin are up to the task of protecting consumers. Democratic Sens. D…


Sacramento Bee

NY lawmakers to review regulations on Bitcoin
Sacramento Bee
New York state lawmakers say they want to know whether current regulations relating to cryptocurrencies like Bitcoin are up to the task of protecting consumers. Democratic Sens. David Carlucci, of Rockland County, and Jesse Hamilton, of Brooklyn, have ...

and more »

Five reasons 2018 could be the best year yet for cryptocurrencies – CNBC


CNBC

Five reasons 2018 could be the best year yet for cryptocurrencies
CNBC
Bitcoin (BTC) is the most important cryptocurrency. Most government-backed money that goes in and out of crypto goes through bitcoin, so what happens to the original cryptocurrency affects the entire market. The token’s market dominance stood at about
These Cryptocurrencies May Beat Bitcoin in the Coming MonthsFortune
Bitcoin is the topic of many conversations but should you buy into it?wtkr.com
Bitcoin Drops Another 6% — Is This Profit-Taking or Something Worse?Motley Fool

all 37 news articles »


CNBC

Five reasons 2018 could be the best year yet for cryptocurrencies
CNBC
Bitcoin (BTC) is the most important cryptocurrency. Most government-backed money that goes in and out of crypto goes through bitcoin, so what happens to the original cryptocurrency affects the entire market. The token's market dominance stood at about ...
These Cryptocurrencies May Beat Bitcoin in the Coming MonthsFortune
Bitcoin is the topic of many conversations but should you buy into it?wtkr.com
Bitcoin Drops Another 6% -- Is This Profit-Taking or Something Worse?Motley Fool

all 37 news articles »

Asian Altcoin Trading Roundup: Top Cryptocurrency is DigixDAO

The selloff continues as the week ends in crypto land. Asians are leading the way and dropping their digital currencies for the third day in a row. Bitcoin has lost 8% on the day and has dropped back to just over $10k, altcoins as usual have been hit harder and are all in the red … Continue reading Asian Altcoin Trading Roundup: Top Cryptocurrency is DigixDAO

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The selloff continues as the week ends in crypto land. Asians are leading the way and dropping their digital currencies for the third day in a row. Bitcoin has lost 8% on the day and has dropped back to just over $10k, altcoins as usual have been hit harder and are all in the red during this morning’s Asian trading session.

We have to go a long way out of the top 25 to find one that is actually up on the day. The only one in the top slot that is even in the green is Nano which we featured yesterday. Still trading higher on news of the app release, Nano is up 3.8% on the day – every other altcoin has fallen.

The next cryptocurrency that is up is DigixDAO, the gold based crypto that seems to do well when all others are falling. DGD is up 4.2% on the day, trading at $318 at the time of writing and has had a very good week gaining 34% from $235 this time last week. The only major difference with this coin is that it is based on a commodity which is why it seems to weather the storms better when all others are plummeting.

There are only 2 million DGD tokens circulating, most of which are traded on Binance which has almost 90% of the total. Market capacity currently stands at $635 million and it is ranked at number 35. $77.5 million has been traded in DGD over the past 24 hours.

All other altcoins are in the red but ones that have not taken such a hit include Ethereum, Neo, Bitcoin Gold, Rchain, and Maker. There are some bargains out there for those that like to buy the dip however the dip could keep dipping throughout the day.

The post Asian Altcoin Trading Roundup: Top Cryptocurrency is DigixDAO appeared first on NewsBTC.

Report: Mutual Funds Could Save Billions With Blockchain

Shifting to a distributed, blockchain-based infrastructure could bring huge financial benefits to the asset management industry, research indicates.

Shifting to a distributed, blockchain-based infrastructure could bring huge financial benefits to the asset management industry, research indicates.

Ethereum Price Technical Analysis – ETH/USD Decline Looks Real

Key Highlights ETH price faced a lot of selling pressure recently and declined below $810 against the US Dollar. Yesterday’s highlighted major bearish trend line with current resistance at $820 is intact on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may correct a few points in the short term, but it … Continue reading Ethereum Price Technical Analysis – ETH/USD Decline Looks Real

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Key Highlights

  • ETH price faced a lot of selling pressure recently and declined below $810 against the US Dollar.
  • Yesterday’s highlighted major bearish trend line with current resistance at $820 is intact on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair may correct a few points in the short term, but it remains in a downtrend below $840.

Ethereum price extended losses against the US Dollar and Bitcoin. ETH/USD declined as low as $776 and it is currently correcting higher toward barriers.

Ethereum Price Resistance

There was no major upside move in ETH price above the $860 level against the US Dollar. The price struggled to correct higher and it started a downside move below the $840 level. It declined and broke a couple of support levels such as $810 and $800. It traded as low as $776 from where a minor upside correction was initiated. However, the price may face many barriers on the upside on the way to $810.

It has moved above the 23.6% Fib retracement level of the last decline from the $858 high to $776 low. However, there is a major resistance near $810-820. More importantly, yesterday’s highlighted major bearish trend line with current resistance at $820 is intact on the hourly chart of ETH/USD. The trend line resistance is close to the 50% Fib retracement level of the last decline from the $858 high to $776 low. Therefore, if the price corrects further from the current levels, it could face sellers near the $820 and $825 levels. Above $825, the next major barrier for buyers is at $840.

Ethereum Price Technical Analysis ETH USD

On the downside, the recent low at $776 is a key intraday support. If the price fails to stay above $776, then it could accelerate declines towards the $750 level.

Hourly MACD – The MACD is gaining pace in the bearish zone.

Hourly RSI – The RSI is correcting higher, but with no major bullish sign.

Major Support Level – $776

Major Resistance Level – $825

 

Charts courtesy – SimpleFX

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Bitcoin Cash Price Technical Analysis – BCH/USD Breaks $1,200

Key Points Bitcoin cash price did not correct higher and declined below the $1,200 support against the US Dollar. There are two bearish trend lines forming with resistance at $1,250 and $1,280 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may decline more in the near term and it could even … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Breaks $1,200

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Key Points

  • Bitcoin cash price did not correct higher and declined below the $1,200 support against the US Dollar.
  • There are two bearish trend lines forming with resistance at $1,250 and $1,280 on the hourly chart of BCH/USD (data feed from SimpleFX).
  • The pair may decline more in the near term and it could even break the $1,100 support level.

Bitcoin cash price declined further below $1,200 against the US Dollar. BCH/USD looks set to extend the current decline towards or below $1,100.

Bitcoin Cash Price Resistance

There was no stopping sellers as bitcoin cash price failed to correction above the $1,300 level against the US Dollar. The price declined and broke yesterday’s low to trade below the $1,200 level. It opened the doors for more losses and the price traded towards $1,150. A low was formed at $1,134 and it seems like the price is struggling to correct higher in the short term.

On the upside, the price is facing resistance near the 23.6% Fib retracement level of the last drop from the $1,325 high to $1,134 low. There are many resistances on the upside below the $1,300 level. More importantly, there are two bearish trend lines forming with resistance at $1,250 and $1,280 on the hourly chart of BCH/USD. The first bearish trend line is close to the 50% Fib retracement level of the last drop from the $1,325 high to $1,134 low. Therefore, a break above the $1,250 and $1,260 levels won’t be easy. Above $1,260, the second trend line at $1,280 is the next hurdle.

Bitcoin Cash Price Technical Analysis BCH USD

On the downside, the recent low of $1,134 is a short-term support. If the price breaks the stated level, it could test the $1,100 level.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is placed nicely in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently near the oversold levels.

Major Support Level – $1,100

Major Resistance Level – $1,250

 

Charts courtesy – SimpleFX

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Hamster Marketplace Presents First Blockchain Platform to Sell Innovative Electronics

February 19 marked the launch of the ICO for Hamster Marketplace, the first decentralized retail platform offering gadgets and niche electronics. The project was created to directly connect small manufacturers of exclusive electronics with their target audience and to solve the central problems of retail: excess middlemen, high markups, and limited choices. The dominance of major networks has led to a dissonance in online retail. The lion’s share of the market is currently concentrated in the hands of the giant retailers, who offer buyers a limited array of products. Individual manufacturers have no chance of breaking out onto the major

February 19 marked the launch of the ICO for Hamster Marketplace, the first decentralized retail platform offering gadgets and niche electronics. The project was created to directly connect small manufacturers of exclusive electronics with their target audience and to solve the central problems of retail: excess middlemen, high markups, and limited choices.

The dominance of major networks has led to a dissonance in online retail. The lion’s share of the market is currently concentrated in the hands of the giant retailers, who offer buyers a limited array of products. Individual manufacturers have no chance of breaking out onto the major sales platforms: it’s hard for them to compete with large suppliers and look-alike cheap products, and buyers are, in effect, deprived of choices.

Hamster Marketplace will help all talented manufacturers show off their products to an audience of a million strong that can appropriately value their inventions. Buyers will be able to find goods not available on other platforms and buy them at the manufacturers’ price. The retail platform will be managed by the vendors themselves, which will significantly decrease costs. What we will have here is a new open market free of middlemen and low-quality copycats.

“Many promising and ambitious electronics projects get stuck on the same step, the one that requires scaling business and production,” says CEO Denis Bulavin. “In a way, the developers find themselves “between Kickstarter and Amazon”: they can conduct a wildly successful crowdfunding campaign, distribute the first batch, and still not find a permanent path to their buyers. Hamster Marketplace gives each manufacturer the opportunity to present their products to a target audience of a million. Benefits go to both the manufacturer and the buyer, who now owns a unique and useful item.”

The tech presented on the platform can be purchased for fiat currency, cryptocurrency, and HMT tokens. The project tokens offer several advantages: they provide a discount when purchasing, make it possible to sell without incurring the platform commission, give access to additional features, and much more. In addition, the number of HMT tokens is limited, which will maintain their value. The project team has also addressed the possibility that early token buyers or bounty hunters could sell them off in massive numbers on the exchange and thereby send the value off a cliff. Tokens distributed to the founders and team members will be frozen for up to 9 months. And for those who participate in the bounty program, an alternative bonus payout method has been devised: instead of tokens they can receive fiat currency (at an exchange rate of 1 HMT = $2).

The project is being developed by a professional team with a lot of experience in retail, IT, finance, and marketing. Experts with experience at top positions with Amazon and eBay are involved in the project. The Hamster Marketplace founder is entrepreneur Denis Bulavin, an electronics manufacturer and founder of a company that builds tablets and robots.

The token sale will last until March 19. In all, 10 million tokens, created under the Ethereum ERC20 standard, will be issued in this issuance. The project will distribute tokens as follows: 70% of the tokens are reserved for the crowdsale, 27.5% are reserved for rewarding the team, founders, advisors, and early buyers, and 2.5% will go to the bounty program. Coins not sold during the token sale will be destroyed after the ICO concludes, and no additional issuance is planned. The limited, constantly shrinking number of coins in circulation is one of the factors maintaining liquidity in HMT tokens.

The price of one token is $2. Coins can be bought during the ICO or on the secondary market after the token sale ends. Tokens may be purchased with Bitcoin, Ethereum, and several other common cryptocurrencies: BitcoinCash, EthereumClassic, Litecoin, Ripple, Dash, Monero, Emercoin, Waves, and many others. The minimum purchase is just $10. Investors who have undergone verification will also be able to send and receive tokens with their hmstr.io and Ethereum wallets. The funds raised will be put toward launching and developing the Hamster Marketplace platform, as well as gathering a large community of vendors and buyers.

To read the White Paper, view the project roadmap, or buy tokens, you can visit the Hamster Marketplace website.

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.

For the First Time Vestarin Project Presented Screenshots of its Desktop Application

Vestarin project, developing the multifunctional platform for integration of cryptocurrencies into business, presented the application for iOS-based gadgets. Meanwhile new options of design for the desktop version which hasn’t been presented yet appeared on the Internet. Simultaneously, developers have presented the application in App Store. As known, the main marketing trends of 2018 are the audience attraction through mobile devices and, at the same time, reduction in the share of desktop applications. The world is becoming more mobile, which is reflected in market conditions. Despite the trends, the developers of Vestarin clearly did not want to lose the users of

Vestarin project, developing the multifunctional platform for integration of cryptocurrencies into business, presented the application for iOS-based gadgets. Meanwhile new options of design for the desktop version which hasn’t been presented yet appeared on the Internet.

Simultaneously, developers have presented the application in App Store.

As known, the main marketing trends of 2018 are the audience attraction through mobile devices and, at the same time, reduction in the share of desktop applications. The world is becoming more mobile, which is reflected in market conditions. Despite the trends, the developers of Vestarin clearly did not want to lose the users of PCs and laptops, which are still numerous in the CIS and Asia.

Additionally, desktop versions are in demand in the environment of small and medium-sized businesses, because they allow more fine-tuning of accounts and sales. So, it’s no wonder that Vestarin decided to work for the widest possible audience, not just for the youth.

Based on the screenshots it is clear that the desktop version will use the same “branded” black-and-orange color scheme. But much more interesting is that  the functional resembles the usual online store: the display of goods in the form of a tile with filters at a price, geographical location, etc. All as always, nothing complicated. But all of it will be available in a cryptocurrency, which has not been proposed at the high level yet – then the niche is unoccupied.

As a reminder, demo version of the application for Android-based mobile devices has already been launched earlier. Both versions: for iOS, and for Android are available for download.

It is noteworthy that applications are available at an early stage of tokensale, while many millionaire start-ups that completed the ICO a year ago have not yet begun to develop. Obviously, it was the availability of ready-made developments at the early stage that allowed our project to collect soft-cap in a short time – in just 5 days.

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.

Introducing the Adblurb ICO, a Revolutionary New Concept that Changes the Future of Advertising

Manchester, U.K. – Adblurb is pleased to announce the imminent launch of a network that will change traditional marketing methods and revolutionize the advertising industry as it stands today. The system is based on Adblurb’s crypto currency, which will be used for electronically connected advertising transactions all over the world and provide benefits for advertisers and consumers alike. Advertising serves a critical purpose by enabling businesses to compete with each other and get the attention of potential customers. Billions of dollars are put into advertising every year. But as all businesses know, the costs are enormous, and the results often

Manchester, U.K. – Adblurb is pleased to announce the imminent launch of a network that will change traditional marketing methods and revolutionize the advertising industry as it stands today. The system is based on Adblurb’s crypto currency, which will be used for electronically connected advertising transactions all over the world and provide benefits for advertisers and consumers alike.

Advertising serves a critical purpose by enabling businesses to compete with each other and get the attention of potential customers. Billions of dollars are put into advertising every year. But as all businesses know, the costs are enormous, and the results often disappointing.  And part of the problem is that although the world has changed a great deal over the past few decades, advertising methods have more or less remained stuck in the past.

“Current advertising methods are inadequate in so many ways,” says Adblurb founder and CEO Luc Brunelle. “The fees are astronomical, there’s no security, no transparency, and the system is fraught with scams and frauds. Adblurb is going to provide solutions to all these problems and more. We’re so proud of what we’ve accomplished here!”

According to Brunelle, the system will have the advantages of being easy to use, with low network fees, and unique methods that allow advertisers to reach their targeted audiences. Adblurb will offer a fully decentralized environment that’s transparent, secure and open to everyone. The platform will also guarantee real traffic with no bots, and the provision of detailed campaign records.  

The network will use its own crypto currency, called the Adblurb coin, which will be used to purchase goods and services from other users. Impressions and clicks will be exchanged for Adblurb currency. And the Adblurb smart-contract will make the system fast and easy to navigate, as it in effect provides a friendly gateway between advertiser and publisher.

“Adblurb is unique not because of its decentralized nature, many other projects also have the same goal.  But they won’t be here for long for many reasons, such as lack of systematic management,” adds Brunelle.

“Adblurb is not simply an Ad marketplace, but also solves many problems for the Crowdfunding and Ecommerce industries. Adblurb is for people who just want to be part of Adblurb without being advertisers or publishers. For them, the Adblurb Microtask feature is available, and that is why Adblurb is going to be very famous.”

Adblurb will particularly benefit advertisers, affiliates and affiliate networks.

Benefits to Advertisers

With the current system, merchants are required to pay a middleman for their advertising needs. This means that they are required to pay an average of 55% more, just for the privilege of using a middleman. Adblurb doesn’t use middlemen, so merchants will be able to count on a system that’s far more cost-effective.

Another advantage is that the Adblurb network is decentralized, allowing merchants to be able to trust the affiliates and the affiliate networks they work with. The use of blockchain technology means that fraud is practically impossible.

Adblurb is likely to become particularly popular with small businesses due to cost and ease of use. As Brunelle points out, the system will allow people “to trade and do business with trust in a trustless world.”

Benefits for Affiliates and Affiliate Networks

Conventional marketing platforms are not affiliate-friendly. Delayed payouts will be a thing of the past with Adblurb. With complete transparency and its own cryptocurrency, Adblurb will guarantee instant payouts whenever needed.

Affiliate networks will appreciate the fact that Adblurb will be free to join and there will be no entry restriction.

The Adblurb Ad Marketplace

In Adblurb, advertisers and publishers work with the smart contract. With the smart contact feature many current marketplace issues will not be part of the Adblurb process. This will make Adblurb very appealing to the advertising industry.

Crowdfunding using Adblurb

The ready-to-deploy smart contract is suitable for different charities to raise or crowdfund for their specialized subject. The crowdfunding solution will be very helpful to perform the process of raising funds for whatever reason. However, strict and versatile verification will be put in place for this option, as demand is getting higher and will only continue to increase.

eCommerce

Adblurb is not only an advertising platform, but also a marketplace where one can buy or sell goods and services. Adblurb will produce different mechanisms and prototype smart contracts to allow users to list one or many products or services that can be seen by everyone in the Adblurb network. These can be purchased with Adblurb Coin or fiat currencies or even with the Adblurb Visa Card.

The Adblurb marketplace will use Escrow, by which buyer and seller can decide whether they want to remain anonymous or want to open their profiles. If someone purchases any goods or services from the Marketplace, the Marketplace will hold the funds from the purchaser in a multi-sign wallet and once the product or service has been performed and provided to the buyer in a predetermined timeframe, then the funds will be allocated to the Seller’s wallet. The buyer can then rate the service and give reviews about the seller, allowing other potential purchasers to make decisions based on that user’s ranking and reviews.

Microtasks

Adblurb is an application for everyone, so anyone can be the advertiser, publisher or affiliate. If a user wants to join the Adblurb network, in order to generate passive income, without being part of an ad campaign or review process, they can simply join the microtasks team, where users get paid for every small job they complete.

Examples of Microtasks are as follows:

  • Adsurfing
  • Any verification job Adblurb requests
  • Surveys and reviews
  • Playing video games
  • Watching videos
  • Writing articles or similar jobs that require a certain skill.

“Adblurb is for everyone, owned by everyone and most importantly loved by everyone. We are inviting everyone to take advantage of the Initial Coin Offering,” says Brunelle. “We’re changing history here – so why not be a part of that?”

For more detailed information, Adblurb’s Whitepaper is available here: https://adblurb.io/docs/Adblurb_whitepaper_en.pdf

The presale begins on March 1st, 2018.  Find out more about the Adblurb project by visiting the website at https://adblurb.io/

Contact name: Luc Brunelle
Email address – [email protected]

Youtube – https://www.youtube.com/watch?v=Etq8uvCzte0

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 Price Technical Analysis for 02/23/2018 – Short-Term Reversal Signal

Bitcoin Price Key Highlights Bitcoin price recently formed a head and shoulders pattern on its 1-hour chart. Price has broken below the neckline to show that a downtrend is underway. The chart pattern spans more than $1,000 in height so the resulting selloff could be of the same size. Bitcoin price broke below a short-term … Continue reading Bitcoin Price Technical Analysis for 02/23/2018 – Short-Term Reversal Signal

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Bitcoin Price Key Highlights

  • Bitcoin price recently formed a head and shoulders pattern on its 1-hour chart.
  • Price has broken below the neckline to show that a downtrend is underway.
  • The chart pattern spans more than $1,000 in height so the resulting selloff could be of the same size.

Bitcoin price broke below a short-term head and shoulders pattern to signal that more losses are in the cards.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA to show that the path of least resistance is to the upside or that the rally could continue. However, the gap between the moving averages has narrowed to show that bearish momentum could kick in.

Stochastic is hovering around oversold levels and could turn higher to show that buyers are ready to get back in. RSI is also in the oversold area, which means that sellers are exhausted.

In that case, a pullback to the broken neckline around $10,250 could happen before selling pressure gains more traction.

Market Factors

The US dollar gave up ground to most of its peers in recent trading sessions as risk appetite picked up. However, bitcoin price failed to benefit from this as profit-taking is being blamed for the recent drop.

Zooming out to the longer-term charts shows that price hit a long-term area of interest at $12,000, which prompted some liquidation orders. This marked the second straight day of declines for bitcoin as positive sentiment over the recent regulatory news appears to be fading.

With that, bitcoin price could need a fresh positive catalyst before resuming its rally. Otherwise, it could revisit the lows closer to the $6,500 level as more and more officials are expressing their doubts about the cryptocurrency.

Apart from that, the SEC charged former cryptocurrency exchange BitFunder and its founder Jon E. Montroll with fraud for running the operation as an “unregistered securities exchange” and allegedly defrauded clients.

The post Bitcoin Price Technical Analysis for 02/23/2018 – Short-Term Reversal Signal appeared first on NewsBTC.