Rememberful Bitcoin News.
Bitcoin’s recent drop below $10,000 has strengthened the bearish indicators on the weekly chart, though a limited corrective rally may lie ahead.
Bitcoin’s recent drop below $10,000 has strengthened the bearish indicators on the weekly chart, though a limited corrective rally may lie ahead.
With the weekend behind us, it appears most cryptocurrency markets will slowly start recovering lost value again. So far, nothing in the top twenty stands out exactly, but further down the list, we see the DigixDAO price ramp up pretty quickly. With a current value of $417.27, the DigixDAO price has reached a new all-time high. DigixDAO Price is Surging Hard It is quite interesting to see how far some of the older cryptocurrency projects have come in the past few months. While most people have seemingly paid little attention to the DigixDAO project, even though it has a lot
With the weekend behind us, it appears most cryptocurrency markets will slowly start recovering lost value again. So far, nothing in the top twenty stands out exactly, but further down the list, we see the DigixDAO price ramp up pretty quickly. With a current value of $417.27, the DigixDAO price has reached a new all-time high.
It is quite interesting to see how far some of the older cryptocurrency projects have come in the past few months. While most people have seemingly paid little attention to the DigixDAO project, even though it has a lot of potential. It now seems the market is slowly waking up to this project’s potential, as the DigixDAO has effectively surged to $417.27 over the past 24 hours. This effectively marks a new all-time high for the DigixDAO price, as the previous record was just above $400.
While it is a bit unclear what is driving this current trend, it shows there is a lot of interest in what the picture has to offer as of right now. Over the past year, we have seen the DigixDAO price rise since $10 all the way to $400 in quick succession. Such spectacular returns are not uncommon in the cryptocurrency world, and it does show there is a valid reason to effectively pay attention to cryptocurrency outside of the top 15 as well.
With the DigixDAO price now rising to over $415, it will be interesting to see what the future will hold for this particular currency. This current 17.99% gain represents a 19.69% gain over Bitcoin, as well as a $16.67% gain over Ethereum. These price surges should not be taken lightly either, as it goes to show there is a lot of profit margin in the altcoin industry as well. Whether or not the DigixDAO price will continue to rise, is a different matter altogether, though.
With just $62.25m in 24-hour trading volume, it has become evident DigixDAO is not the most liquid altcoin market by any means. Even though that doesn’t have to be a big problem, it does show people holding millions worth of DigixDAO will have difficulties in cashing out their profits in one go without crashing the market altogether. Whether or not investors will cash out profits in the short term, remains to be determined.
As of right now, Binance is the go-to market for DigixDAO trading. Given this exchange’s position in the altcoin sector, it is evident Binance is the go-to solution for most currencies that are not Bitcoin or Ethereum. Binance’s BTC and ETH trading markets are dominating the market, combining for a total of 87.2% of all DigixDAO trades. Huobi is in third in fourth place, followed by OKEx in fifth and sixth place. An interesting collection of exchanges, to say the very least, but so far, it seems to work for the DigixDAO market.
For the time being, we will have to wait and see what the future holds for the DigixDAO price. With this new all-time high in place, it seems normal to expect a major retrace in the very near future. Even so, there is never any guarantee as to how cryptocurrency markets will evolve. It is possible the DigixDAO price will hit $500, for all we know, but it might as easily go to $300 or less. Volatility is still a big problem across all markets as of right now.
Crypt2Pos is a platform that allows shops to connect their POS terminal to accept payment in cryptocurrencies. The platform provides the much-needed solution for people by enabling them to spend their cryptocurrencies to purchase goods and services, just like the way they would otherwise do with fiat. With Crypt2Pos, it will be possible to exchange … Continue reading Crypt2Pos – Enabling POS Terminal to Accept Cryptocurrency & Transforming the Payment Industry
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Crypt2Pos is a platform that allows shops to connect their POS terminal to accept payment in cryptocurrencies. The platform provides the much-needed solution for people by enabling them to spend their cryptocurrencies to purchase goods and services, just like the way they would otherwise do with fiat.
With Crypt2Pos, it will be possible to exchange all mainstream cryptocurrency to any fiat currency globally where non-cash payment can be made by means of non-contact terminal. These transactions are cheaper, safer and faster than similar operations in any bank with fiat currency. Moreover, the salesmen are also familiar with this mechanism through which they can get their payment in the currency chosen on the settings of their platform. The platform is aiming to leverage on the huge potential of cryptocurrency payment market with its unique ecosystem.
The Background & Industry Challenges
Despite the fact that cryptocurrency payment is witnessing mass adoption worldwide due to simplicity and convenience, it is still faced with some challenges that hinder its adoption, including ambiguous legal status and the fact that most of the users don’t get any opportunity to pay in cryptocurrency.
Crypt2Pos addresses these challenges successfully by building a platform that connects shops’ POS terminals to the cryptocurrency systems for accepting cryptocurrency payments and providing customers an opportunity to pay for their purchases in cryptocurrency through an easy-to-use mobile application. In turn, the salesmen will get the payment either in their bank account or cryptocurrency wallet.
The Core Functions of Crypt2Pos
The Crypt2Pos platform is used for the following operations:
The Salient Features
The platform is being developed with a range of novel features for the users who can freely access the platform anywhere through their mobile devices. The basic features include:
How is Crypt2Pos Different from Others?
The differentiating factors of Crypt2Pos are based on the sophisticated advantages that it provides to the cryptocurrency users. These advantages include:
The Crypt2Pos Token (CRPOS) Sale
The main part of the ICO token sale, putting 350 million CRPOS tokens on sale, started on February 18, 2018, and will end by April 3, 2018. It is to be noted that this cryptocurrency is not related to securities, electronic finances, or other types of money — this is the type of payment for system commission.
The Crypt2Pos team has been on the payment systems market for over 10 years. These are the former employees from banks, payments services, and other organizations in our project’s team.
To know more about the platform and participate in its on-going ICO, please visit http://crypt2pos.io/
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Investing platform BnkToTheFuture has raised $33 million in an ICO – money it will use to launch a token market and crowd-sourced research platform.
Investing platform BnkToTheFuture has raised $33 million in an ICO – money it will use to launch a token market and crowd-sourced research platform.
State-level legislation governing smart contracts in the U.S. would be redundant at best and could potentially undermine the growth of the industry.
State-level legislation governing smart contracts in the U.S. would be redundant at best and could potentially undermine the growth of the industry.
The IOTA project has come under heavy scrutiny by security and cryptography researchers. Various flaws have been pointed out in recent weeks. Ethan Heilman, one of the people finding out some of these flaws, is now being threatened with legal action. As such, Charles Hoskinson is considering to cover his legal fees if push comes … Continue reading Ethereum Founder Hoskinson May Cover Legal Fees For IOTA Critic
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The IOTA project has come under heavy scrutiny by security and cryptography researchers. Various flaws have been pointed out in recent weeks. Ethan Heilman, one of the people finding out some of these flaws, is now being threatened with legal action. As such, Charles Hoskinson is considering to cover his legal fees if push comes to shove.
According to the letters published on Tangleblog, there are a few critical weaknesses in IOTA’s code. These flaws are discovered by members of the Digital Currency Initiative. In the letters, Ethan Heilman explains the flaws uncovered and how they came across them. The response by the IOTA team is cordial at first, but things quickly deteriorate from there on out.
A request for documentation on the IOTA signatures could not be provided by the Foundation either. This feature is still a work in progress as of right now. However, the gist is how IOTA’s signature scheme is potentially at risk due to their own in-house developed algorithm, Instead, Ethan Heilman advises the project moves to a vetted and peer-review hash function altogether. It is solid advice, yet it is falling on deaf ears.
Later discoveries include a viable attack on IOTA’s signature scheme altogether. The mention of making this weakness public seemingly irates the Foundation members first and foremost. More specifically, 09they don’t want this information to be revealed to the public. Addressing such problems would take weeks, at the least. Moreover, there is some back-and-forth communication indicating Heilman is growing more concerned by the lack of non-action on IOTA’s behalf.
Further communication indicates the IOTA team finally started taking these concerns more seriously. Even so, some of the replies seemingly quote StackExchange and Wikipedia for “remedies”. Ethan Heilman points out these are not exactly the most formal sources of valid information when it comes to code security. Further emails show a clear degree of personal attacks and allegations regarding the “sobriety” of the security researchers who pointed out these flaws first and foremost.
The latest email sent includes a clear threat from the IOTA Foundation. More specifically, Sergey Ivancheglo claims he will use a lawyer to potentially sue Ethan Heilman over the allegations made. Although this mail dates back to October of 2017, it is unclear where things stand right now. It does appear as if things have escalated beyond the point of repair. With this information now made public, it will be interesting to see how the community responds.
If IOTA sues Ethan, then I'm seriously considering offering to cover his legal fees. This is absurd and fundamentally damaging to the relationship between researchers and cryptocurrencies
— Charles Hoskinson (@IOHK_Charles) February 26, 2018
Charles Hoskinson, one of the co-creators of Ethereum, is not too amused. He even vows to cover Ethan’s legal fees if IOTA goes ahead with this plan. Whether or not the information presented by DCI is in fact correct, will remain a subject of debate. There are still people who feel the project’s code is not entirely optimal as of right now. Rest assured this is not the last we hear of this story either.
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The uses for cryptocurrencies are expanding every day, most of them are to facilitate online payments for goods or services. However, the definition of service has taken on a whole new meaning in one Las Vegas nightspot where dancers were spotted with strategically placed QR codes for crypto tips. Scanning a Moving Target Popular UK … Continue reading Meet the Vegas Crypto Strippers
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The uses for cryptocurrencies are expanding every day, most of them are to facilitate online payments for goods or services. However, the definition of service has taken on a whole new meaning in one Las Vegas nightspot where dancers were spotted with strategically placed QR codes for crypto tips.
Popular UK tabloid, The Sun, reported that strippers at an exclusive Vegas nightclub have been tattooed with QR codes to facilitate anonymous tips in digital currency. In a largely photographic article the paper said that the Legend’s Room was the first to make the innovative move which enables regulars to pay surreptitiously.
Martial Arts master and club owner Nick Blomgren told local media;
“We came up with an idea probably about a year and a half ago of how we could turn this Bitcoin into something. So we were brainstorming. First, we were thinking about a fight company because I own a mixed martial arts gym. I was like well that would work better in a strip club. It’s the best place to spend it if you don’t want your wife to know or you don’t want your boyfriend to know.
He added that crypto was going to be the next big thing; “Some people had the dot.com era and if you didn’t jump on then, you missed the boat. Well I don’t feel I missed the boat this time, I got on the ground floor of something that’s going to be huge,”
To add to the allure some of the dancers wore temporary QR codes so that their bodies could be scanned to receive crypto from mobile wallets. Some of the performers said they preferred crypto to cash as it was peer-to-peer, instant, and anonymous, though a bank note is hardly traceable.
The appeal seems to have further advantages though, as adult entertainment worker Summer Chase pointed out, “there are certain banks that will shut down your account and actually deny you from having an account because you work in the adult entertainment industry.”
The adoption of Bitcoin has moved beyond Vegas strip clubs as the entire city has gone crypto crazy. Casinos such as The D have installed Bitcoin ATMs which, according to the owner Derek Stevens, are constantly full; “The damn machine was getting full! And it holds $80,000 worth and it’s getting full every couple of days,”.
The salacious nature of entertainment in Sin City does lend itself to a more anonymous form of currency and crypto seems to fit the bill perfectly. Las Vegas loves to reinvent and nurture forward thinking business models, and as such it is embracing cryptocurrency with open arms.
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Key Highlights ADA price started a minor upside move and traded above the $0.300i0 level against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.3130 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair traded as high as $0.3369 and it … Continue reading Cardano Price Technical Analysis – Can ADA/USD Regain Momentum?
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Cardano price is showing a few positive signs against the US Dollar and Bitcoin. ADA/USD must stay above the $0.3000 level to gain upside momentum in the near term.
There was a short-term bottom formed around the $0.2900 level in ADA price against the US Dollar. The price started an upside move and traded above the $0.3000 level. It opened the doors for more gains and the price moved towards $0.3400. During the upside move, there was a break above a major bearish trend line with resistance at $0.3130 on the hourly chart of the ADA/USD pair.
The pair traded as high as $0.3369 and later it started a downside correction. It seems like the $0.3400 and $0.3500 levels are important resistance levels. ADA has declined below the 38.2% Fib retracement level of the last wave from the $0.2890 low to $0.3369 high. However, there are many supports on the downside around the $0.3000 level. More importantly, the broken trend line could act as a support near $0.3100. Furthermore, the 50% Fib retracement level of the last wave from the $0.2890 low to $0.3369 high is at $0.3133 to act as a support.
Therefore, as long as the price is above the $0.3100 level, it may rise once again. On the upside, the price must break the $0.3400 and $0.3500 resistance levels to gain upside momentum.
Hourly MACD – The MACD for ADA/USD is slightly placed in the bearish zone.
Hourly RSI – The RSI for ADA/USD is lower towards the 50 level.
Major Support Level – $0.3100
Major Resistance Level – $0.3500
Charts courtesy – Cryptowat, Bittrex
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Thai exchange TDAX has postponed registration and suspended trading while awaiting clear regulation framework from SEC, and has had its account closed for lack of proper license by Bangkok Bank. SEC to Announce Regulations Soon The Thai Digital Asset Exchange, a privately owned cryptocurrency exchange that recently completed an ICO for 100 million tokens, has announced it will … Continue reading Thai Cryptocurrency Exchange Suspends Trading Due to SEC Conflict
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Thai exchange TDAX has postponed registration and suspended trading while awaiting clear regulation framework from SEC, and has had its account closed for lack of proper license by Bangkok Bank.
The Thai Digital Asset Exchange, a privately owned cryptocurrency exchange that recently completed an ICO for 100 million tokens, has announced it will postpone its corporate registration and any trading for two weeks while the Securities Exchange Commision (SEC) prepares to release its ICO regulations.
TDAX made the announcement despite having six ICO’s in the pipeline to postpone further trading until the release of the SEC’s regulations on March, 8 to be followed by the fintech bill.
The regulations are expected to focus on cryptocurrency exchanges that must be registered with the SEC.
Thereafter ICO’s must be launched through a portal that originates in Thailand with at least 5 million baht in capital.
In related news, Bangkok Bank announced it will cease handling cryptocurrency transactions with TDAX and have closed their accounts due to what it says is an improper business license.
TDAX founder and chief executive Poramin Insom said the company registered its business with the Commerce Ministry’s Business Development Department as a digital currency business upon receiving an operating license.
“The bank called and asked whether there was an operating licence for proof, but I answered that this business was not under legal jurisdiction [hence the absence of an operating licence], so the bank said it would terminate the company’s bank account [with Bangkok Bank], as this business had no licence,”
TDAX has made a request to be allowed to close the account themselves noting the bank has no mandate to force clients to either open or close accounts.
TDAX, the second largest exchange in Thailand, currently has 5.5 million in reserves and are planning to raise more in order to apply for the SEC’s ICO license.
According to founder Poramin, TDAX continues to trade Bitcoin and 10 other currencies with three other Thai banks ( Kasikornbank (KBank), Siam Commercial Bank and Krungthai Bank) where customers can continue to conduct transactions.
Experts expect to see a significant amount of new exchanges to register in Thailand as interest in trading Bitcoin grows and Thais see some homegrown ICOs created.
Sources say that the SEC regulations are likely to cap individual investors at 300,000 baht though which will likely force serious players to look abroad.
“This amount for individual investors is very tiny. Hence, you will see many Thai startups registered in foreign countries such as Hong Kong and Singapore to raise funds outside of Thailand’s legal jurisdiction,” said an unnamed source.
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