Day: March 9, 2018

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Blockchain technologies are beginning to enter a new phase of existence; practicality, versatility and accessibility are hallmark features that indicate great potential in the future for a blockchain company. If those desired traits are stacked on top of a brilliant blockchain product or platform, then things are really beginning to look up — especially as more and more start-ups are beginning to deliver over and above expectations.

As Blockchain tech slowly begins to exit an experimental phase, there is still the issue of public and industrial mass adoption. It is apparent that the crypto industry is struggling to create routes into crypto that are easily navigable for the layman and the startup seeking to adopt this bubbling technology into their business, startups such as Fabrictoken — a crypto startup that wants to make Dapps more user friendly..

Enabling a grass roots workforce

The issue of accessibility is high on the priority list, it’s not just the industry and public this entry barrier is causing trouble for — it also comes down to an extremely skilled and critically required workforce and, if left out of the picture, could cause the active population of crypto participants to stagnate. Developers and programmers who will be on the frontlines creating DApps (blockchain based applications) are being met with barriers caused by an absence of user-friendly software lessons and tutorials, creating a costly demand for highly skilled technological expertise.

From there, companies are forced to seek out expensive specialists, who, to a startup or small enterprise, could be unprofitable and unaffordable; this begins a vicious and unproductive cycle that could easily be avoided, if DApps become inaccessible at the grass roots of the industry then it is inevitable that innovation will be all but stymied within multiple crypto industries.

Fabrictoken, a crypto startup, is aiming its sights directly at the issue with their platform and token that will solve essential problems with the adoption of smart contract and blockchain technologies. This will be including the difficulties involved in the development of smart contracts, primarily taking action to create an official testing framework for the Ethereum programming language, Solidity.

The Right Tools for the Job

The Fabrictoken ecosystem is made up of four main components; for one, there is the Fabric Token which is a utility coin to be used within the Fabric ecosystem for payments and products.

Secondly, a TokenGen feature which allows for smart contracts to be easily created for tokens and their respective fundraisers, taking the focus away from this underdeveloped area to the important part, their idea.

Another fruitful edition is the DApp Workbench that provides businesses of any size a means to easily integrate blockchain and smart contracts into their intra and inter-organisational business processes all the while improving their management capabilities and workflows with an intuitive drag and drop interface. Finally there is the Fabric Store, a one stop shop for third party developers to create smart contracts, expanding the full functionality of the Fabric software and promoting the growth and larger scale adoption from users and business.

Fabric Token Generation Event

The Fabric token actually managed to raise more than $1 Million USD in under 24 hours of their TGE (token generation event opening). This is an indicator that they have managed to put a solution in place that is being recognised for its potential, this will be a platform to watch for some time to come. The token sale is currently still running and will end in just over a months’ time, head here to find out more.

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These days are not all that fun for most cryptocurrency enthusiasts. With all markets still in the deep red, it is evident the coming weekend will bring either a lot of relief or tons of joy. The way the Bitcoin price looks right now, we may very well see a small bounce, although reaching $10,000 seems virtually impossible. Never say never in the world of cryptocurrency, though.

Bitcoin Price Struggle is Very Real

It has become rather evident there is a lot more bearish pressure on the cryptocurrency markets than most people had anticipated. Even though the year 2018 has not been all that positive overall, it seems things are only growing worse as time progresses. More specifically, we have seen a total of two major price “crashes” already, and the third one is still in full effect as of right now. The volatile nature of cryptocurrencies is well-documented, but this latest dip took a lot of people by surprise.

Even so, the current Bitcoin price is slightly higher compared to what it was just a few hours ago. Ever since this drop from just over $11,000 began, people have been wondering if $10,000 would turn into the new support level. Sadly, that is not the case, as the Bitcoin price kept dropping pretty hard last night and earlier today. When $9,000 was broken, things really started to look dire.

That was not the end of it, though, as the Bitcoin price almost dropped to $8,400 in the process. Thankfully, we are now looking at a value of nearly $9,000 once again, even though it is evident any upward momentum will be pushed down eventually.  Especially with the weekend almost upon us, it seems normal there will be a further Bitcoin price decline on the horizon. This weekend may prove to be different, but few people actively hold out hope in this regard.

Bitcoin still has nearly $8.5m in 24-hour trading volume, which can only be considered to be a good thing. Even if the sellers vastly outweigh the buyers right now, there is a small positive trend forming on the charts. With the recent $500 recovery in a matter of four hours, there’s still plenty of time to turn this ship around once again. Whether or not that will effectively happen, is a different matter altogether.

As ok right now, Bitfinex leads the charts based on Bitcoin trading volume. That is somewhat surprising, as one would expect OKEx to be close to the top as well. Right now, there’s a $370m gap between these two platforms. Binance completes the top three with their BTC/USDT pair, indicating Tether’s token is actively playing a role in the Bitcoin market once again. Rest assured this will cause a lot more speculation moving forward, but for now, it seems to have virtually no positive impact on the Bitcoin price whatsoever.

For the time being, it remains to be seen what the coming days will bring. Further Bitcoin price declines appear to be very likely at this point, although the market will bounce back at some point. When it does, it will probably in the spectacular fashion we have grown accustomed to over the past few years. Right now, things look very brittle and the volatility is far from over. There’s no need to cut one’s losses, though, as this trend won’t be sustained indefinitely.

New York family office Dominion Capital is launching a product for a new breed of consumer that’s “crypto rich” but low on cash.

The 4^th Pillar platform is all set to establish its lasting imprints in the field of digital identity control. More specifically, the platform aims to develop the world’s first blockchain-based employee identity ledger, providing users a way to enter the work-related information, and hence giving employers and organizations an indispensable tool to be used in the recruitment process. The FOUR Tokens, the native cryptocurrency that fuels the 4^th Pillar platform, will be offered for sale in the upcoming Token Generation Event (TGE) and public ICO starting soon.

About the 4^th Pillar Project

The 4^th pillar is the blockchain-enabled work identity ledger where the users will enjoy complete control over their professional identity as well as be able to earn FOUR tokens. The ecosystem provides an automatic verified and non-discriminatory professional identity evaluation, based on imported measurable data, which makes recruitment more transparent and easier.

Since the validated automatic evaluation is not based on any discriminatory characteristics (for instance, gender, age race, religion, sick leaves, parental leave information or other parental care rights) it will enable employers and recruiters to act in accordance to the terms and conditions of employment on non-discriminatory basis (like education, additional courses, additional professional knowledge, linguistic knowledge, years of service, work commitment and work performance.

The Core Features

The platform uses smart contracts, IPFS, and blockchain technology to address the key challenges and issues including:

• Individual control and received digital assets management
• Blockchain personal ledger identity database with automatic non-discriminatory professional identity evaluation
• Work-related document through peer-to-peer distribution

The 4th pillar is based on the concept that gives a free choice and full control over financial crypto savings back to the people, keeping the intermediaries and associated costs away from the process. At the same time, it solves the worker’s digital identity problem and private documentation distribution including employment contracts, payroll slips, annexes, CVs, medical reports, performance reports, work history reports etc.

The Verdict

The 4th Pillar platform not just enable organizations to transfer their digital value directly, but also lead to cutting costs of middlemen. It will become the world’s first truly automated and validated employee evaluation system that recruiters will be able to use globally in a discrete manner.

The 4^th Pillar platform is all set to leverage upon the recruitment and employment industry that has almost touched the annual sales revenues worth over €450.4 billion, with an annual increase of 8.6%. The Platform intends to digitalize the HR industry, by raising funds for the further development of the platform.

The Token Generation Event and public sale have been announced by the company. To know more about the platform, its features and to participate in its upcoming pre-sale and main sale, please visit https://www.the4thpillar.io/crowdsale/

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London Tech Week, an annual event of festivities centering around technological innovation, is slated to begin in the middle of June, 2018. It is home to the prestigious and widely known Tech XLR8 Conference and, now, is being sponsored by an up and coming blockchain startup with something to prove – ImmVRse. To be more specific, the virtual reality platform is sponsoring the Blockchain 360 event – which will be narrowing their focus on uniquely blockchain tech. This will be part of the overarching TechXLR8 conference.

London Tech Week Brings Thousands of Enthusiasts Under One Roof

The Tech-XLR8 conference is one of the most popular gatherings for all things tech. Indeed, it claimed over 13,000 visitors last year that participated in over 300 exhibitor stalls. Additionally, the conference included 800 expert speakers with a wide variety of knowledge on different subject matter.

Some subject matter discussed at the conference ranged from virtual reality, augmented reality, bots, artificial intelligence, autonomous vehicles to drones. This year, ImmVRse hopes to share their combined knowledge of virtual reality and blockchains and demonstrate the benefits of synthesizing the two seemingly different technologies.

Significance of TechXLR8 from ImmVRse’s Perspective

The event will act as an unparalleled marketing opportunity for the blockchain-based startup, as they will be given a chance to speak to a large and engaged audience about their platform. From ImmVRse’s point of view, Blockchain360 is basically a testing grounds of sorts to experiment with their product in front of an audience that likely includes a disproportionate amount of their target market.

The CEO of ImmVRse, Farabi Shayor, explained the significance of sponsoring Blockchain360 and what potential implications it could have for the startup. Additionally, he talked about the TechXLR8 conference itself and its relationship with the tech industries.

“I personally believe this is an amazing event to be involved with, as it brings together the converging industries under one roof. Sponsoring Blockchain 360 during London Tech Week is a chance to promote transformational technology and also opens the door to possible collaboration opportunities.”

ImmVRse hopes to be recognized as a player at the forefront of innovation, something the conference will give the startup a chance of doing by allowing it to demonstrate the benefits of combining virtual reality and blockchain. Also, why and how the two spaces have any overlap at all. Their hope is that people will get a better understanding of the platform and in what ways it brings something to new to the table and could even end up stimulating the growth of both industries moving forward. Limon Rahman, COO added,

“We are proud to play a part in the development and progression of virtual reality technologies. I do not believe we have even scratched the surface in terms of the value VR can bring to individuals and numerous industries in the business world.”

ImmVRse is backed by an ensemble of experts from a range of sectors, including  relevant technologies, IT Management, VR, computer security and blockchain development. To learn more visit the Website: https://immvr.se/

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Cryptocurrency enthusiasts will have noticed all markets are getting battered. Volatility is an integral part of this industry, but the reason for the current sell-off is triggered by something else entirely. The Mt. Gox trustee is liquidating assets on behalf of the exchange’s victims. Unfortunately, he appears to be selling these coins across regular exchanges and crashing the price.

The Mt Gox Trustee

It is good to see the Mt. Gox debacle finally come to a close. More specifically, the trustee has allocated the funds necessary to repay all victims of this exchange. Thanks to the current Bitcoin price, fewer coins are needed to make this happen. At the same time, selling Bitcoin at the current prices is also problematic. As everyone can see, the price is tanking hard exactly because of this major sell-off.

It appears a total of 40,000 BTC need to be liquidated quickly. That represents a hefty chunk of money, which needs to be bought up by individuals and investors. Selling this amount of Bitcoin on the open market in large batches is not the correct approach. In fact, it is one of the biggest mistakes the Mt. Gox trustee can make. In doing so, this one person is effectively crashing the entire cryptocurrency market.

For anyone holding Bitcoin or altcoins, this is not good news. While everyone wants to put Mt. Gox behind them, this sell-off is not the right way to go. There are plenty of other options to sell this money without disrupting overall prices. Several service providers are even willing to help in this regard. So far, their advice is falling on deaf ears, as the Mt. Gox trustee just does what he thinks is best.

Purposefully Crashing the Bitcoin Price

Even though Kraken offered to aid in the sale, their request has been blatantly ignored. The company runs a dark pool where people can buy and sell large quantities which do not disrupt open market trading prices. Additionally, the funds could easily be sold through an auction and net even more money. For some reason, the Mt. Gox trustee isn’t even entertaining that idea either. It is a very disturbing approach and shows a lack of respect for the cryptocurrency ecosystem as a whole.

Crashing the Bitcoin price like this is completely unacceptable. It is unclear why this approach was taken, although it has all the traits of malicious intent. This is the fastest way to repay Mt. Gox victims.  However, these people have waited years to see their money back, thus a few days or weeks extra won’t make any difference. A proper approach is warranted in this regard, but so far, the damage has been done already.

It will be interesting to see how all of this play out. For now, the Mt. Gox trustee is quickly becoming one of the most disliked individuals in cryptocurrency. His approach leaves a lot to be desired and it appears things are not improving whatsoever. Rumors are flying around how this is a move orchestrated by governments looking to scoop up cheap bitcoins. An interesting thought, but fake news until proven otherwise

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New reports indicate that crypto mining firm Bitmain is quietly preparing to open new facilities in Washington state.