Day: March 11, 2018

Bitcoin Price Key Highlights

• Bitcoin price looks ready to resume its climb as a double bottom pattern formed on its 1-hour time frame.
• Price has broken past the pattern’s neckline to signal a pickup in buying pressure.
• However, technical indicators are suggesting that the selloff could still resume.

Bitcoin price formed a short-term double bottom pattern and broke past the neckline to reflect a pickup in bullish pressure.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA on this time frame to signal that the path of least resistance is to the downside. In other words, the selloff is still more likely to resume than to reverse.

However, bitcoin price has moved past the 100 SMA dynamic inflection point as an early indicator of a return in buying pressure. Price has also broken past the neckline around the $9200 level to signal a potential rally, which might last by around $800 or the same height as the chart formation.

Stochastic is on the move down to indicate the presence of selling pressure, though, and has some room to head south before reaching oversold levels. RSI has plenty of room to fall, so bitcoin price might follow suit. In that case, price could still form another bottom at the $8400 area.

Market Factors

Bitcoin price took hits last week on reports of increased oversight by the SEC and the shutdown of a couple of relatively small cryptocurrency exchanges in Japan. However, the return of risk-taking late in the week spurred demand for higher-yielding assets like bitcoin.

Profit-taking at the key $12,000 area of interest was also being blamed for the slide in bitcoin price. Price has even fallen through the next key level at $10,000 leading to more liquidation. If price is able to climb back above the $10,000 mark this week, it could push for another test of the $12,000 level and perhaps even break higher if sentiment remains positive.

The post Bitcoin Price Technical Analysis for 03/12/2018 – Bulls Won’t Give Up! appeared first on NewsBTC.

A former Thai official is calling for brining proper regulation on all cryptocurrencies and initial coin offerings in the country.

Peer-to-peer traveling 😃 #EXPLAINED

Binance allotts bounty for the legal arrest of the hacker’s responsible for the security breach on March 7. #NEWS

A crypto hedge fund co-founder argues that while crypto investors are going wild today, the markets will eventually return to real valuations.

Markets Wrap: calm week for global equity markets, decline in crypto prices. #MARKET_ANALYSIS

If you are a potential investor in the blockchain space it can be difficult to differentiate between all the companies claiming to be the next ‘disruptor’ of an industry. The conflating of terms like blockchain technology, smart contracts and decentralised applications (DApps) can be confusing for many. Nonetheless, understanding what the project really entails, and whether it will actually be ‘decentralized’ remains a crucial part of any investor due diligence

Mining cryptocurrency is a huge business. Just last year, Beijing-based crypto-miner Bitmain made over $3 billion dollars in profits. In a novel approach, French startup Qarnot is helping everyday consumers get involved, and the company is doing so by utilizing something that’s usually regarded as a (big) problem for cryptocurrency miners: heat. By harnessing the heat graphics processing units (GPUs) generate while mining, Quarnot’s QC-1 crypto heater keeps users warm and mines cryptocurrency at the same time.

According to Qarnot, the QC-1 takes just ten minutes to set up. It connects online via an Ethernet cable, and owners can monitor its mining progress or activate a heating booster using a companion app. Also of note: the manufacturer doesn’t take a cut of the cryptocurrency the QC-1 mines.

“The heat of your QC-1 is generated by the two graphics cards embedded in the device and mining cryptocurrencies or blockchain transactions: While heating, you create money,” the QC-1 product description reads. “You can watch in real time how crypto markets are trending, on your mobile app and on your QC-1 LEDs.”

The QC-1 crypto heater is a wall-hanging unit that looks like a black radiator adorned with a grill and wooden top. Housed inside are two AMD NITRO+ RADEON RX 580 GPUs. By default, the unit mines Ethereum, but users can direct the device to mine other cryptocurrencies too.

The company estimates their crypto heater can mine an average of $120 worth of the coin per month. The problem is that the rig costs €2,900 ($3,570). Looking at the math, users will have to run the QC-1 all day every day for more than five years before it pays for itself (as per current Ethereum prices). 

Crypto Heaters

The QC-1 isn’t the first device of its kind. Russian startup Comino sells two similar mining rigs that double as heaters: the Comino N1, which mines Ethereum, and the Comino N4, which mines Zcash. Both sell for €4,999 ($6,150).

It’s worth remembering that devices like these can only mine cryptocurrencies — they doesn’t include a hard drive or an operating system, so no gaming or emails. And considering that the QC-1 costs almost $3,600, one could theoretically just buy a high-end gaming PC with two comparable cards inside and set them up for cryptocurrency mining.

That said, as a proof of concept the QC-1 is certainly notable. Using excess heat from cryptocurrency mining to provide heat for users is a great idea. Mining generates a tremendous amount of heat and putting it to good use could help make the idea of mining cryptocurrency more approachable to mainstream consumers. 

The post Qarnot’s QC-1: Heat Your Home and Passively Mine Cryptocurrency appeared first on NewsBTC.

Finnish crypto exchange Prasos Oy risks collapse as banks refuse to work with crypto-related platforms. #NEWS

Over the past several days Bitcoin has experienced a large drop in value. The entire market has followed this trend, with Ethereum, Bitcoin Cash, and Ripple all declining by similar margins. Analysts have attributed the recent fall to a massive sell-off of almost 40,000 Bitcoin by a Mt. Gox trustee.

Mt. Gox Sell-off

Tokyo-based cryptocurrency exchange Mt. Gox was formed in 2010, and just four years later was responsible for over 70% of all Bitcoin transactions worldwide. Unfortunately, in 2014 the exchange closed down and filed for bankruptcy following the theft of approximately 850,000 Bitcoin.

The problem today is that creditors are still after the missing money. And it has been reported that Nobuaki Kobayashi, the lawyer and trustee of Mt. Gox, has sold 35,841 Bitcoin and 34,008 Bitcoin cash — worth more than $400 million — over the past few months, starting in September of last year.

Many in the industry have thrown shade at Kobayashi, claiming this influx of Bitcoin contributed to the intense volatility in the market in December and January, as well as more recent pricing downtrends. The Mt. Gox trustee holds still holds about 166,000 Bitcoin — worth more than $1.5 billion at the moment.

This has attracted a lot of attention, but there may be some good news: the next court proceeding for the Mt. Gox bankruptcy isn’t scheduled until September 18th, 2018. It is likely, then, that before that date Kobayashi won’t be able to dump the remaining 166,000 Bitcoin onto the open market. Traders have been watching this case closely, and if this turns out to be true, it could mean good things for Bitcoin’s price.

What Happened?

Details of Kobayashi’s transactions published earlier this week indicate that the mass sell-off was potentially a driving force behind the December 2017 and January 2018 Bitcoin pricing slump. Analysis of the transactions suggests a correlation between the sales and Bitcoin’s bearish price action in late December 2017 and early 2018. The sales seem to have further shaken a market already in a downward trend following regulatory crackdowns, hacked exchanges, and fraud.

When off-loading a large volume of cryptocurrencies, a seller is required to accept lower and lower bids, which in turn causes the price to drop rapidly. Some traders watching the market closely may see this as a signal of an oncoming crash and quickly sell their holdings before it drops even further — a snowball effect can occur and a market can quickly experience a crash.

Moving Forward

As noted above, many are hopeful that with the next Mt. Got court date six months away, Kobayashi won’t be able to dump another load of coins on the market. That said, some are hesitant: this Twitter user, a Japanese investor, claims that, in fact, the September 18th court hearing is irrelevant because Kobayashi already has been authorized to sell-off — meaning he doesn’t have to wait to off-load more coins.

Regardless of what actions Kobayashi takes moving forward, hopefully, the future sales will be more transparent and not contribute to FUD and associated Bitcoin market downturns.

The post Bitcoin Price Will Likely Surge as Mt. Gox Sell Off Paused Until September appeared first on NewsBTC.

Crypto businesses and ICOs advertising on Google Adwords are reporting account and ad suspensions and terminations. #NEWS

Ads can be annoying, it’s no secret.

Browsing your favorite corners of the internet can turn into a mildly infuriating experience when the pages are littered with boring, repetitive ads.

To make matters worse, many of these ads are completely irrelevant and even spammy. It’s one thing being bombarded with ads for products you want, quite another when they’re items you simply don’t care about.

It’s hard to get around. Big platforms like Google and Facebook have a lot of power when it comes to ads, and their revenue is growing all the time.

Using these services comes with a price, and the price is that endless stream of ads one comes across on the internet.

But what if it didn’t have to be that way? What if advertisers could work more closely with users and content publishers to make the experience more pleasant for customers and more profitable for themselves?

It could be possible, but it would require a big overhaul of the current system and a new way of sharing data.

First, let’s check out why ads are so annoying now.

Why are ads so annoying?

Digital advertising is all about data. In the U.S. alone, spending on data is forecast to reach $11.4 billion in 2018, with advertising a big driver for this.

Advertising companies are supposed to use your personal data to target you with the ads. In effect, this would result in you seeing ads for products you actually want to buy. Unfortunately, data sharing is a messy area and it doesn’t always go according to plan.

Many companies buy and sell user data, in the form of email lists for example, and the result is users are mixed up and incorrectly targeted. Hence the heaps of irrelevant ads.

Advertisers also find it hard to directly target their customers. Publishers, who produce the content that generates traffic, rarely have a close relationship with advertisers as there aren’t enough platforms that allow this.

The result is that advertisers are unable to rely on genuinely effective types of advertising that involve real dialogue with customers. Instead, they’re forced to just pump out banner ads and hope for the best. The result is annoyed subscribers and poorly performing ads.

The problem stems from centralization. Big companies like Facebook, Google, and YouTube dominate the advertising industry, making it near impossible for advertisers to build relationships with publishers or their subscribers. In fact, 93% of marketers use Facebook advertising regularly.

This makes it much harder to tailor ads for customers and share data effectively. The solution is to move to a more decentralized model — but how?

Using blockchain to decentralize advertising

Blockchain technology is frequently hailed for its ability to build decentralized networks with no central point and no middlemen. This would be a perfect solution to the problems with ads — it allows us to cut out third-party platforms and focus on real relationships.

One Blockchain project is working to disrupt the online advertising world and it’s called Kind Ads.

Kind Ads raised $20 Million in a private round and has recently finished a long process of onboarding publishers and advertisers and want to change the way online advertising works by building a decentralized blockchain platform using its own tokens as currency.

This way, advertisers can transact with content publishers to gain access to their subscriber base. It allows advertisers to communicate more effectively with their potential customers, and target ads in a way that is less annoying and more profitable.

For example, advertisers will be able to shift from randomly generated banner ads to things like push notifications and chatbots, which have been shown to be far more effective at converting leads into customers. They’re also less annoying and much effective.

Customers, meanwhile, will be able to decide who they want to share data with, by selling their data in exchange for Kind Ads tokens. This gives them more control over the advertisers they interact with. They’ll also be able to decide how much activity they want to see and even opt out of lists they don’t want to be in anymore.

This kind of new, smarter system could change digital marketing forever. It’s a more democratic way of advertising, one where advertisers and their targets have more of a relationship. It’ll make the experience of being online more pleasant for users while taking the power from big third parties and returning it to advertisers and content producers.

The people who generate traffic will be rewarded more fairly, and advertisers will be able to pay less to get their message out.

The goal of Kind Ads is to have better suitable and relevant ads for users, more revenue (no middlemen) for the publisher, and zero fees for advertisers.

Everybody wins.

The post Online Advertising Can Be More Effective and Less Irritating — Here’s How appeared first on NewsBTC.

Blockchain Navigation startup BoatPilot has just announced their token sale, which aims to raise circa 10,000,000 million USD. This event is focused on the real economy sector businesses. The token generation event is set to start April 1st, 2018. The funds raised in this crowdsale will be used to expand BoatPilot’s business exponentially. The company has already raised over 1 million USD in their private sale.

Disclosure: This is a Sponsored Article

A reliable vendor of hardware navigation, BoatPilot’s solution is to develop the first market mobile platform that combines navigation, booking and advertising services for the private and charter yachting sector. The company describes itself as a cross between Google Maps and Trip Advisor.

Founded in 2012, BoatPilot is a marine navigation system that combines features of a classic chart plotter and an interactive navigation system. Also featuring an interactive pilot, this gives the user the opportunity to add comments and correct content, also featuring an augmented reality mode support. The company has also produced ‘BoatGod’ – a hardware module for collecting statistics from onboard systems and aggregating geolocation data. Their other creation is ‘Pocket Skipper’ – an advertising marketplace application.

Pocket Skipper was designed for booking and selling yachts, reserving marinas and searching for fellow passengers and tour offers.

Point of Sail

BoatPilot places a wide variety of clients in reach of yachting services and industry related companies. BoatPilot’s main advertising feature is targeting based on users’ interests, demand, and geolocation.

The yachting industry mainly supports imminent demand,Until now.Thousands of yachting-related SME’s had no tool to promote their services to their target audience in an innovative and affordable way. Today, BoatPilot offers one comprehensive advertising solution. The BoatPilot solution even knows when the vessel needs an oil change and where the crew can find the nearest service station.

With a 6 year long portfolio of achievements, BoatPilot has always sailed in a stable and mature sea of business, and its win-win business model is backed by the extensive experience of the company’s founders and team. BoatPilot has the modest ambition to make its services available to the international yachtsmen community, the company counts on a successful token sale.

Into The Deep Blue

‘MarketsandMarkets’ estimates the total navigation market size to be $74 billion. The largest regions with the fastest growth rates are Asia, (CAGR of 3.36%) and Latin America (CAGR of 3.30%). BoatPilot plans to capture 2.5% of the charts market by 2019. BoatPilot attracts the global yachtsmen community to enhance its charts, and with a couple of clicks a user can add any content to the database in real-time, or check the reliability of other users’ content.

As a result, the project stretched to as far as the Mediterranean and has the most accurate database: more than 4,000 marinas versus 1,800 listed by its closest competitors. Hundreds of key geotags are more accurate and have a more detailed description that those of systems that have been on the cards for decades.

The NAVI Token

BoatPilot has an impressive natural and logical business model will see the company in go stead. As BoatPilot Blockchain navigation company evolves and gains traction leading the market with its already outstanding services, Boatpilot has an uncompromised view on Geo-data, this being an important element of the system.

In order to keep all BoatPilots charts up-to-date, the company will be giving out their native NAVI token to all users who share their geodesic and cartographic data that is recorded by their onboard computers while sailing. The number of tokens awarded will be proportional to the amount of data shared.

BoatPilot’s pre-sale started on January 9th and has the minimum entry amount of 25,000 USD. The token sale starts April 1st, The Token Generation Event has a Soft Cap of 3,920,000 USD and a Hard-Cap of 9,850,000. The face value of each token is currently 0.07 USD. With a total supply of 281,737,610 NAVI tokens. Any unsold tokens will be burnt.

BoatPilot reserves the right to use any such data within their interface and will aim to consolidate this for their permanent access. BoatPilot cannot guarantee instantaneous purchase of the NAVI bonus tokens, as this will depend on the current financial state of the company, the volume of liquid assets, any strategic or tactical tasks, as well as any other circumstance. BoatPilot will do everything possible to ensure that Navi tokens will be traded on a large number of exchanges.