Day: March 15, 2018

When it comes to keeping our data safe, sometimes we are our own worst enemy. That’s because it’s human nature to seek simple solutions. And let’s face it; right now data security just isn’t that simple.

Every day millions of people share photos, videos, personal and financial details about their lives without any thought to where that data could potentially end up. Despite all the news about massive data breaches, most people don’t change their data security behavior. We think that’s because, for the average person, data security processes are just too complicated.

Average Internet users don’t think about things like ‘cryptography’, ‘encryption’ or zero-knowledge storage.’ They think in terms of simple needs. “Can I safely send this money?” “Are my photos private?” “Is my password safe?”

They want the simple answer to be “Yes.” They don’t really need to know how, and they don’t want to do much to make it happen.

That’s where Cryptelo comes in. We bring “invisible security” to everyday data sharing.  We know people won’t go through a complex 8-layer security protocol. Simplicity is the only path to data security.

Simplicity is also why Cryptelo is focused on empowering developers. Cryptelo Platform is an easy-to-implement open protocol platform for developers, so they can enable top security standards without deep knowledge of encryption. We help developers bring “invisible security” to their customers by providing back-end, high-security solutions. So developers can focus on the application, the user interface and client experience. We take care of the security layer that can be easily integrated into new applications.

Everyone loves a simple solution. Cryptelo’s vision is to bring invisible security to all.

 

The post Why “Invisible Security” Is the Solution to Secure Data Sharing appeared first on NewsBTC.

The watchdog has warned the public over a crypto investment platform that is allegedly violating securities laws in the country.

Goldman Sachs has been a remarkable company when it comes to Bitcoin. While the bank has always been hesitant to embrace cryptocurrencies directly, their investment arm is a different matter. Circle, one of the companies funded by this bank, is now on a hiring spree. The cryptocurrency industry is creating 100 new jobs for this company alone.

The Circle Hiring Spree

It is evident cryptocurrency interest is still on the rise. Even major price drops cannot prevent people from being intrigued as to how it all works. As such, regular people and investors all want access to this new form of money. Circle is one of the go-to solutions in this regard. While initially a mobile payments platform, they expanded into cryptocurrency a little while ago.

This move is only further confirmed by the acquisition of a trading platform. Poloniex is one of the bigger cryptocurrency exchanges in the world today. However, their service has suffered from degraded performance and customer support delays. Circle wants to address those problems by hiring 100 new staffers around the globe.

For now, the company seems intent to focus on Asia. More specifically, South Korea, Japan, China, and Hong Kong are all regions of interest.  With the company having VC backing from Goldman Sachs, among others, this expansion is only the first step. It appears the company is intent on boosting global cryptocurrency use and adoption pretty quickly. That is much easier said than done, especially given the current market sentiment.

Circle Wants Bitcoin to Succeed

Although it seems as if Bitcoin directly competes with Circle’s original business model, the vision of CEO Jeremy Allaire is quite clear. In his opinion, every form of value will become a crypto token eventually. To ensure that can happen, existing cryptocurrencies need to pave the way and succeed. Right now, that process has hit a few roadblocks. Regulators are cracking down on this form of money left, right, and center.

At the same time, Circle may be the catalyst the industry has been waiting for. It is a household name in the financial sector as we speak. Their Pay, Invest, and Trade solutions are all of great interest to investors, consumers, and speculators. Adding cryptocurrency to this growing list of services seems to be a logical evolution.

For now, we have to wait and see how this new plan evolves. Circle has no intention to raise additional funds despite the recent acquisition of the Poloniex exchange. Instead, the company wants to remain profitable for the second year. Whether or not they can succeed in that mission largely depends on how the cryptocurrency markets evolve. Right now, it is not looking all that great in this regard. Anything can happen, though, and the year is far from over.

The post Goldman Sachs Firm Circle to Create 100 New Crypto-Related Jobs appeared first on NewsBTC.

Recently the new knowledge-oriented blockchain project Knowledge.io announced their ICO token sale. At this first stage, they have sold more than 5 mln tokens. Today, we will tell you more about why this campaign is successful and how they are going to get and use participant’s knowledge.

The idea of knowledge competitions is not new. People take part in many interesting quizzes and contests, but in most of them, people are just ranked, not rewarded. Meanwhile, marketers have a real problem- they can only get information on any particular user in the context of the content he consumes. This means it’s quite difficult to discover a user’s real knowledge on a subject.

The Knowledge.io project aims to fill this gap. They are developing a decentralized knowledge network with their own Q&A blockchain platform. Using gamification technologies, they are attracting users from their own apps (including Trivia Spar), partner apps and integrated apps to answer questions in exchange for tokens. If you know something, you can get real crypto-money just for your correct answers. Moreover, deeper knowledge can be rewarded with more tokens that you can spend in the Knowledge marketplace or exchange for any other crypto or fiat currency in the wallet. This gives a new dimension of interest to savvy users and experts.

New business opportunity

But who will really pay for the rewards? It’s a fair question, and the answer is easy enough. Commercial and public companies are getting an opportunity to promote knowledge in certain areas, reward people for the right answers and build social competence. This has become possible thanks to strong data partnerships made by the Knowledge.io parent company.

If you are knowledge-keen, you have definitely heard about Trivia Spar. It is a trivia knowledge game that allows advertisers to target people based on their Knowledge Scores in certain fields. It utilizes a patent-pending technology to generate a score on the topics of interest to advertisers. As a result of close relationships with Oxford University, TiVo, KBB, and several others, Trivia Spar is able to create questions based on structured data on any specific topic.

Now there are more than 10,000,000 questions in Trivia Spar System, covering different fields of practical and theoretical knowledge in very different fields. In accordance with advertisers’ requests, the users are ranked with scores on Movies and Sports, and also answer questions from the Oxford Dictionary of History and the Oxford Dictionary of Geography. But that’s not all, Trivia Spar users are also answering medical questions based on ICD9 and ICD10 standards.

Thanks to data partnerships, it is possible to generate numerous amount of questions, linking people with their knowledge, and building up a new blockchain-based ecosystem for community education and highly-precise targeted ads campaigns.  Moreover, rewarded with KWN token, people will have to identify themselves when they will convert or spend their money.

KWN Token

If advertising is your game or you are want to educate your audience, now is a right time to buy KWN token with a huge bonus. The ICO sale ends April 8. 5 mln tokens have already been sold. Thanks to partnerships with companies like Gaming Grids, the Knowledge.io project already interacts with more than 5 million active monthly users of the eSports portal and is continuing to grow its audience rapidly.

The post A New Knowledge Leap – Strong Data Partnerships Allows Changing the Game appeared first on NewsBTC.

A government-led investment association in China is reportedly establishing a funding center to foster blockchain development in the country.

Technicals suggest the beginning of a bear trend with a likely test of the US$150-$200 zone. If regulatory scrutiny on cryptocurrencies does increase dramatically, expect privacy coins like XMR to surge in value as an exodus from the potential invasion of privacy. This event, should it occur, will easily be seen on the XMR/BTC pair, which will drastically increase in value.  

Key Highlights

• Ethereum classic price declined heavily and moved below the $20 and $18 supports against the US dollar.
• There is key connecting bearish trend line forming with resistance at $18.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
• The pair could rise in the short term but it may face sellers near $17.00 and $18.00.

Ethereum classic price tumbled sharply against the US Dollar and Bitcoin. ETC/USD is now trading well below $18.00 and it remains at a risk of more losses.

Ethereum Classic Price Decline

There was no upside move above $21.00 during the past few days in ETC price against the US dollar. The price started a downside move and traded below the $20.00 handle. The downside move was strong as the price even failed to hold the $18.00 support level. It is now trading well below the $18.00 pivot level and the 100 hourly simple moving average.

The recent low was formed at $15.66 and it seems like sellers are here to stay. If there is a correction, the price may face sellers near the 23.6% Fib retracement level of the last decline from the $21.73 high to $15.66 low. There is also a key connecting bearish trend line forming with resistance at $18.00 on the hourly chart of the ETC/USD pair. The same trend line is near the 38.2% Fib retracement level of the last decline from the $21.73 high to $15.66 low. Therefore, the $17.00 and $18.00 levels are seen as crucial barriers for buyers in the near term.

On the downside, the price could break the recent low of $15.66 and test $15.00. The overall bias is bearish on BTC, ETH, XRP and all major cryptocurrencies.

Hourly MACD – The MACD for ETC/USD is not showing any signs of a recovery.

Hourly RSI – The RSI for ETC/USD is slowly rising from the oversold levels.

Major Support Level – $15.00

Major Resistance Level – $18.00

 

Charts courtesy – Trading View

The post Ethereum Classic Price Technical Analysis – ETC/USD Tumbles Below $18 appeared first on NewsBTC.

Coinbase spokesman Mike Lempres told a congressional hearing that more regulation would only add to the confusion of the hodgepodge regulatory statues which already exist.

Coinbase Asks for Clarity

The House Financial Committee held a hearing entitled “Examining the Cryptocurrencies and ICO Markets.” yesterday. This was the first hearing that members of Congress specifically addressed the crypto market as reported by Forbes.

Paramount to the hearings, mandate was to examine existing regulation of the markets and establish whether there is sufficient oversight. Among those invited to testify was Mike Lempres ,chief legal and risk officer for the San Francisco based exchange Coinbase.

Lembres took the position that there is no need for further regulation but a dire need for clarification of the regulatory bodies in charge now. Pointing out that Coinbase is subject to numerous regulators at the state level including the SEC, the Commodity Futures Trading Commission, the Federal Trade Commission and the Financial Crimes Enforcement Network in addition to meeting the different licensing requirements in 38 states.

Lambres went on to chart the confusion between meeting regulations by saying.

“Today’s environment calls to mind the parable of the blind mice and the elephant – each agency looks at tokens from its own narrow perspective: the SEC says these assets, particularly ICO’s, are probably securities; the CFTC says tokens are commodities, unless they are securities; the IRS says they are property; FinCEN says tokens are money; and other agencies see tokens through their own lens.”

Lambert went on to explain that Coinbase only trades four currencies (Bitcoin, Bitcoin Cash, Ethereum and Litecoin) because they have all be solidly determined to be currency and not securities.

“We are studiously avoiding listing tokens that could be determined to be securities because we are not currently licensed to trade securities and cannot take the risk of inadvertently trading an asset that is later found to be a security,” he said.

Congressional Voices For and Against.

The most outspoken critic of the cryptocurrency market was Democratic Rep. from California Brad Sherman who summed up all of the complexity of Bitcoin and like currency as ‘a scam’.

He went on to paint a picture of traders sitting around in their pajamas with dreams of becoming overnight millionaires. Also of terrorists and criminals sending money around the world to fuel their empires. Near the end relenting to say that perhaps one percent of the time a useful business comes out of it.

To balance that Rep. Tom Emmer, a member of the congressional blockchain caucus, said that the innovation from blockchain technology happening in America is something both democrats and republicans should get behind; “I hear elected officials who don’t have any concept of what we’re dealing with here and how exciting it is, talking about how we got to regulate and create more government infrastructure.”

The post Coinbase to Congress; More Clarity not Regulation Needed appeared first on NewsBTC.