Day: March 23, 2018

China’s Ministry of Information Technology and Industry is ramping up its focus on national blockchain standardization this year.

Bitcoin Press Release: Blockchain-based exchange platform Midex is in the midst of its token sale, which has just decrease the number tokens available for participants by 65%. The token sale ends on April 15th, 2018.

23 March, 2018, Hong Kong – Fully licensed Hong Kong-based blockchain exchange startup Midex platform is passing the first stage of its token-sale now. Cryptocurrency enthusiasts are now eligible to purchase the platforms native MDX tokens through the sale to show their support for the development of the project. The Midex token is an ERC-20, offering high speed transactions and superior transparence through ethereum blockchain technology and smart contracts. The token sale is now  live and ends on April 15, 2018, giving users only a few more weeks to get involved with the early stages of the project.

For the purpose of the token sale participants, the MDX costs has been broken down into the following tiers:

• 17 Million tokens or less: $1.00
• 25 Million tokens or less: $1.20
• 32.5 Million tokens or less: $1.30
• 40 Million tokens or less: $1.40
• 48.75 Million tokens or less: $1.50

The Midex token sale is designed to  support the liquidity of the Exchange and to continue the Financial Platform development. The Midex Exchange as a part of the Midex Platform, is licensed and it is now running in alpha.

The MDX token allows users to get not only passive income but also various bonuses. There is the Midex fund which consists of 20% of daily commissions from operations on exchange and other services. Then this fund is distributed among token holders. So, token holders obtain certain percent from daily transactions in proportion to their investments. Moreover, users can get special internal Midex functionality with MDX tokens. For instance, to increase cash withdrawal or transaction limit. The main detail is that users may get a privilege to exchange their tokens into the shares in the future. Now then, more than 7,1 mln MDX tokens are sold.

CEO Midex Dmitry Machikhin explains the choice to decrease the tokens, stating;

“We Increased the number of the team tokens because we want to be sure about token’s liquidity after tokensale and being more motivated to keep all tokens. In parallel, we decreased the amount of contributors tokens but it won’t touch anybody’s interest”,

In order to become a token-sale participant, individuals just have to register an account on the official website and select the option ‘ETH-wallet’, to get accredited with MDX tokens. MDX tokens can then be traded on the Midex web site with up to 50 different cryptocurrencies.

Midex has chosen to  simplify the procedure of buying tokens by offering an option to purchase the MDX tokens with fiat currency soon, in addition to cryptocurrency.

Midex has chosen to make amendments in the structure of fundraising particularly in the distribution of investments. The number of available tokens that are available for contributors has been decreased from 85% to 65%. For bounties there was an increase from 5% to 8%, for advisers an increase from 5% to 7% and for the Midex team and increase from 5% to 20%. So, such adjustments will contribute to the best development of the company, as well as it will remote the expansion of the coverage of people who use Midex services in the cryptocurrency world.

About Midex

Midex’s instruments and services provide unique solutions on the basis of blockchain, which has no extant analogues in the world and offers revolutionary solutions regarding the consolidation of the world of cryptocurrencies and classical finance systems. The combination of neural networks and smart-contracts controls the majority of processes within the Midex ecosystem, thus eliminating the possibility of mistakes and compromises.

Learn more about Midex here – https://ico.midex.com/#tokensale
Find on Facebook – https://www.facebook.com/midexinfo
Join on Reddit – https://www.reddit.com/user/Midex_Official
read about Midex on Medium – https://medium.com/@midexofficial
Read the White Paper – https://ico.midex.com/docs/Whitepaper_EN.pdf
join the Telegram group – https://t.me/midexinfo_en
Folloe on Twitter – https://twitter.com/MidexInfo
Join the Bitcointalk page – https://bitcointalk.org/index.php?topic=2714588

Media Contact

Name: Valeria Mingova
Location: Hong Kong
Email: [email protected]

Midex is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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The post PR: The Financial Platform Midex Continues Tokensale and Increases the Number of Tokens Available for Contributors to 65% appeared first on BitcoinNews.com.

Cryptocurrrency hedge funds have shot up like mushrooms on fertile soil lately. All of these companies aim to provide convenient access to cryptocurrencies. It now seems the SEC will begin cracking down on these offerings as well. Nearly 100 hedge funds are currently under scrutiny, albeit no charges have been filed yet.

The Cryptocurrency hedge Fund Craze

It is safe to say most hedge funds are simply jumping on the cryptocurrency bandwagon .After a successful 2017, it became evident consumers and investors want access to these currencies. More specifically, they want to ride the waves of volatility without buying Bitcoin and altcoins directly. As such, a cryptocurrency hedge fund seems to check all of the right boxes in this regard.

Unfortunately, this new trend also attracts a lot of attention from regulators. The SEC is examining several dozen of these financial providers as we speak. It is not the same as the ongoing crackdown on ICOs, which is a completely separate initiative by the agency. Instead, they want to make sure all of the hedge funds adhere to strict guidelines. It is evident this news will create some friction sooner or later.

For now, it seems this new “probe’ is designed for examining specifically. No official charges have been filed against any of these companies as of right now. Moreover, the SEC seems intent on gathering as much information as possible. This is a brand new product to most people, yet its overwhelming popularity certainly raises some questions.

The Road Ahead

For now, nothing will change in the immediate future. The current plan is to launch this investigation in the next two months. According to sources, the main goal is to ensure fund managers bought the type of assets they are advertising to potential investors. Additionally, there are some concerns over the potential theft of such assets.

On the whole, this new move by the SEC is positive in general. Any probe into these offerings will bring more legitimacy to this market in general. The same applies to the ongoing investigation into initial coin offerings. It has become evident cryptocurrency will continue to attract a lot of attention all over the world. This nascent industry still raises a lot of questions and provides very few answers as of right now.

It seems not much will change for the hedge funds under investigation. That is, assuming the SEC doesn’t find anything specific to be worried about. It is how many investigations they will launch in the next two months. While up to hundred firms are on the radar, it is possible half or less will be investigated in the end. These routine inspections are a positive thing, all things considered.

The post SEC Will Investigate Cryptocurrency Hedge Funds Over the Next Two Months appeared first on NewsBTC.

A trialed blockchain system for interbank clearance was not as efficient as the current centralized system, says a central bank report.

Faceter Rolls Out Affordable Smart Sci-Fi Video Security

As Faceter CEO Rob Pothier talks about the ‘sci-fi’ capabilities of advanced video security camera technology, the listener is transported to the future. Today, cameras are watching us as we move through the office, shop at lunch in the department store, and on the car ride home. Smart digital surveillance systems can also record our biometric data, demographics, and shopping preferences. They can even travel back in time and retrace our digital footprints.

Such smart video security features do seem to be assuming the ‘big brother’-like functionality that some fear. Whether you feel like a repressed character in a dystopian novel or an empowered digital consumer depends on how you decide to use the technology. Leveraging the capabilities of the blockchain, Faceter’s software is making smart video surveillance technology affordable to consumers and small businesses.

Enabling Low-Cost Smart Security Cameras for the Masses

Dystopian imaginists failed to consider a world in which the internet and the blockchain placed the power of advanced technology in the hands of everyone, not only government and big corporations. Faceter’s software creates a low-cost video security camera with the smart detection features and image quality of advanced systems. Owing to high costs, even governments and corporations have been slow to deploy intelligent video surveillance equipment.

Currently over 90 percent of video security cameras used worldwide apply closed-circuit television (CCTV) analog technology, according to IHS Markit.These analog cameras record data and send it to a receiver, often providing fuzzy images and poor quality data compromised by video loss. Next generation digital cameras, in contrast, receive, decode, analyze and compare data in real time. This smarter actionable data can be used in diverse applications including identity management and marketing. In crime prevention, a disgruntled former employer, known jewelry thief, or gambler with casino debts could be identified before they entered premises.

By applying decentralized blockchain technologies, Faceter has significantly lowered the cost of smart features (e.g., facial recognition, objects detection). The main barrier is the cost of powering real-time video surveillance systems, which require the same power-hungry GPU chips as those used to mine cryptocurrencies. Faceter’s solution is to hire cryptocurrency miners to provide the GPU power for smart surveillance systems. Data sent to the decentralized mining hub is anonymized to ensure privacy and data protection.

Faceter is currently building a fog network of miners, but anyone who has a high-performance computer can join and start to earn money. You can install the program and set it to work at night time, when your computer is not in use, and tally your earnings when you wake up in the morning. Fog computing is a way to reduce the computational costs of computer vision tasks since it costs less than servers rented from cloud computing providers (like AWS, Azure, etc)

The security miners perform recognition calculations. When a miner’s hash results do not reconcile with those of the rest of the mining pool, he is rejected from the pool. The miners are eager to join, says Pothier, because they can make twice as much money as they currently make mining bitcoin, ethereum, and other cryptocurrencies.

How Smart Can Smart Video Surveillance Get?

The Faceter system can recognize faces and in 2019 will provide a full suite of advanced features, including the detection of emotions and sounds (e.g., cries for help, breaking glass), text (e.g. license plates, bank card print), and objects (e.g, firearms). The user sets up reactions—what kind of events will trigger an alarm when the notification will be sent to a smartphone, what event can be ignored or marked to look at it later, and so on.

For example, the real-time identification of a woman standing in front of a jewelry store as a known jewelry thief would activate a security response.

Faceter launched the FACE token sale campaign, which will finish at the end of March, to raise money for development of a mass market version.

Faceter is being designed with protocols and APIs to interoperate with the security infrastructure of the future. As the system integrates with emerging smart home platforms and urban services, it will provide increased security value. When the video system does detect trouble such as an intruder or fire, the smart home can automatically alert law enforcement or the fire department.

Victims of crime no longer have to fret over low quality CCTV images. If Faceter biometric detection—which has passed the professional standards tests of corporate systems—fails, the system has the capacity to track an individual of whom it has only captured a partial identity in order to collect more biometric and related information.

Used appropriately, decentralized collective security can free rather than restrain us. Pothier views the Internet as the “nervous system” of mankind and the collected security data “nerve pulses.” This collective security can function as “an immune system defending this organism from potential internal and external threats,” says Pothier.

The post Faceter Introduces Intelligent Video Surveillance for Smart Secure Cities appeared first on NewsBTC.

As we move toward trusting everything recorded in a blockchain, consider the societal impact, e.g. on our ability to think critically and skeptically.

Key Highlights

• ADA price faced a strong selling interest near $0.2240 and declined against the US Dollar (tethered).
• There was a break below a crucial ascending channel with support at $0.2060 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
• The pair is currently holding the $0.180 support level, but it remains at a risk of more declines.

Cardano price is showing a few bearish signs against the US Dollar and Bitcoin. ADA/USD could continue to move down if it breaks the $0.1800 support level

Cardano Price Downside Break

There was a decent upside earlier this week above $0.1800 level in ADA price against the US Dollar. The price traded above the $0.2000 and $0.2200 level. However, it faced a strong selling interest near the $0.2240 and $0.2250 levels on the upside. A short-term top was formed at $0.2244 and the price started a downside move. It traded lower and broke the 23.6% Fib retracement level of the last wave from the $0.1233 low to $0.2244 high.

More importantly, there was a break below a crucial ascending channel with support at $0.2060 on the hourly chart of the ADA/USD pair. The pair tumbled and broke the $0.1900 level. It settled below the $0.200 level and the 100 hourly simple moving average. It is currently testing the $0.1800 support area and remains at a risk of more losses. On the downside, below $0.1800, the next support is around the 50% Fib retracement level of the last wave from the $0.1233 low to $0.2244 high.

On the upside, the broken support at $0.2000 and the 100 hourly SMA are likely to act as a hurdles. Above $0.2000, the price move above the $0.2200 level to challenge $0.2240 and $0.2250.

Hourly MACD – The MACD for ADA/USD is now back in the bearish zone.

Hourly RSI – The RSI for ADA/USD is currently recovering higher from the 35 level.

Major Support Level – $0.1800

Major Resistance Level – $0.2000

Charts courtesy – Trading View

The post Cardano Price Technical Analysis – ADA/USD Bearish Below $0.20 appeared first on NewsBTC.